Lochwood Homeowners Association Inc

What Lochwood Homeowners Association Inc's governing documents say

Lochwood is a planned community in Durham, NC, established under the North Carolina Planned Community Act. It is a homeowners association (HOA) for single-family homes and possibly townhomes, with common areas and amenities maintained by the association. This declaration binds all property owners and sets out rules for assessments, architectural control, and use of common areas.

• What you own & maintain: You own your lot and dwelling; the association maintains common areas, including streets, open space, and recreational amenities, funded by annual assessments.
• Assessments & fees: The association levies annual assessments against all lots to cover common expenses, including reserves. The declaration does not specify the amount; it will be set by the board.
• Architectural review: All improvements, including exterior changes, landscaping, fences, and structures, require approval from the Architectural Control Committee or designated reviewer. Plans must be submitted and approved before construction.
• Leasing & rentals: The declaration does not restrict leasing, but owners who lease assign their common area use rights to tenants. No minimum lease term is stated.
• Pets: The declaration does not mention pet restrictions; rules may be set by the board in rules and regulations.
• Use of common areas: Owners have a non-exclusive right to use common areas, subject to board rules. The board can suspend use for delinquent assessments or rule violations, and can charge fees for recreational amenities.
• Declarant control & development: The developer (Lennar Carolinas) retains significant control until the declarant control period ends, which may last up to seven years from recording or until all lots are sold. The developer can annex additional property and modify the development plan.
• What this document doesn't cover: This excerpt does not specify assessment amounts, pet rules, or lease restrictions. It also does not include the full text of the declaration; later articles may cover these topics.

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.