Colby Farms

What Colby Farms's governing documents say

Colby Farm is a single-family home HOA in Clayton, NC, governed by a Declaration of Covenants, Conditions, and Restrictions. This document binds all homeowners and occupants, and it establishes the HOA's rules, assessments, and architectural review process.

• What you own & maintain: You own your detached single-family home and lot, and you're responsible for maintaining your unit, including the dwelling, driveways, and landscaping, to a community-wide standard. The HOA maintains common areas like entrance signs, stormwater systems, and streetlights.
• Assessments & fees: The initial annual base assessment is $360 per year, payable in advance, and can be adjusted by the board. Special assessments may be levied for unbudgeted expenses with a majority vote of a quorum, and specific assessments can be charged for services or violations.
• Architectural review: Any exterior changes, including structures, landscaping, or site work, require prior written approval from the Declarant (or later the ARC). The reviewer has sole discretion and may consider aesthetics; approval is deemed given if no response within 30 days, but must comply with Design Guidelines.
• Rules & enforcement: The board can adopt and modify rules, with notice and a hearing, and can impose fines, suspend voting rights or common area use, and take self-help actions for violations. Owners must comply with all governing documents, and the HOA can record liens for unpaid assessments.
• Insurance & damage: The HOA carries master insurance on common areas, and each owner must carry property insurance on their own unit. If your home is damaged, you must repair or rebuild within 6 months, or clear the lot and maintain it.
• Leasing & rentals: Leases must include a provision that tenants are bound by the governing documents. The HOA cannot prohibit leasing or require consent for it, but rules may regulate leasing as long as they don't prohibit it.
• What this document doesn't cover: This excerpt does not include the full Use Restrictions and Rules (Exhibit C) or Design Guidelines, which contain specific rules about pets, parking, signs, and other conduct. Those are separate documents referenced here.

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.