Markham Terrace Homeowners Association Inc

What Markham Terrace Homeowners Association Inc's governing documents say

Markham Terrace is a single-family home HOA in Durham, NC, governed by a Declaration of Covenants, Conditions, and Restrictions. This document sets out the rules for homeowners, including property use, assessments, and architectural controls.

• What you own & maintain: You own your lot and detached single-family home. The HOA owns and maintains the common areas, funded by your assessments.
• Assessments & fees: Annual assessments started at $120 per lot in 1998, with increases capped at 5% per year without a two-thirds member vote. Special assessments for capital improvements require a two-thirds vote. Unpaid assessments accrue 6% interest and can lead to foreclosure.
• Architectural review: All fences must be approved by the HOA board. Homes must be at least 900 square feet, no mobile or modular homes, and driveways must be paved with concrete or asphalt.
• Property use restrictions: Lots are for residential use only, with one detached single-family home. No subdivision of lots, and all homes must connect to public sewer.
• Common area use: Owners have a right to use common areas, but the HOA can suspend voting rights and recreational facility use for unpaid assessments or rule infractions (up to 60 days).
• Leasing & rentals: The document does not restrict leasing or rentals, but owners can delegate their common area rights to tenants.
• What this document doesn't cover: This excerpt does not include pet rules, parking regulations, or age restrictions. It also does not specify the current assessment amount or any rental restrictions.

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.