Atwater Homeowners Association Inc

What Atwater Homeowners Association Inc's governing documents say

Atwater is a planned community of attached single-family townhomes in Durham, NC, governed by a homeowners association (HOA). This declaration sets out the rules and obligations for owners, including maintenance responsibilities, assessments, and restrictions. It is relevant to current and prospective homeowners, as well as renters, who should understand the HOA's role and the community's requirements.

• What you own & maintain: You own your townhome lot, but the association maintains the exterior of units, landscaping, sidewalks, driveways, and parking areas on each lot. Fences are not maintained by the association.
• Assessments & fees: Annual assessments are capped at $3,600 per lot (as of 2020), increasing 10% each year. Special assessments require a two-thirds vote of Class A members, and a $250 working capital fee is due at initial sale.
• Leasing & rentals: Renting your unit is allowed, but tenants must occupy the unit as their principal residence in Durham County. Leases must be at least six months long.
• Voting & membership: Each lot gets one vote, but if the owner doesn't live there or rents it out, that vote is limited to 49% weight on any matter. The developer retains control until 2030 or until certain conditions are met.
• Common areas & amenities: The association maintains common areas, including private streets, sidewalks, and stormwater facilities. Owners have a right to use these areas, but the association can suspend use for unpaid assessments or rule violations.
• Stormwater obligations: The association is responsible for maintaining two stormwater ponds, with mandatory annual inspections and funding requirements. Owners may be jointly liable if the association fails.
• What this document doesn't cover: This excerpt does not include rules on pets, architectural review, parking, or other typical HOA restrictions. Those may be in other sections of the declaration or separate documents.

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.