Valley Springs Owners Association Inc

What Valley Springs Owners Association Inc's governing documents say

Valley Springs is a planned community of detached single-family homes in Durham, NC, governed by a homeowners association (HOA). This declaration sets out the rules for owners, including assessments, architectural control, maintenance duties, and use restrictions. It also covers the association's responsibilities for common areas and stormwater facilities.

• What you own & maintain: You own your lot and the detached home on it. You are responsible for maintaining the exterior and interior of your home, plus driveways, sidewalks (excluding public ones), and utility lines on your lot. The association maintains common areas, including entrances and stormwater facilities.
• Assessments & fees: Annual assessments start at $575 per year (or $143.75 per quarter) for the first year, and can increase up to 15% per year without member approval. A one-time working capital fee of $250 is due at the first sale of a lot. Special assessments for capital improvements may also be levied.
• Leasing & rentals: You may rent your home, but leases must be for at least 12 months, and you cannot rent for hotel or transient purposes. You must rent the entire lot (not just part), and occupancy is limited to one family or a household no larger than the number of bedrooms. You must notify the association of the tenant and provide a copy of the lease. While rented, you lose access to common recreational facilities, but your tenant may use them.
• Architectural review: Any exterior change—including paint colors, fences, landscaping, or other alterations—requires written approval from the declarant (during the development period) or the architectural committee. This includes things like yard ornaments, bird baths, and mailboxes.
• Use restrictions: Lots are for residential use only, with one detached single-family home per lot. No nuisances, and signs, antennas, and satellite dishes are restricted. Pets are allowed but subject to rules (details not in this excerpt). Parking and garages are also regulated.
• Common areas & amenities: The association maintains common elements, which may include a recreational area with a pool, cabana, mail kiosk, and tot lot—but the declarant does not guarantee these will be built. Owners have a right to use common areas, but the association can make rules about their use.
• What this document doesn't cover: This excerpt does not include specific pet limits, parking rules, or the full text of the architectural guidelines. It also doesn't state the current annual assessment amount (only the initial rate) or provide details on the association's insurance coverage.

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.