Woodland Springs Homeowners Association Inc

What Woodland Springs Homeowners Association Inc's governing documents say

Woodland Springs is a planned community of detached single-family homes in Fuquay-Varina, NC, governed by a homeowners association (HOA). This declaration creates the HOA and sets out rules that bind all current and future owners, covering assessments, use restrictions, and architectural control. It's the full rulebook for living here.

• What you own & maintain: You own your lot and home; the association maintains common areas, including stormwater facilities, and may maintain landscaping in public rights-of-way. You must pay assessments for these common expenses.
• Assessments & fees: Annual assessments start at a maximum of $720 per lot per year ($60/month) until the year after the first lot sale, then can increase by up to 10% or CPI, whichever is greater, with a 20% cap unless members ratify a higher budget. Special assessments require a 2/3 vote. A one-time $300 reserve fee is due from the first purchaser of a home.
• Use restrictions: Lots must be used only for single-family residential purposes. A 'Single Family' is defined as one person, related persons, or up to three unrelated persons living together. Timeshares are prohibited.
• Architectural review: An Architectural Committee (appointed by the declarant while it owns lots, then by the board) must approve external design, appearance, and use changes. Rules are adopted by the committee.
• Leasing & rentals: The declaration does not restrict leasing terms or require owner occupancy; it only requires that lots be used for single-family residential purposes. Renters are bound by the rules as occupants.
• Pets: The declaration does not mention pets or pet restrictions.
• Fines & enforcement: The HOA can fine up to $100 per day for violations after notice and a hearing, and fines become a lien on the lot. Unpaid assessments accrue late charges and can lead to foreclosure.
• What this document doesn't cover: This excerpt does not include details on parking, vehicles, signs, flags, or specific architectural standards—those may be in later sections or separate rules.

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.