Like most neighborhoods, there are some important "rules" that residents are expected to understand and follow. Unlike other neighborhoods however, these "rules" were established and approved by the people who live here. The full text of the CC&R's may be reviewed and are also recorded with all the properties. Some key features include:

• Obligation to pay Homeowners Association dues. These are pro-rated based on the number of people living in the house, the size of the house, size and number of garages. Current (2010) dues range between $116 and $241 per month.
  
• Any additions to your home or exterior improvements on your property must be reviewed and approved by the Design Review Committee. For example, fences on the "common side" of your property are strongly discouraged, and any fence over 3 feet tall must go through an approval process.
• Conducting a retail business from your home is not permitted. This could generate excessive traffic and tie up much of the visitor parking.
• Parking is limited to two spaces per household. This decision was made to align community actions with its values, including the desire to de-emphasize vehicles and increase pedestrian friendliness and safety. Each unit has two designated parking spaces, one of which may have a garage built on it. No on-street parking is allowed because of rules associated with fire and emergency vehicle access. Visitor parking (labeled) is only for visitors. Taken all together, the number of vehicles per household is limited to 2 (one per parking or garage space). Similarly, there are restrictions related to the temporary parking of RVs that may belong to visitors. Storage of vehicles or trailers on community property must be approved by the Homeowners Association.
• Pets are welcome at Greyrock although they are not allowed to roam free. There are a few existing outdoor cats which have been excluded from this restriction, but in the interest of wildlife, this restriction will not be waived for new feline or canine residents. Similarly, any new pets that are acquired by residents must live indoors or be under the owner's control at all times.

Homeowners Association (HOA) :

• The Homeowners Association (made up of neighborhood residents who volunteer to serve a 3 year term) oversees the upkeep of common property and the exterior maintenance of all the homes (e.g. siding, paint, and roofing).
• A key HOA task is establishing the annual budget for common expenses (such as roof repairs, lawn mowing) and set asides for longer term maintenance needs (roads, common house, appliance replacement, etc.).
• The HOA also insures all of the buildings against loss or damage (not the contents).
• The HOA pays for garbage and recycling pick up from a single location on the site. This greatly reduces truck traffic in the neighborhood and the cost to individual households .
• Current (2010) Homeowners association dues run from $116 - $241/ month depending on the size of your unit, number of occupants and whether or not you have a garage.
• How projects get allocated for funding
• As you can see from the pie chart, nearly half of the HOA dues are items that you would normally pay for yourself (items in pink and striped pink). Also about 20% (the striped sections) are not actually current expenditures, but set asides for future repairs or replacement. As you can see the remainder is split between caring for the common property, taking care of the common house and running the HOA: