Myers Point Townes Homeowners Association Inc

What Myers Point Townes Homeowners Association Inc's governing documents say

Myers Point Townes is a planned community of attached single-family townhomes in Morrisville, NC, governed by a homeowners association (HOA). The HOA's recorded declaration — from which this excerpt is taken — sets out the binding rules for homeowners, covering assessments, maintenance, architectural control, use restrictions, and the developer's rights. This is a foundational governing document, but it is not the complete rulebook; the community also has bylaws, architectural guidelines, rules and regulations, and annexation documents that supplement or modify these terms.

• What you own & maintain: You own your lot and dwelling; the HOA maintains the exterior of each dwelling (roofs, gutters, paint, exterior walls — but not glass, windows, screen doors, or doors) and the yard improvements (grass, shrubs, landscaping, sidewalks, driveways, parking areas) installed by the developer or approved by the HOA. The HOA also maintains all common areas, retaining walls, stormwater facilities, and any recreational amenities the developer builds. Owners are responsible for interior maintenance, fences, utility lines to their lot, and any damage caused by their own negligence or that of their tenants or guests.
• Assessments & fees: Every owner must pay annual assessments, which for 2019 were $1,560 per Class A lot. The HOA can also levy special assessments (approved by two-thirds of Class A members voting) and individual special assessments for violations or damage. A one-time working capital contribution of $300 is collected at the initial sale of each dwelling. Assessments are a continuing lien on the lot, and the HOA can foreclose if unpaid; late fees, interest, and collection costs (including attorneys' fees) are added.
• Architectural review: No exterior construction, alteration, or major landscaping may begin without written approval from the Declarant (or its delegate). Plans and specifications must be submitted; approval is deemed denied if not acted on within 30 days. The Declarant may charge a fee of up to $150 per application and may employ a professional to review plans. The Declarant is exempt from these requirements. Fences must comply with the town code and be approved; chain-link fences are not permitted.
• Use restrictions: Lots are for residential use only; no businesses or commercial activities are allowed (except showing the home for sale or lease, and the developer's sales/construction activities). Temporary structures, trailers, basements, shacks, tents, garages, or barns may not be used as residences. Parking is only permitted on paved driveways, garages, carports, or approved parking pads (design for no more than two vehicles). No boats, recreational vehicles, commercial vehicles, or trailers may be parked on streets or lots unless kept inside a garage with the door closed.
• Leasing & rentals: The declaration permits leasing, but if a lot is not occupied by the owner as a personal residence, the owner's voting rights are limited to 49% on any matter before the Association. Tenants may use common areas and have the same rights as owners for access and common area use.
• Declarant control period: The developer (Declarant) retains control of the HOA until the earlier of December 31, 2038 (which it may extend by up to five years), the date 120 days after all lots have been sold to homeowners, or the transfer of all special declarant rights. During this period, Declarant appoints all directors and officers, can unilaterally annex additional land, and controls architectural approval.
• What this document doesn't cover: This excerpt of the declaration does not provide the full text of the HOA's bylaws, architectural guidelines, rules and regulations, or any annexation declarations. It also lacks specific details on pet restrictions, short-term rental policies (e.g., minimum lease terms), age restrictions, or any amenity or pool rules. Those important specifics may be found in those other governing documents.

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.