Towns at Bedford at Falls River Homeowners Association Inc

What Towns at Bedford at Falls River Homeowners Association Inc's governing documents say

This is the declaration for the Towns at Bedford at Falls River, a townhome (attached single-family) community within the larger master-planned Bedford at Falls River development in Raleigh, NC. It creates a sub-association responsible for maintaining the exterior of the units, the sub-association common area (private streets, stormwater facilities, etc.), and the landscaping — while owners own their lots and interiors.

• Who this binds & what you own: Owners hold fee simple title to their Lot (the land) and a dwelling/unit on it. The association maintains all exterior surfaces, roofs, gutters, landscaping (except inside fenced areas), and common area. Owners are responsible for everything inside the unit and for any glass, fences, or improvements not part of original construction.
• Leasing & rentals: The document does not restrict the length or number of leases. Tenants may use the common area if the unit is their principal residence in Wake County. Vacant or leased units owned by non-developer members get reduced voting weight — their vote cannot exceed 49% on any association matter.
• Pets: A reasonable number of cats, dogs, and other household pets are allowed, but not for commercial breeding or keeping. Animals must be leashed outside the dwelling, must not stray onto other lots, and owners must clean up excrement. No livestock or poultry.
• Parking & vehicles: No street parking except in designated paved spaces. No boats, RVs, campers, commercial vehicles, or trucks over 1 ton may be kept on any lot or street for more than 10 hours or overnight. Inoperable or abandoned vehicles are banned. Owners must register vehicle info with the association.
• Signs & antennae: One real estate sign (max 10 sq. ft.) and temporary political signs (60 days before election, removed 2 days after) per lot are allowed. Satellite dishes are permitted under FCC rules but must be in rear or side yard, screened from streets, and approved per the master declaration’s architectural review.
• Architectural review & party walls: All improvements or changes must be approved under the master association's architectural standards. Party walls between units are shared: repair costs are split in proportion to use, and owners have a right to enter adjoining lots for necessary wall maintenance (with reasonable notice).
• Assessments & fees: Annual assessments started at $1,200 per Class A (owner-occupied) lot in 2003, with a 10% annual cap increase without member vote. Special assessments require 2/3 of Class A votes plus Class B (developer) approval. Late payments incur interest (max 18% APR) and a 15% surcharge on emergency repairs. A working capital fee of 1/6 of the then-annual assessment is due at initial sale.
• What this document doesn't cover: This declaration does not set specific age restrictions, income or rent limits, or leasing minimum terms. It is a sub-association document; the master association’s declaration and rules may impose additional restrictions on things like architectural control and overall community amenities.

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.