Townhomes at Davis Park Homeowners Association Inc

What Townhomes at Davis Park Homeowners Association Inc's governing documents say

This is a Declaration of Condominium for 700 Finsbury at Davis Park Condos, a 32-unit multi-story condominium building in Durham, NC. It establishes the condominium regime, defines unit ownership and common areas, and sets rules for residents and owners. It also makes each unit owner a member of the association and subordinate to two larger community associations (Davis Park Community Association and Finsbury Property Owners Association).

• What you own & maintain: You own your unit's interior (finished surfaces of walls, floors, ceilings) and a 3.125% undivided interest in the common areas. The association maintains the building's structure, roof, exterior, and common facilities; you maintain your unit's interior and any limited common areas like balconies or patios (though the association controls their exterior appearance and maintenance).
• Leasing & rentals: Leases must be in writing and subject to association rules. There is no stated minimum lease term in this document, but the association may impose restrictions on leasing (any such restriction would be a material amendment requiring 80% owner approval).
• Occupancy limits: No more than two unrelated persons over age 18 may reside in a unit for more than 30 consecutive days in a calendar year.
• Pets: Dogs, cats, or other household pets are allowed, but not for commercial purposes. Pets must be leashed when outside the unit.
• Parking & vehicles: No campers, trailers, or similar vehicles may be parked or stored on the premises. Trucks are limited to standard 2-ton or smaller pickup trucks.
• Exterior appearance & signs: No outside antennas or satellite dishes without association permission. No signs are permitted on or about the units. Window coverings must comply with association rules.
• Assessments & liens: All units are assessed for common expenses, and unpaid assessments become a lien on the unit. A first mortgage recorded before the assessment is due takes priority over the lien. Buyers are entitled to a statement of unpaid assessments and are not liable for amounts beyond that.
• Insurance: The association carries casualty and liability insurance on the building and common areas. Unit owners are encouraged to get their own policy for personal property and improvements, with a condominium unit owner's endorsement.

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.