Homeplaceiandii

Key facts from Homeplaceiandii's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

The Homeplace Townhomes Association, Inc. (Article I, Section 1)

Units / lots

Maximum 210 lots (including annexed properties) (Article II, Section 2)

Developer / declarant

Hoying-Huff Investment Properties, Inc. (Preamble)

Assessments & dues

Initial annual assessment not to exceed $600.00 per Lot in Use through December 31, 1984. (Article VI, Section 3(a))

Special assessments

Special assessments for capital improvements require 2/3 vote of each class; special assessments for purchase/reconstruction of townhomes require 66-2/3% of each class present and voting. (Article VI, Sections 4, 5(a))

Collections & liens

Assessments are a continuing lien on the lot; Association may bring action against owner personally and may foreclose if law permits. Lien subordinate to first mortgages. (Article VI, Sections 1, 9, 10)

Reserves & fees

Association required to establish and maintain adequate reserve fund for periodic maintenance, repair, replacement of common area improvements. (Article VI, Section 3(d))

Parking & vehicles

Association may regulate all parking on Common Area; no boats, trailers, campers, motor homes, trucks, or tractors owned by member/guests/family parked within right of way of public/private streets; not regularly parked on Properties except (Article V, Section 4)

Fences

Fences require prior Association approval; fences/screens must not unreasonably obstruct another owner's view. (Article VII; Article IX)

Architectural approval

No site preparation or initial construction without written approval of Declarant; subsequent alterations require Board or Architectural Committee approval. (Article IX)

Home business

Resident may operate an office in his townhome with Board approval and necessary governmental approvals. (Article X, Section 2(a))

Signs & flags

No signs, placards, posters, billboards, or identifying names/numbers displayed to public view except as allowed by Association rules; 'For Sale' or 'For Rent' signs allowed per Board terms; Declarant may place signs on unsold units and dur (Article X, Section 2(f))

Maintenance

Association responsible for exterior maintenance (stain/paint, roofs, walks, trees, shrubs, grass, gutters) and common areas; owner responsible for interior and for damage caused by owner's negligence or certain casualties. (Article VII)

Insurance

Association obtains hazard insurance on common area buildings/improvements; public liability and property damage insurance with minimum $1 million per occurrence. (Article XIII, Section 3)

Use restrictions

Each townhome shall be used as a single-family residence and for no other purpose; Declarant may use townhomes for offices/model homes; resident may operate office with Board approval and necessary permits. (Article X, Section 2(a))

Voting & meetings

Class A members (all owners except Declarant) have one vote per Lot; Class B member (Declarant) has three votes per Lot owned. Class B converts to Class A when Class A votes equal Class B votes or on December 31, 1989, whichever first. (Article IV, Section 1)

Amendments

During first 20 years, amendment requires 90% of lot owners; thereafter 75%; Board may amend without consent to correct obvious errors; amendments recorded in Durham County Registry and effective upon recordation. (Article XIII, Section 6)

Amenities

Common Area includes amenities for use of members; specific amenities not enumerated. (Article I, Section 15)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.