Perry Creek Townhomes LLC

What Perry Creek Townhomes LLC's governing documents say

This is a declaration of covenants, conditions, and restrictions for Perry Creek Commons, a townhome community in Raleigh, NC, with an HOA (Perry Creek Commons Association). It binds all lot owners, including townhome owners, and covers assessments, use restrictions, and common area rights.

• What you own & maintain: You own your lot (townhome lot) and have rights to common areas, but limited common areas (like driveways and walkways serving your townhome) are maintained at your expense, not the HOA's.
• Assessments & fees: Annual and special assessments are levied per lot, with a maximum annual assessment of $7.16 per lot initially, adjustable by CPI (max 12% per year) or by a two-thirds member vote. Special assessments for capital improvements require a two-thirds vote. Delinquent assessments accrue 12% annual interest and can become a lien on your property.
• Use restrictions: No immoral, improper, offensive, or unlawful use of property; no obnoxious or offensive activity that becomes a nuisance. Alterations to common areas require written consent from the Declarant or Association.
• Voting & membership: Each lot gets one vote in the HOA. The Declarant (builder) has Class B voting rights with 3 votes per lot until January 1, 2007, or until Class A votes equal Class B votes, whichever comes first.
• Annexation & expansion: The Declarant can annex additional land to the community without member approval within 10 years of the Association's incorporation, subject to certain conditions and City of Raleigh approval.
• Amendments: The declaration runs for 20 years and auto-renews every 10 years. Amendments require 90% owner approval during the first 20 years, then 75% thereafter. The Declarant can amend without owner approval to comply with government or lender requirements.
• What this document doesn't cover: This excerpt does not include specific rules about pets, leasing, parking, or architectural review—those may be in the Association's bylaws or separate 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.