Homeplaceiv

What Homeplaceiv's governing documents say

Homeplace IV is a townhome community in Durham County, NC, governed by a homeowners association (the Homeplace IV Townhomes Association). This declaration sets out the rules for owners, including assessments, maintenance responsibilities, and use restrictions. It is part of a larger master-planned community (Woodcroft) with additional covenants.

• What you own & maintain: You own your townhome and lot, but the association handles exterior maintenance (painting, roofs, gutters, landscaping) and common areas. You may maintain a fenced rear yard at your own expense, but front-yard vegetation requires approval.
• Assessments & fees: Annual assessments are set by the board, with a 10% annual increase cap without member vote. Special assessments for capital improvements or townhome reconstruction require a two-thirds vote. At closing, the Declarant collects two months of assessments.
• Architectural review: Any exterior changes (fences, structures, alterations) need written approval from the Declarant or the board/architectural committee. If no decision within 30 days, approval is deemed given.
• Parking & vehicles: The association regulates parking on common areas. Boats, trailers, campers, motor homes, trucks, airplanes, and tractors cannot be parked on streets or regularly on properties except in designated areas.
• Use restrictions: Townhomes are for single-family residential use only. No business, industry, or trade is allowed, except with board approval. No signs, no activities that increase insurance rates, and no nuisances.
• Party walls: Shared walls between townhomes are party walls. Repair and maintenance costs are shared proportionally, and disputes go to arbitration.
• What this document doesn't cover: This is a partial excerpt of the declaration. It does not include the full text of the Woodcroft Declaration, the association's bylaws, or any current fee amounts or rules. It also doesn't specify pet rules, leasing restrictions, or age restrictions.

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.