Villages at Austin Creek

What Villages at Austin Creek's governing documents say

This is a Declaration of Covenants, Conditions and Restrictions for Villages at Austin Creek, a planned community of attached single-family homes in Wake Forest, NC. It establishes a homeowners association (HOA) that all lot owners automatically join, and it governs maintenance, assessments, and community standards. This document is part of a larger set of rules—it references a separate Master Declaration that also applies.

• What you own & maintain: You own your lot and home, and you're responsible for maintaining your dwelling, lawn, landscaping, and fences. The HOA maintains common areas, entry features, street medians, and private streets.
• HOA fees & assessments: Annual assessments are set by the Board, with a maximum that can increase up to 10% per year without member vote; larger increases need a 2/3 vote. Special assessments for capital improvements also require a 2/3 vote. Unpaid assessments accrue interest and late fees and become a lien on your property.
• Initiation fee: When you buy a lot, you may be charged an initiation fee up to the equivalent of two months' worth of assessments, set annually by the Board.
• HOA powers & rules: The HOA can make and enforce rules about common areas and community standards, and it can fine owners for violations. It also has the power to maintain certain lots differently, so services may not be uniform.
• Developer control: The developer (Declarant) holds a special Class B membership with full voting power until 75% of lots have certificates of occupancy or December 31, 2015, whichever comes first. During that time, the developer controls the Board and can annex additional property.
• What this document doesn't cover: This excerpt doesn't include details on architectural review, rental restrictions, pet rules, or age restrictions. Those may be covered in the Master Declaration or other governing documents.

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.