Acorn Creek Homeowners Association Inc

What Acorn Creek Homeowners Association Inc's governing documents say

Acorn Creek is a single-family home HOA in Wendell, NC, governed by a declaration of covenants, conditions, and restrictions. It applies to all lot owners in the subdivision, who are automatically members of the homeowners association. The document sets out the rules for property use, maintenance, assessments, and the association's powers.

• What you own & maintain: You own your lot and dwelling, and are responsible for maintaining your property, including mowing, trimming, and repairs. The association maintains common areas, private streets, and utilities, and may enter your lot to perform maintenance if you fail to do so, charging you the cost plus a 15% administrative fee.
• Assessments & fees: Annual assessments are $1,000 per lot until December 31, 2022, and may be adjusted by the board. Special assessments require a two-thirds vote of members present, and individual special assessments can be levied for damage or violations. A $1,000 working capital contribution is due at the initial sale of each dwelling.
• Leasing & rentals: The declaration does not restrict leasing, but if a dwelling is leased, the owner's vote is limited to 49% on any association matter. Tenants may use common areas as their principal residence in Wake County.
• Architectural review: The declaration mentions architectural guidelines and an architectural review board, but does not detail specific approval processes or restrictions. Owners must comply with any adopted guidelines.
• Common area use: Owners have an easement to use common areas, subject to association rules. The association can suspend voting rights for unpaid assessments (30+ days) or rule infractions (up to 60 days). Owners cannot alter common areas without permission.
• Enforcement & liens: Unpaid assessments become a lien on the lot after 30 days and can be foreclosed. The association can also impose fines and collect costs, including attorney's fees. First mortgage holders are protected from prior assessments after foreclosure.
• What this document doesn't cover: This excerpt does not include specific architectural guidelines, pet rules, parking rules, or age restrictions. Those may be in separate documents or later sections not provided.

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.