South Main Homeowners Association Inc

What South Main Homeowners Association Inc's governing documents say

South & Main is a planned community in Fuquay-Varina, NC, with both detached single-family homes and townhomes, governed by a homeowners association (HOA). This declaration sets out the rules and obligations for all owners, including assessments, architectural review, and use restrictions.

• What you own & maintain: Owners own their lot and home (single-family or townhome) in fee simple. The association maintains common areas, stormwater facilities, and some rights-of-way, funded by assessments.
• Assessments & fees: Annual assessments are set by the board and must be equal on all lots, except for reduced rates for designated builders and exemptions for the declarant. Special assessments require a two-thirds vote. Late payments incur a charge up to 10% or $20/month, and unpaid assessments become a lien on the property.
• Architectural review: An architectural committee, appointed by the declarant during development and later by the board, regulates the external design, appearance, and use of property. Owners must get approval for exterior changes.
• Leasing & rentals: The declaration does not specify lease terms or rental restrictions, but owners may lease their lots subject to the association's rules and the declaration's general provisions.
• Pets: The declaration does not mention pet restrictions, so pet rules would be covered by association rules or other governing documents.
• Use & occupancy: Lots are for residential use by a single family, defined as individuals related by blood, marriage, or adoption, or up to three unrelated persons. This limits occupancy and short-term rentals.
• What this document doesn't cover: This excerpt does not include specific rules on parking, noise, or other day-to-day conduct, which may be in the association's rules and regulations.

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.