Compass Pointe

What Compass Pointe's governing documents say

Compass Pointe is a master-planned community in Bolivia, NC, governed by a Master Declaration of Covenants, Conditions, and Restrictions. This document establishes a master association (Compass Pointe Master Association, Inc.) that oversees common areas, enforces rules, and levies assessments on all homeowners. It applies to all owners, residents, tenants, and guests within the community.

• Community structure & governance: The community is a planned development with a master association and may include neighborhoods with their own associations. The master association manages common areas, enforces rules, and collects assessments. The developer (Declarant) retains significant control during the Class 'B' Control Period, which ends when 80% of units are sold to non-builder owners, by 2064, or earlier at Declarant's discretion.
• Leasing & rentals: Leases for less than six months are prohibited, unless authorized by the Board. The Board may require approved lease forms but cannot charge excessive fees. Short-term rentals for marketing purposes are allowed. Declarant may modify these rules for certain neighborhoods via Supplemental Declaration.
• Architectural review: All exterior structures, landscaping, and alterations require prior written approval from the Architectural Review Committee (ARC) or Declarant. The ARC has sole discretion over aesthetics, and decisions are final if made in good faith. Minimum heated square footage requirements apply (e.g., 1,700 sq ft for one-story, 2,000 sq ft for two-story in initial phases). Construction must be completed within one year of approval.
• Maintenance responsibilities: Owners must maintain their units, landscaping, and adjacent common areas (up to 25 feet from the unit boundary) consistent with community standards. The master association maintains common areas and may assume maintenance of neighborhood property if standards are not met. Owners must carry property insurance for full replacement cost unless the association provides it.
• Assessments & fees: The master association levies base assessments on all units for common expenses, plus neighborhood assessments for specific benefits. Special and specific assessments may also be imposed. Assessments are a lien on the property. A working capital fee may be charged to new owners.
• Use restrictions & rules: The Board may adopt and modify rules governing conduct, signs, flags, and household composition. Political signs are permitted at least 45 days before an election and up to 7 days after, with size limits (minimum one sign up to 24x24 inches). American or North Carolina flags up to 4x6 feet may be flown on a pole no longer than 5.5 feet attached to the home. No rule may prohibit leasing or transfer of units, but short-term rentals under six months are restricted.
• Pets: The document does not specify pet restrictions; such rules would be in the initial Restrictions and Rules (Exhibit C) or adopted by the Board.
• What this document doesn't cover: This is the master declaration; specific rules on pets, parking, noise, and other day-to-day conduct are in the initial Restrictions and Rules (Exhibit C) and may be amended by the Board. Age restrictions, if any, are not mentioned. The document also does not detail amenities or their fees.

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.