Townhomesatcoleplace

What Townhomesatcoleplace's governing documents say

This is the amended and restated declaration of covenants, conditions, and restrictions for Townhomes at Cole Park, a townhome community in Chatham County, North Carolina. It governs the owners' association, property rights, assessments, maintenance responsibilities, and use restrictions for all townhome lots. This document is the full rulebook for the community, binding all owners and their tenants.

• What you own & maintain: You own your townhome lot and the building's interior; the association maintains the common areas, exterior building surfaces (painting, roofs, foundations), and lawn care (mowing, mulching, pruning) on individual lots. You are responsible for windows, doors, skylights, electrical fixtures, and any landscaping inside a fenced area.
• Assessments & fees: The initial annual assessment was $720, payable quarterly, plus a one-time $120 capitalization charge at closing. The board can increase annual assessments by up to 10% per year without a two-thirds owner vote; special assessments for capital improvements require a two-thirds vote.
• Leasing & rentals: The declaration does not restrict leasing terms or require board approval for rentals, but all owners must comply with the rules and regulations. No minimum lease term is stated.
• Pets: The board has the power to adopt rules that prohibit or limit the types of animals or household pets kept on lots or in living units, and to govern their presence on common areas.
• Architectural review: No building, fence, wall, or other structure, nor any exterior change or landscaping alteration (except inside a fenced area), may be made without written approval from the board or an architectural review committee. Approval is deemed given if not acted on within 60 days.
• Use restrictions: Lots may only be used for residential purposes permitted by zoning. No noxious, offensive, or illegal activities are allowed. Temporary structures (trailers, tents, shacks) cannot be used for habitation. Commercial signs are prohibited except for a 'For Sale' or 'For Rent' sign no larger than 2 feet by 3 feet.
• Insurance: The association must carry master property insurance covering all buildings and improvements at 100% of insurable replacement value, plus liability insurance of at least $1,000,000 per occurrence. Owners may obtain their own coverage for personal property and liability.
• What this document doesn't cover: This document does not specify any age restrictions, income limits, or rental caps. It also does not detail parking rules, noise restrictions, or specific pet policies—those are left to board-adopted 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.