Wexford Reserve Homeowners Association Inc

What Wexford Reserve Homeowners Association Inc's governing documents say

Wexford Reserve is a single-family home HOA in Wake Forest, NC, governed by a Declaration of Covenants, Conditions, Restrictions, Easements, Charges and Liens. This document establishes the HOA, defines common areas, sets up assessments, and includes rules for property use and maintenance. It applies to all lot owners in the community.

• What you own & maintain: You own your lot and dwelling. The HOA maintains common areas like stormwater measures, entrance signage, mailbox kiosks, walking paths, and any shared driveways. You must maintain your own property and any common area easements on your lot, and you can't alter common areas without HOA approval.
• Assessments & fees: Annual assessments start at $960 per Class A lot (owner-occupied homes) and can be adjusted annually, with a minimum of $960. Special assessments require a two-thirds vote of Class A members. The HOA can also levy individual special assessments for fines or damage. Assessments are used for common area maintenance, insurance, and reserves.
• Voting & membership: Each lot owner gets one vote per lot, but if you rent out your home or leave it vacant, your vote is capped at 49% weight on any matter. The developer (Declarant) has 20 votes per lot it owns until the Declarant Control Period ends (no later than December 31, 2038, unless extended). Builders get one vote per lot they own.
• Leasing & rentals: The declaration doesn't restrict leasing, but if you rent out your home, your voting rights are reduced as noted. Tenants can use common areas, but you remain responsible for their actions.
• Architectural review: The declaration mentions Architectural Guidelines as part of the governing documents, but this excerpt doesn't detail specific review processes or restrictions. You'll need to check the full guidelines for rules on exterior changes.
• Common area use & restrictions: Owners have a right to use common areas, but the HOA can suspend use rights for unpaid assessments (after 30 days) or rule violations (up to 60 days). You can't remove trees, erect structures, or plant on common areas without written HOA consent.
• What this document doesn't cover: This excerpt doesn't include specific rules on pets, parking, noise, or architectural standards. It also doesn't specify any age restrictions or rental minimums. Those may be in other sections of the declaration or in separate rules and regulations.

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.