Occupancy Limits – How many people can reside in an HOA home at any time,.Landscaping/Lawn Care – Issues such as the types of plants permitted, height and location of trees and how often grass must be mowed,.be fixed or that roof damage be repaired, within a certain amount of time, Home Appearance/Maintenance – Descriptions of how homes must look (to maintain consistency in the community) requirements for prior HOA approval of exterior modifications requirements that broken mailboxes, windows, garage doors, etc. Home Insurance – Requirements that members carry certain types and amounts of home insurance,.Dues and Assessments – Regular periodic dues are paid by members for the HOA’s operating costs and expenses, items like landscaping, maintenance, upkeep and insurance of common areas and shared facilities, and maintaining a reserve fund for emergencies in addition, an HOA may require payment of special assessments by its members, one-time fees to cover unexpected expenses,.While every HOA’s covenants are different, they typically include rules that address most or all of the following: Most often, however, covenants work the other way they impose obligations and restrictions on the homeowners. Of course, the HOA’s costs for such services are passed through to the homeowners, one way or another. They include provisions whereby the HOA agrees to provide services such as property maintenance and general upkeep, landscaping and/or snow removal. Some HOA covenants may actually be perks for some who live in an HOA community. A copy of the current CC&R is also provided to each HOA homeowner at or before the closing on their purchase. The CC&R is filed in the recorder’s office(s) of the county(ies) in which the HOA is located as a real estate record that “runs with the land” that is part of the community. CC&R – The “Covenants”Ī North Carolina HOA’s rules applicable to its members’ rights and responsibilities, often referred to simply as the HOA’s covenants, are set forth in a legal document called its Declaration of Covenants, Conditions and Restrictions (“CC&R”). Whether you already live in an HOA community or are considering buying a home located in one, it is important that you know where to find its rules, how they may cost you and restrict your use and enjoyment of the property and how they may be enforced by the HOA. There are more than 14,300 HOA communities in North Carolina containing a total of more than a million homes. And as members of the HOA, they are contractually obligated to comply with its rules. Purchasers of homes in a North Carolina HOA community automatically become “members” of the HOA there is no “opting out”. What You Need To Know About HOA CovenantsĪ North Carolina homeowner association (“HOA”) is an organization (most are non-profit corporations) that oversees the management of, and makes and enforces rules applicable to home ownership in, a planned residential community.
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