Morgan Creek Homeowners Association Inc

What Morgan Creek Homeowners Association Inc's governing documents say

Morgan Creek is a standard single-family HOA in Fuquay-Varina, NC, governed by a Declaration of Covenants, Conditions, Restrictions, Easements, Charges and Liens. This document is the full rulebook for the community, binding all lot owners and their tenants. It covers assessments, use restrictions, architectural control, and common area maintenance.

• What you own & maintain: You own your lot and the home on it. The association maintains the common areas (including storm water facilities and shared infrastructure) and may enter your lot for maintenance or repairs if needed.
• Leasing & rentals: Leases must be in writing, for at least six months, and must include a clause binding the tenant to the HOA rules. Owners must provide a copy of any lease to the association and remain responsible for all assessments and rule compliance.
• Assessments & fees: Annual assessments start at a maximum of $200 per lot for 2004, can increase up to 10% per year without a vote, and may be raised higher with a two-thirds vote. Special assessments may be levied for capital improvements or other costs, and special individual assessments can be charged for damage or rule violations. A one-time operating capital contribution equal to half the annual assessment is due at the initial sale.
• Architectural review: All new construction and exterior changes must be approved by the Architectural Control Committee, following the Architectural Design Guidelines. The committee can charge fees, and the association can enter your property to correct violations.
• Use restrictions: The declaration includes general use restrictions (Article VIII) that govern how lots and common areas may be used, though the specific restrictions are not detailed in this excerpt.
• Voting & membership: Every lot owner is a member of the association. Owners get one vote per lot, but if a lot is vacant or leased, its vote cannot exceed 49% on any matter. The developer retains special voting rights until 2011 or until 75% of lots are sold to non-developers.
• Common area use: Owners and their tenants have a right to use the common areas, subject to association rules. The association can suspend use rights for unpaid assessments (after 30 days) or rule violations (up to 60 days).
• What this document doesn't cover: This excerpt is the declaration only; it does not include the full text of the Architectural Design Guidelines, the association's bylaws, or any rules and regulations adopted by the board. Those documents are referenced but not included here.

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.