Preston Grande Villas Townhomes Association Inc

What Preston Grande Villas Townhomes Association Inc's governing documents say

This is the declaration of covenants, conditions, and restrictions for Preston Grande Villas & Townhomes, a townhome and villa community in Morrisville, NC. It creates a homeowners association (HOA) that maintains common areas and enforces rules for all owners and residents.

• What you own & maintain: You own your lot and dwelling, but the association maintains the common areas, front yard landscaping, and some exterior items like stained doors and driveway cracks over 3/8 inch. You are responsible for all other maintenance, and the HOA can enter your property to fix issues and charge you.
• Assessments & fees: Annual assessments started at $70 per lot in 1999 and can increase up to 10% per year without a vote. Special assessments require a two-thirds vote of Class A members. There is also a one-time working capital fee equal to one-sixth of the annual assessment at closing.
• Leasing & rentals: You may lease your home, but if you don't live there or it's rented, your vote is limited to 49% on any association matter. The declaration does not set a minimum lease term.
• Architectural review: Before making any exterior changes, major landscaping, or building anything, you must get written approval from the Declarant (or later the HOA). Approval is automatic if not acted on within 30 days. A fee up to $75 may be charged.
• Use restrictions: No businesses, no temporary structures, no signs except small sale/rent or political signs, no satellite dishes or antennas without approval, no clotheslines, and no animals except household pets (not for commercial purposes). Garbage cans must be hidden from street view.
• Parking & vehicles: The declaration mentions parking in the table of contents but the provided text is cut off before the details. It likely restricts parking to designated areas and prohibits inoperable vehicles.
• What this document doesn't cover: This excerpt is incomplete—it cuts off mid-sentence in the use restrictions section. It does not include full details on parking, fines, or rules adoption, which are listed in the table of contents but not provided.

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.