Southpoint Terrace Owners Association Inc
Homeowners association — you own your lot and home; the association maintains common areas and enforces covenants.
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What Southpoint Terrace Owners Association Inc's governing documents say
Southpoint Terrace is a planned single-family home community in Durham, NC, governed by a homeowners association (HOA). This declaration establishes the HOA, its powers, and the covenants that bind all homeowners, covering assessments, maintenance, architectural control, and use restrictions.
- What you own & maintain: You own your lot and home; the association maintains common areas like entrance features, stormwater ponds, and common parking. Streets are public and maintained by the city.
- Assessments & fees: All owners pay annual base assessments (equal share of the budget), plus possible special assessments (e.g., for capital improvements) and individual expense assessments for violations. First buyers also pay a working capital contribution equal to two months of the base assessment.
- Architectural review: Any exterior changes—structures, fences, patios, landscaping, etc.—require approval from the Architectural Control Committee before you build or install.
- Use restrictions: The declaration includes general use restrictions (Article 11) that govern how you can use your property, though the excerpt doesn't detail them. The association can fine for violations and enforce rules.
- Leasing & rentals: The document doesn't specify lease terms or rental restrictions in the excerpt, but the association has the right to adopt rules and can evict tenants for violations.
- What this document doesn't cover: This is the declaration only; it doesn't include the full use restrictions (Article 11) or the association's bylaws, which contain meeting and voting procedures. The excerpt also omits specific pet rules, parking rules, and any age restrictions.
Key facts from Southpoint Terrace Owners Association Inc's documents
- Community type
- HOA (Overview - 'Southpoint Terrace Owners As)
- Legal name
- Southpoint Terrace Owners Association Inc
- Units / lots
- 105 (Article 2 Definitions - 'Total Planned U)
- Developer / declarant
- Centex Homes, a Nevada general partnership (Opening paragraph)
- Governing law
- North Carolina Planned Community Act (Chapter 47F of the North Carolina General Statutes) (Article 2 Definitions - 'Planned Communi)
- Assessments & dues
- Base Assessment = total anticipated Operating Expenses divided by number of Lots/Living Units; during Deficit Funding Period, divided by 75% of Total Planned Units (Article 6.C)
- Special assessments
- Requires 2/3 vote of each class of Members after Turnover Date; before Turnover Date, requires 2/3 vote if exceeds 5% of budgeted Operating Expenses; City Stormwater Agreement Special Assessment may be levied without approval (Article 6.D)
- Collections & liens
- Assessments are a lien on the Lot/Living Unit; lien effective upon recording of written statement; foreclosure like mortgage under NC law (Article 6.B, Article 6.H.3)
- Reserves & fees
- Required; separate reserve for Ponds with at least 3-year funding; deposited in separate account (Article 6.Q.13)
- Leasing & rentals
- Not explicitly mentioned in this excerpt (N/A)
- Parking & vehicles
- Common Parking Spaces maintained by Association; no exclusive rights (Article 4.E)
- Fences
- Fences not included in encroachment easement; no specific fence rules mentioned (Article 8.B.2)
- Architectural approval
- Yes - Architectural Control Committee approval required (Article 10)
- Maintenance
- Not explicitly mentioned; likely owner responsibility (N/A)
- Insurance
- Property/casualty insurance on Association Property; public liability insurance with $1,000,000 per person/occurrence and $50,000 property damage (Article 7.A, 7.B)
- Use restrictions
- Yes - single-family residential dwellings (Article 2 Definitions - 'Living Unit')
- Voting & meetings
- Class A Members (Owners): 1 vote per Lot/Living Unit; Class B Member (Declarant): 2 times total votes of Class A plus 1 until Turnover Date (Article 5.B)
- Amendments
- Article 14; specific percentages not detailed in this excerpt (Article 14)
Related associations
Nearby (within 500 m): Eagles Pointe Homeowners Association Inc · Westpoint at 751 Owners Association Inc · Buck Crossing Homeowners Association Inc
About this HOA
Southpoint Terrace Owners Association Inc is a homeowners association in Durham, NC.
HOAproxy has 1 document on file for Southpoint Terrace Owners Association Inc: 1 recorded document. Last updated 2026-06-08.
Governing documents
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