Chapelwood Owners Association Inc

What Chapelwood Owners Association Inc's governing documents say

This is the declaration of covenants, conditions, and restrictions for Chapelwood, a planned single-family residential community in Durham County, NC, established as an age-restricted (55+) community under HOPA. It creates the Chapelwood Owners Association and binds all owners of the 69 planned single-family homes.

• Age restriction (55+): The community is age-restricted under HOPA: at least one resident per home must be 55 or older, and the community must meet HOPA's occupancy requirements. The declaration references an Age Restriction Policy and Age & Occupancy Verification Form (Exhibits D-1 and D-2).
• What you own & maintain: You own your single-family home and lot. The association maintains common areas, entrance features, drainage systems, buffers, open space, pedestrian trails, and common retaining walls. Streets are dedicated to the city and maintained by the city, not the association.
• Assessments & fees: All owners pay annual assessments (Base Assessment) set by the board, plus potential Special Assessments (over 5% of budget require 2/3 owner vote) and Individual Expense Assessments for violations. First-time buyers from the builder pay a Working Capital Contribution equal to two months of the Base Assessment. Unpaid assessments accrue 12% interest and can become a lien on your property.
• Amenities & shared facilities: Residents have access to the Downing Creek Amenities (pool, tennis courts, trails, bath house) across Barbee Chapel Road, under a separate Use and Access Agreement. Use is non-exclusive and subject to Downing Creek Association rules; the agreement can be terminated, and access is not guaranteed.
• Architectural review: An Architectural Control Committee must approve any changes to your property, including structures, fences, landscaping changes, and other improvements. Buffer areas and common retaining wall zones have additional restrictions.
• Leasing & rentals: The declaration does not restrict leasing or set minimum lease terms, but all owners must comply with the age restriction and association rules. Renters are subject to the same rules as owners.
• What this document doesn't cover: This excerpt does not include pet rules, parking rules, or specific architectural guidelines—those may be in the Bylaws or separate rules. It also doesn't state the current assessment amount or the exact age verification process.

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.