751 South Townhomes

What 751 South Townhomes's governing documents say

751 South Townhomes is a townhome (attached-home) community in Durham, NC. You own your lot and the townhome on it, and the association maintains shared common elements. This file contains the main Declaration of Covenants (the rulebook) and Bylaws for the Townhome Owners Association, plus a First Amendment to a Supplemental Declaration adding a one-time capital recovery charge for exterior deck treatment in one phase (Phase 1B). There is also a separate Master Association (751 South Community Association) that may provide additional amenities and rules.

• What you own & maintain: You own your Lot and the townhome building on it. The Association maintains the Townhome Common Elements (shared areas like private streets, open space, stormwater systems) and may also maintain exterior aspects of the buildings. You are responsible for your Lot and interior, and must pay assessments to cover common expenses.
• Assessments & fees: Annual assessments start at a maximum of $1,200 per living unit (2018) and can increase up to 12% per year without member vote. There is also a Refurbishment Assessment up to $500 per Lot, levied no more than once every five years. A Special Capital Assessment up to $500 per Lot may be levied in emergencies. The Phase 1B amendment adds a one-time $875 capital recovery charge for exterior deck treatment, payable by the initial consumer-occupant buyer at sale.
• Leasing & rentals: The Declaration does not specify a minimum lease term or other rental restrictions in the excerpts provided. Owners may delegate use of common elements to tenants, but specific rental rules may exist in the full Declaration or Association rules.
• Pets, vehicles & parking: No specific pet or vehicle rules appear in these documents. The Declaration references the Association's right to regulate parking and impose rules, but the details are not in this excerpt.
• Architectural review: The Bylaws give the Board of Directors power to review and approve architectural changes, alterations, or modifications of Lots and improvements. Detailed standards are not in these excerpts.
• Voting & board control: Each Lot gets one vote in the Association. The Declarant (751 South, Inc.) holds Class B membership with six votes per owned lot until the earlier of when Class A votes equal Class B or ten years from the Declaration's recording (2018). During that time, Declarant appoints the Board. After transition, homeowners elect directors. Sixty-seven percent (67%) vote of members needed to amend Bylaws or approve certain actions.
• Common elements & amenities: Townhome Common Elements include private streets, open space, common areas, stormwater systems, and limited common elements like driveways and walkways serving specific lots. There is also a Master Association (751 South Community Association) that may provide additional shared amenities, but its rules are not in these documents.
• What this document doesn't cover: These excerpts do not include specific rules on pets, parking limits, rental restrictions (beyond lease minimums), noise, garbage, holiday decorations, or the Master Association's separate governing documents. The full Declaration and Rules & Regulations would contain those details.

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.