Fairlake Community Association

What Fairlake Community Association's governing documents say

Fairlake Community Association is a single-family residential HOA in Wake Forest, NC, governed by a Declaration of Covenants, Conditions, and Restrictions. It applies to all homeowners in the community, who are automatically members and subject to assessments and use restrictions.

• Assessments & fees: Annual assessments start at $240 per lot (1997), can increase up to 5% per year without member vote, and special assessments require 67% approval. Assessments are a lien on the property and must be paid within 30 days of invoice.
• Use of property: Properties are for residential use only. No obnoxious or offensive activities, and no animals kept for commercial purposes. Pets (dogs, cats, household pets) are allowed if controlled per local ordinances.
• Architectural review: Any construction, alteration, or improvement (including fences and outbuildings) requires prior written approval from the Declarant or Architectural Committee, which can deny based on aesthetic grounds. Approval is deemed granted if no response within 30 days.
• Building & lot standards: Minimum enclosed dwelling area is 1,300 sq ft for single-level homes and 4,500 sq ft for multi-level. Impervious surface area cannot exceed 21% of the lot. Setbacks follow Wake Forest zoning.
• Common areas & amenities: All owners have an easement to use common areas, but the Association can charge fees for recreational facilities and suspend use rights for unpaid assessments or rule violations. Lakes and ponds are for aesthetic use only—no swimming, boating, or personal flotation devices.
• Leasing & rentals: The document does not restrict leasing or rentals, but owners may delegate their common area use rights to tenants. No minimum lease term is specified.
• What this document doesn't cover: This excerpt does not include details on rental restrictions, parking rules, or specific pet limits beyond the general allowance. It also omits the full text of the architectural guidelines and any rules about signs, which are referenced but not fully detailed.

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.