Taylors Pond Homeowners Association Inc

What Taylors Pond Homeowners Association Inc's governing documents say

This is the Declaration of Covenants, Conditions and Restrictions for Taylors Pond, a single-family attached (townhome) community in Cary, NC, governed by the Taylors Pond Homeowners Association. It binds all lot owners and outlines property rights, assessments, architectural control, and use restrictions.

• What you own & maintain: You own your lot and dwelling; the association owns and maintains the common areas. Party walls between attached homes are shared, with repair costs split proportionally to use.
• Assessments & fees: Annual assessments start at a maximum of $120 per lot, can rise up to 5% per year without a vote, and higher increases require a two-thirds vote. Special assessments for capital improvements also require a two-thirds vote. Unpaid assessments accrue 6% interest and become a lien on the property.
• Architectural review: Any building, fence, wall, or exterior alteration requires written approval from the Board or an architectural committee, based on harmony of design and location. If no decision is made within 30 days, approval is deemed granted.
• Parking & vehicles: Each townhome is entitled to at least one permanently assigned parking space, and up to two spaces total. Only automobiles may park overnight in the lots; boats and trailers must be parked in designated areas.
• Use restrictions: Lots are for residential use only, with one single-family dwelling no more than three stories. Minimum floor areas apply (750 sq ft for one-story, 1,000 sq ft combined for multi-story). No commercial animal keeping, no outside antennas without permission, and only one sign up to 5 sq ft for sale/rent.
• What this document doesn't cover: This excerpt does not include details on rental restrictions, pet limits (beyond no commercial use), or specific rules for common facilities. It also doesn't state current assessment amounts, which are set by the Board.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.