Falls River Community Association Inc

What Falls River Community Association Inc's governing documents say

Falls River is a large master-planned community in Raleigh, NC, governed by a homeowners association (the Falls River Community Association). This declaration applies to all property within the community, including residential lots, townhomes, apartments, and commercial sites. It establishes the association's structure, voting rights, and rules for common areas and assessments.

• Community type & governance: This is a master-planned community with a single association (Falls River Community Association, Inc.) that oversees common areas and enforces the covenants. The developer retains significant control during the development period (through at least 2015), including the right to add land and modify the master plan.
• Who must join & voting rights: All property owners (and tenants, in some cases) are members of the association. Voting rights vary by property type: owners of single-family homes and condos get 2 votes per unit, while owners of commercial or multi-family properties get votes based on the amount of annual assessments paid. The developer has a special membership class that can elect a portion of the board.
• Common areas & amenities: The association owns and maintains 'Common Properties' (open to all members) and 'Restricted Common Properties' (limited to owners of residential lots and homes). These may include parks, trails, pools, tennis courts, and other recreational facilities, but the declaration does not guarantee any specific amenities will be built.
• Assessments & fees: The association can levy annual and special assessments on all property owners to fund maintenance and operations. The declaration does not specify the amount of the annual assessment, but it sets limits on how much the board can increase it without member approval. The association can also charge fees for use of recreational facilities.
• Use restrictions: The declaration does not list specific use restrictions (like pet limits or rental restrictions) in this excerpt. However, it establishes that all property is subject to the covenants, and the association has the power to adopt rules and regulations. The document also references a separate 'Declaration of Rights, Restrictions, Affirmative Obligations and Conditions' that may contain additional restrictions.
• What this document doesn't cover: This is an excerpt from the master declaration, so it does not include the full set of rules for homeowners, such as architectural guidelines, rental restrictions, or specific pet policies. Those may be found in other governing documents or association rules.

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.