Saddlebrook Wake Forest Homeowners Association In

What Saddlebrook Wake Forest Homeowners Association In's governing documents say

Saddlebrook Ridge is a planned community of detached single-family homes in Creedmoor, NC, governed by a homeowners association (HOA) under the North Carolina Planned Community Act. This declaration creates the HOA, sets up assessments, and imposes restrictions on how you can use your property. It's the rulebook for anyone buying a home here.

• What you own & maintain: You own your lot and the single-family home on it. The HOA maintains common areas, stormwater facilities, and some rights-of-way (like landscaping and sidewalks) using your assessments.
• Assessments & fees: The HOA charges annual assessments, which start at a maximum of $800 per lot and can increase each year by up to 10% or the CPI increase, whichever is greater. Special assessments for capital improvements require a two-thirds vote of members. First-time buyers must pay an extra amount equal to two months of annual assessments into a reserve fund.
• Leasing & rentals: The declaration does not restrict leasing, so you can rent out your home, but renters must follow all HOA rules. The HOA can impose fines for violations by owners or their tenants.
• Pets: The declaration does not mention pets, so pet rules would be set by the HOA's rules and regulations, which are not included here.
• Architectural review: An Architectural Committee must approve any changes to the exterior of your home or lot, including fences, landscaping, and other improvements. The committee's rules are separate and not included in this document.
• Fines & enforcement: The HOA can fine you up to $100 per day for rule violations, after a hearing. Unpaid fines become a lien on your property, and the HOA can foreclose to collect.
• What this document doesn't cover: This is the declaration of covenants, conditions, and restrictions, but it doesn't include the HOA's bylaws, architectural rules, or any separate rules about pets, parking, or other day-to-day matters. Those are in other documents not provided 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.