1312 Snapper Lane Townhomes

Key facts from 1312 Snapper Lane Townhomes's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (Whereas clause: 'subject to the North Ca)

Legal name

1312 Snapper Lane Townhome Owners Association, Inc. (Article I Section 1)

Developer / declarant

MB Long Construction, LLC, a NC limited liability company (First paragraph of Declaration)

Governing law

North Carolina Planned Community Act, Chapter 47F of the North Carolina General Statutes (Same as above)

Assessments & dues

Not set in declaration; established by annual budget adopted by Board (Article VI Section 2)

Special assessments

May be levied for capital improvements with assent of majority of members (Article VI Section 3)

Collections & liens

Association may file lien after 30 days delinquency; may foreclose like mortgage under power of sale; lien prior except to prior recorded liens and taxes (Article VI Section 8)

Reserves & fees

Association may establish and collect late fees for delinquent installments (Article VI Section 7)

Voting & meetings

One vote per Lot owned; one class of membership; Declarant excluded from membership class (Article IV Section 3)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.