Parkstone Village Townhomes Homeowners Association

What Parkstone Village Townhomes Homeowners Association's governing documents say

Parkstone Village Townhomes is a townhome community in Knightdale, NC, governed by a homeowners association (HOA). This declaration sets out the rules and obligations for owners, including assessments, maintenance responsibilities, and use of common areas. It is a planned community with attached homes, so you own your lot and home but share responsibility for common areas.

• What you own & maintain: You own your townhome lot and are responsible for maintaining your unit and any utility lines not publicly maintained. The association maintains common areas, private streets, sidewalks, and certain retaining walls, and may enter your lot for maintenance with notice.
• Assessments & fees: The HOA levies annual assessments, which can increase automatically by up to 10% each year unless the board sets a lower amount. Special assessments require a two-thirds vote of Class A members, and a working capital contribution is collected at the initial sale of each home.
• Leasing & rentals: The declaration does not restrict leasing, but tenants must occupy the home as their principal residence to use common areas. Owners are responsible for their tenants' compliance with rules.
• Common areas & amenities: Common areas include private streets, sidewalks, mail kiosks, and any recreational amenities built by the developer. Owners have an easement to use these areas, subject to association rules and potential fees.
• Architectural review: The declaration does not establish an architectural review committee, but the association may adopt rules and regulations. Owners must obtain written consent before altering common areas or removing trees/vegetation on common property.
• Parking & vehicles: The document does not specify parking rules, but the association may adopt rules and regulations regarding common areas, which could include parking restrictions.
• What this document doesn't cover: This excerpt does not include details on pet restrictions, age restrictions, or specific architectural guidelines. Those may be covered in other governing documents or rules adopted by the board.

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.