Copper Pond Homeowners Association of Fuquay-Varina, Inc.

Key facts from Copper Pond Homeowners Association of Fuquay-Varina, Inc.'s documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Homeowners Association) (Association name; Article I Section 1)

Units / lots

17 residential lots (Lots 1-8 and 14-22); plus two common area lots (9 and 10) (Recitals; Article I Section 2)

Assessments & dues

Not less than $500 per lot per year (Article VI (Homeowners Association) firs)

Special assessments

Board may levy special assessment for capital improvements to common area (Article VI Section 3)

Collections & liens

Assessments are a continuing lien on the lot; after 90 days, Association may bring action or foreclose; interest, costs, reasonable attorney's fees added; lien subordinate to first mortgages (Article VI Section 6-7)

Reserves & fees

Interest at 12% per annum from due date; plus late charge as established by Board (Article VI Section 6)

Pets

Dogs, cats, or other household pets permitted; not to be bred or maintained for commercial purposes; no livestock, poultry, or animals of any kind (Article III Section 14)

Fences

Chain link and privacy fences prohibited; other fences require written approval from Declarant or Architectural Committee (Article III Section 6)

Architectural approval

Developer approval required for any construction, exterior change, fence, etc.; after Declarant control, Architectural Control Committee (Article III Section 4, Section 6; Bylaws)

Setbacks / home size

All structures must comply with setbacks on recorded plat; eaves, steps, overhangs, chimneys considered part of building; setbacks may be varied by Developer or up to 10% with written consent (Article III Section 5)

Use restrictions

All lots shall be used for residential purposes only; no business or commercial uses; exception for developer model home/sales office (Article III Section 2)

Voting & meetings

Class A (owners of lots other than Declarant): 1 vote per lot; Class B (Declarant): 8 votes per lot (Article I Section 4)

Amendments

By written instrument signed by all owners of lots requesting change, majority of owners within 90 feet, and Developer; or during first 20 years by Developer's written consent if still owns a lot; covenants automatically renew for 10-year p (Article V Section 2 (General Provisions))

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