Falls Creek

What Falls Creek's governing documents say

Falls Creek is a planned single-family home community in Youngsville, NC, governed by a homeowners association (HOA). The rules apply to all lot owners and their tenants, and cover property use, assessments, and architectural standards.

• What you own & maintain: You own your lot and dwelling; the association maintains common areas, including stormwater facilities and private streets, funded by assessments.
• Assessments & fees: Annual assessments are uniform per lot, with a maximum of $550 until Jan 2017, then can rise up to 20% yearly without a vote. Special assessments for capital improvements require a 2/3 vote. A working capital fee equal to two months of assessments is due at closing.
• Leasing & rentals: Leases must be in writing, for at least 180 days, and copies must be given to the association. Tenants must comply with all rules.
• Parking & vehicles: Street parking is prohibited; garages must be used for parking, not storage. Boats, trailers, campers, and large trucks cannot be parked on streets or regularly on lots except in enclosed garages.
• Architectural review: Any exterior changes—buildings, fences, landscaping, paint colors, etc.—require written approval from the Architectural Control Committee, which can charge a review fee.
• Pets & other restrictions: The document does not specify pet limits or other common restrictions; the board may adopt rules for common areas and lots.
• Enforcement & fines: The board can fine for violations: $50 for first, $100 for second, and $100 per week for continuing violations. Unpaid fines become liens on the lot.
• What this document doesn't cover: This excerpt is partial; it does not include details on amenities, age restrictions, or specific architectural guidelines.

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.