Devon Square Owners Association Inc

What Devon Square Owners Association Inc's governing documents say

Devon Square is a planned residential community in Wake Forest, NC, with both single-family detached homes and attached townhomes. It is governed by a homeowners association (Devon Square Owners Association, Inc.) under the North Carolina Planned Community Act. This declaration sets out the rules and restrictions that apply to all owners, residents, and guests.

• What you own & maintain: You own your lot and home; the association owns and maintains the common areas (e.g., streets, amenities, stormwater facilities). For townhomes, party walls are shared, and repair costs are split equally between adjoining owners.
• Leasing & rentals: You may rent your home, but leases must be in writing for at least six months, and you must notify the association with tenant info and a copy of the lease. No short-term rentals (under 30 days) are allowed, and owners who rent lose access to common facilities while the property is rented.
• Architectural review: An Architectural Control Committee (ACC) must approve new construction, modifications, and alterations. All utility lines to lots must be underground.
• Fines & enforcement: The association can fine up to $100 per day for violations (after a 5-day grace period), suspend voting and common-area use, and use self-help to cure violations. It can also suspend services if you're more than 30 days delinquent on assessments.
• Assessments: All owners pay annual assessments to cover common expenses, including maintenance, insurance, and reserves. Special assessments may also be levied. Unpaid assessments can lead to liens and foreclosure.
• Use restrictions: Lots cannot be subdivided or used for time-sharing. No 'For Rent' signs are allowed on your property. The declaration also regulates flags and political signs (per the notice on the first page).
• What this document doesn't cover: This excerpt does not include specific fee amounts, pet rules, parking rules, or age restrictions. It also doesn't include the full text of the bylaws or rules and regulations, which may contain additional requirements.

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.