Kingwood Collection at Twelve Oaks Owners Associat

What Kingwood Collection at Twelve Oaks Owners Associat's governing documents say

This is the declaration of covenants, conditions, and restrictions for Kingwood Collection at Twelve Oaks, a planned community of attached single-family homes in Holly Springs, NC. It establishes a homeowners association (HOA) that maintains common areas and exteriors, and it binds all lot owners. This document is part of a larger master-planned community, so additional rules from the master association may also apply.

• What you own & maintain: You own your lot and the dwelling on it. The association maintains the exterior of units and common areas (including private streets, stormwater facilities, and utilities).
• Assessments & fees: Annual assessments are capped at $1,140 per lot (until 2011, likely adjusted later). A working capital payment equal to one-sixth of the annual assessment is due at each sale. Special assessments require a two-thirds vote of Class A members.
• Voting & membership: Each lot gets one vote, but the developer has nine votes per lot during the declarant control period. If a home is vacant or rented, its vote is limited to 49% weight on association matters.
• Leasing & rentals: Renting your home is allowed, but the vote of a leased lot is capped at 49%. Tenants may use common areas as their principal residence.
• Parking & vehicles: The association can set speed limits and parking rules on private streets, and can fine, tow, or boot vehicles for violations without prior notice.
• Architectural control: The declaration includes an architectural control article (Article IX), meaning exterior changes likely require approval, though specific rules are not detailed in this excerpt.
• Use restrictions: The declaration includes use restrictions (Article X), including rules about nuisances and fines, but specific restrictions are not detailed in this excerpt.
• What this document doesn't cover: This excerpt is partial and does not include the full text of use restrictions, architectural guidelines, or the master declaration's rules. It also doesn't specify pet rules, age restrictions, or rental minimums.

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.