Newbury Park Homeowners Association Inc

What Newbury Park Homeowners Association Inc's governing documents say

Newbury Park is a planned community of detached single-family homes in Holly Springs, NC, governed by a homeowners association (HOA). This declaration binds all lot owners, and the HOA maintains common areas and enforces rules. If you're buying or living here, you'll be a member of the HOA and subject to its assessments and restrictions.

• What you own & maintain: You own your lot and the house on it. The association maintains the common areas (like storm water ponds and drainage easements) and carries liability and hazard insurance on common property. You're responsible for your own home's exterior maintenance, subject to architectural review.
• Leasing & rentals: You may lease your home, but leases must be in writing for at least six months and must include a clause that the tenant agrees to follow the HOA rules. If you rent out your home, your vote on HOA matters is capped at 49% of the total votes.
• Assessments & fees: The HOA charges annual assessments (initially up to $300 per lot, with annual increases capped at 10% unless owners approve more) and can levy special assessments for capital improvements. Unpaid assessments become a lien on your property and accrue interest at 18% per year. A one-time working capital contribution equal to 1/6 of the annual assessment is due at the initial sale.
• Architectural review: Before making any exterior changes—like building a fence, adding a structure, or major landscaping—you must submit plans for approval. The review fee is up to $125, and approval is based on harmony with the neighborhood. If no decision is made within 30 days, approval is assumed.
• Common area use & restrictions: All owners have the right to use the common areas, but the HOA can charge fees for facilities and suspend your use rights for unpaid assessments (after 30 days) or rule violations (up to 60 days). You can't remove trees, build structures, or dump garbage on common areas without permission.
• Fines & enforcement: The HOA can fine you for rule violations—up to $50 per day for a first offense, $100 per day for a second, and $150 per day for subsequent violations. Fines become a lien on your property. The HOA can also suspend your voting rights for unpaid assessments.
• What this document doesn't cover: This is the declaration of covenants, but it doesn't include the full HOA bylaws or the detailed architectural guidelines. It also doesn't list specific amenities (like a pool or clubhouse) or the current annual assessment amount—those are set by the board and may change.

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.