Phillips Place Townhomes Homeowners Association I

What Phillips Place Townhomes Homeowners Association I's governing documents say

Phillips Place Townhomes is a planned townhome community in Cary, NC, governed by a homeowners association (HOA). The declaration binds all owners of Lots and their residents, covering shared Common Areas, exterior maintenance, and use restrictions. This is a full rulebook for the community.

• What you own & maintain: You own your Lot and Townhome (a two-or-more-story dwelling sharing party walls). The Association maintains the exterior (roof, paint, caulking) and front/side/back yard landscaping. You maintain everything else inside and out not delegated to the Association, including windows, doors, decks, patios, plumbing, and electrical systems.
• Common Areas & amenities: Common Areas (e.g., private streets, stormwater facilities, recreation areas) are for non-exclusive use by all owners and residents, subject to Association rules. The Association may also contract for use of amenities in other communities. Declarant (builder) controls when and what is built; there is no guarantee any specific amenity will be constructed.
• Assessments & fees: Each Lot pays Common Assessments for shared expenses. Special Assessments may be levied for unbudgeted costs, capital improvements, or casualty restoration. Individual Assessments can be charged for rule violations or damage caused by an owner or their guests. Delinquent assessments may lead to suspension of Common Area use rights (except access and utility easements) and lien enforcement.
• Leasing & rentals: The declaration defines a 'Tenant' as anyone who occupies a Lot for consideration. Tenants are not Association members but must follow the rules. Owners are responsible for their tenants' compliance. No specific minimum lease term is stated in this excerpt, but the Association may adopt rules regulating rentals.
• Pets: This document excerpt does not mention pet restrictions. The Association may adopt rules and regulations regarding pets on Common Areas or Lots.
• Architectural review: An Architectural Review Board (ARB) is established under Article 14 (not fully included here). All exterior modifications require ARB approval. Compliance with the originally approved colors and materials is expected for maintenance repainting.
• Declarant control & developer rights: The Declarant (Lennar Carolinas, LLC) has extensive control until at least 2030, including the right to add, withdraw, or modify property boundaries, Common Areas, and even voting allocations without owner consent. Declarant may also change the development plan at any time with no liability to owners.
• What this document doesn't cover: This excerpt does not specify age restrictions, rent or income limits, specific pet limits, minimum lease terms, or detailed parking regulations. The Association's rules and regulations may address these areas.

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.