Somerset Spring Community Association Inc

What Somerset Spring Community Association Inc's governing documents say

This is a declaration of covenants, conditions, and restrictions for Somerset Spring, a single-family home community in Raleigh, NC, governed by the Somerset Spring Community Association, Inc. It applies to all lot owners in the subdivision, who are automatically members of the association.

• What you own & maintain: You own your lot and the dwelling on it; the association owns and maintains the common areas, including storm water facilities, and carries liability insurance of at least $1,000,000.
• Assessments & fees: Annual assessments are set by the board, with a maximum of $96 per Class A lot (as of 1996) and can increase up to 10% per year without a vote; special assessments require a two-thirds vote. A working capital fee equal to one-sixth of the annual assessment is due at initial sale.
• Leasing & rentals: If you lease your home, your vote on association matters is limited to 49% weight, but there is no minimum lease term or prohibition on renting.
• Architectural review: Any exterior changes, including fences, additions, or major landscaping, require written approval from the Declarant (or later the board/committee) before starting; approval is deemed given if not acted on within 30 days, and a fee up to $75 may be charged.
• Common area use: Owners have a right to use the common areas, but the association can charge fees, limit use to residents and guests, and suspend voting rights for unpaid assessments or rule violations (up to 60 days).
• What this document doesn't cover: This excerpt does not include rules on pets, parking, noise, or other day-to-day conduct; those may be in separate rules and regulations adopted by the board.

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.