Park Village

What Park Village's governing documents say

Park Village is a single-family-home subdivision in Cary, NC, governed by a homeowners association (HOA). This declaration of covenants, conditions, and restrictions creates the HOA and sets rules that apply to all lot owners — meaning anyone who buys a home here automatically agrees to follow them. It also includes an architectural control process for changes to the outside of your home.

• What you own & the HOA's role: You own your lot and the house on it. The HOA owns and maintains the common properties (like private streets, lakes, and landscaped areas) and can assess fees to cover those costs.
• Architectural review (ACC): Before making any exterior change — such as painting, fencing, decks, landscaping, roofing, or adding a shed — you must submit an application to the Architectural Control Committee (ACC) with detailed plans, materials, colors, and signatures (or certified-mail proof of notification) from all adjoining property owners. Renters cannot sign; only the homeowner can. The ACC meets monthly, and you have 90 days to start and 180 days to finish an approved project.
• Assessments & fees: Each lot owner must pay annual and special assessments set by the HOA. Unpaid assessments become a lien on the property and a personal debt of the owner. The HOA can also impose fines for rule violations, which are treated as special assessments.
• Lake rules: Motorized boats over 14 feet are not allowed on the lakes (except for HOA maintenance). No boats may be stored on common property, net fishing is banned, and no substances may be dumped into the lake. The HOA is not responsible for supervising lake activities — each owner must supervise their family, guests, and tenants.
• Leasing & rentals: The document does not set a minimum lease term or restrict the number of rentals. However, tenants must follow all HOA rules, and the owner remains responsible for assessments and any violations.
• Amendment & duration: The covenants run for 35 years from recording (1993) and can be extended in 10-year increments by a majority of lot owners. Amendments require a two-thirds vote of all HOA members, with Declarant consent required before 2000. The Declarant (builder) had special voting rights and control until December 31, 2000.

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.