Reserve at Compass Pointe The
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What Reserve at Compass Pointe The's governing documents say
The Reserve at Compass Pointe is a planned community in Bolivia, NC, with townhome and patio home units. This document is a Declaration of Protective Covenants that adds neighborhood-specific rules on top of the master community's governing documents. It applies to all owners, residents, and guests.
- What you own & maintain: You own your unit (townhome or patio home) and are responsible for interior and exterior maintenance not assigned to the association. The association maintains common areas, exterior structural elements of townhomes (roofs, siding, paint), and front/rear landscaping for all units.
- Leasing & rentals: Leases for less than six months are prohibited unless the board expressly authorizes them. Any lease must require the tenant to follow all community rules, and the owner remains liable for tenant-caused damage.
- Architectural review: All exterior changes must comply with the community's Design Guidelines and be approved by the Architectural Review Committee (ARC) of the master association. The ARC may adopt additional design standards for this neighborhood.
- Assessments & fees: The association levies general, special, insurance, individual, and service assessments. Upon purchase, a new owner pays a working capital assessment equal to one year's current general assessment. Assessments are a lien on the unit and can be enforced by foreclosure.
- Use restrictions: Units are for residential use only. The board may adopt rules prohibiting activities that create excessive noise, traffic, unsightly conditions, or nuisances. Owners must maintain their property to the community-wide standard.
- Party walls: Walls between attached units are party walls. Repair costs are shared proportionally by the owners who use the wall. Each owner has an easement to enter an adjoining unit for party wall repairs.
- Easements: The declarant, association, and utility providers have easements over units for utilities, drainage, irrigation, and maintenance. Owners must keep easement areas clear of structures or plantings that could interfere.
Key facts from Reserve at Compass Pointe The's documents
- Community type
- Covenant / Planned Community
- Legal name
- The Reserve at Compass Pointe HOA, Inc. (Section 1.2)
- Units / lots
- 186 (98 townhome units and 88 patio units, approximate) (Section 3.3(c) (last paragraph))
- Developer / declarant
- YDV, Inc., a North Carolina Corporation (Opening paragraph; Section 1.10)
- Governing law
- North Carolina Planned Community Act (N.C.G.S. 47F-1-101 et seq.) (Section 1.29, 4.5)
- Special assessments
- Permitted; if over $100 per member per year, requires 67% of members present and voting plus Class C consent (if Class C exists). (Section 9.5)
- Collections & liens
- All assessments constitute a lien on the Unit. Association may foreclose lien in same manner as deed of trust under North Carolina law. (Section 9.10, 9.11)
- Reserves & fees
- Capital reserve budget to be prepared annually for maintenance and replacement of capital improvements. (Section 9.4)
- Leasing & rentals
- Yes, but rentals less than six months are prohibited unless authorized by Board. Lease must bind lessee to covenants. Owner remains liable for damage to Common Area caused by lessee. (Section 2.1 (last paragraph); Section 11)
- Fences
- Not specifically addressed; any structure requires ARC approval. (Article 10 (implied))
- Architectural approval
- Design Guidelines established by Declarant/ARC (Architectural Review Committee of Master Association) apply. Article 10 subjects Property to architectural design standards. ARC approval required for changes. (Article 10; Section 1.11)
- Home business
- Not specifically addressed. Board may prohibit activities not normally associated with residential use (Section 11.4). (Section 11.4)
- Use restrictions
- Units defined as single-family residences (Section 1.38). Activities not normally associated with residential use may be prohibited by Board (Section 11.4). (Section 1.38, 11.4)
- Voting & meetings
- Three classes: Class A (Townhome Owners) – 1 vote per unit; Class B (Patio Home Owners) – 1.55 votes per unit; Class C (Declarant) – multiple votes until control period ends. (Section 3.3(a), (b), (c))
- Amendments
- During Class C Control Period, Declarant may unilaterally annex property (Section 8.1) and adjust covenants with certain limits (Section 8.4). For other amendments, consent of Declarant, Master Association, and two-thirds of Class A and B v (Article 8 generally)
About this HOA
Reserve at Compass Pointe The is a homeowners association in Bolivia, NC.
HOAproxy has 1 document on file for Reserve at Compass Pointe The: 1 CC&R. Last updated 2026-06-10.
Governing documents
- B2896 P350 (30 pages) — PDF