Austincreek

What Austincreek's governing documents say

This is a declaration of covenants, conditions, and restrictions for Villas of Austin Creek, a planned community of attached single-family homes in Wake Forest, NC. It creates a homeowners association (HOA) that all lot owners automatically join, and it sets out the rules for assessments, maintenance, and community standards. This document is part of a larger master-planned community and is subject to a separate master declaration.

• What you own & maintain: You own your lot and the home on it, and you're responsible for maintaining your home, lawn, landscaping, fences, and keeping the lot clean and free of debris. The HOA maintains common areas, entry features, street medians, and private streets.
• HOA fees & assessments: The HOA charges annual assessments to cover common expenses. The maximum annual assessment was $1,800 per lot through 2006, and can increase up to 10% per year without member approval. Special assessments for capital improvements require a two-thirds vote of members. There's also an initiation fee of up to two months' assessments due at the closing of a home sale.
• Late fees & liens: If you don't pay assessments, you'll incur a late charge of $20 per month or 10% interest, and the HOA can place a lien on your property and foreclose if unpaid after 60 days.
• HOA powers & rules: The HOA can make and enforce rules about common areas, and can fine owners for violations. It can also perform maintenance on your property if you fail to do so, and charge you for it.
• Developer control: The developer (Declarant) controls the HOA board until 75% of lots have certificates of occupancy or December 31, 2015, whichever comes first. During that time, the developer can make many decisions without homeowner approval.
• What this document doesn't cover: This excerpt doesn't include details on architectural review, leasing restrictions, pet rules, or age restrictions. Those may be covered in other sections of this declaration or in the master declaration.

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.