Rental Covenant Amendment Passes
Ralph Becker | Published on 10/27/2023
At a special meeting of the Heritage Pines Community Association on Thursday, October 26, the HOA approved an amendment to the declaration of covenants, conditions, and restrictions regarding how rental properties are treated. The amendment was passed by a count of 231 - 13, with 223 being the minimum number of Yes votes required for passage.
The meeting opened with a welcome from HOA Board president Russ Willard. He then turned the meeting over to Mollie Cozart, an attorney with the HOA's law firm of Jordan Price Law Offices. She read a statement outlining the proposed amendment, and proceeded to answer several questions that had been submitted prior to the meeting, Questions from the floor were then taken for about 30 minutes, followed by a collection of ballots, and a tabulation of those ballots plus proxy ballots submitted prior to the meeting.
The new amendment requires that new purchasers of properties in Heritage Pines occupy their homes for a minimum of 12 consecutive months before their property can be rented or leased, This requirement is designed to discourage corporate land developers from buying properties solely as an investment. Renters / lessees still must have at least one resident be age 55 or over, and lease / rental agreements must still be filed with the HOA office and be for a term of at least 6 months. Note that the new amendment only applies to new purchases in the community after the amendment is registered with Wake County, which happened on 11 November, 2023; existing homeowners are not affected.
Minutes of the meeting are available here:
Rental Agreement Meeting Minutes.
The final, registered version of the new Amendment is available here:
Sixth Amendment to Declaration of CC&R - Rental Restrictions