Valley Run Homeowners Assoc

What Valley Run Homeowners Assoc's governing documents say

Valley Run 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 property use, assessments, architectural control, and party wall responsibilities. It applies to all lot owners in the community.

• What you own & maintain: You own your lot and home. The HOA maintains common areas, but you are responsible for maintaining your own property; if you fail to do so, the HOA can step in and charge you.
• Assessments & fees: Annual assessments start at $80 per lot and can increase up to 10% per year without a vote. Special assessments for capital improvements require a 2/3 vote of each membership class. Unpaid assessments accrue 6% interest and become a lien on your property.
• Architectural review: You must get written approval from the HOA board or architectural committee before building, altering, or adding any exterior structure. If they don't respond within 30 days, approval is automatically granted.
• Party walls: If your home shares a wall with a neighbor, you share the cost of repair and maintenance in proportion to use. Disputes go to arbitration.
• Common area use: You have a right to use common areas, but the HOA can charge fees for recreational facilities and suspend your use for unpaid assessments or rule violations (up to 60 days).
• What this document doesn't cover: This excerpt does not include rules on pets, leasing, parking, or age restrictions. It also doesn't specify current assessment amounts or the exact boundaries of common areas.

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.