New Hope Bluffs Townhomes Assoinc

What New Hope Bluffs Townhomes Assoinc's governing documents say

New Hope Bluffs is a townhome community in Durham, NC, governed by a homeowners association (HOA). This declaration of covenants, conditions, and restrictions (CC&Rs) applies to all owners of the 14 townhouse lots. It outlines the rights and responsibilities of owners, the association's maintenance duties, and the rules for using and modifying your property.

• What you own & maintain: You own your townhome lot and share the common area. The association handles exterior maintenance of your home (roof, gutters, exterior surfaces, landscaping in front, etc.) and the common area. You are responsible for interior maintenance and any damage caused by your negligence.
• Assessments & fees: You must pay annual and special assessments to the association. The initial maximum annual assessment was $120 per lot (payable quarterly), but it can be increased by a two-thirds vote of members. Special assessments for capital improvements also require a two-thirds vote. Unpaid assessments accrue interest at 10% per year and can become a lien on your property.
• Architectural review: Before making any exterior changes (building, fence, sign, wall, or alteration), you must submit plans to the association's board or architectural committee for written approval. If they don't respond within 30 days, approval is deemed given.
• Parking & vehicles: Each lot is entitled to use up to two parking spaces. The association can assign one space per dwelling and regulate parking of boats, trailers, and similar items on common areas. Boats and trailers cannot be parked on public streets adjacent to the community.
• Pets: You may keep dogs, cats, or other household pets, but not for commercial purposes. Pets must be leashed when on common areas. No livestock or poultry is allowed.
• Use restrictions: Properties must be used only for residential purposes. No obnoxious or offensive activities are allowed. Signs are prohibited except as permitted by the association. Dwellings must have at least 1,000 square feet of main structure (excluding porches and decks) for more than one story.
• Party walls: Walls shared between townhomes are party walls. Repair and maintenance costs are shared proportionally by the owners who use the wall. Disputes are settled by arbitration.
• Insurance & reconstruction: The association carries master insurance on all buildings (fire, extended coverage, etc.) and liability insurance for common areas. If a casualty occurs, the association will reconstruct damaged property using insurance proceeds and, if needed, special assessments. You may obtain your own liability insurance, but it must be without contribution against the association's policy.

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.