1417 Searay Lane Townhomes

Key facts from 1417 Searay Lane Townhomes's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

1417 Searay Lane Townhome Owners Association, Inc. (Art I Sec 1 (Section 1))

Developer / declarant

Port City Capital, LLC

Governing law

North Carolina Planned Community Act, Chapter 47F of the North Carolina General Statutes (Preamble and Art IX Sec 9)

Assessments & dues

Board proposes annual budget at least 90 days before fiscal year; owners may reject by majority vote at meeting; if rejected, prior budget continues (Art VI Sec 2)

Special assessments

Yes, for capital improvements with majority member assent; also Insurance Assessments (Art VI Sec 3 and Sec 4)

Collections & liens

Association may file lien after 30 days nonpayment; foreclosure like mortgage under power of sale; fees, charges, fines, interest enforceable; lien extinguished if not enforced within 3 years after docketing; first mortgage holders not liab (Art VI Sec 8)

Reserves & fees

Allowed for delinquent installments; amount not specified (Art VI Sec 7)

Pets

Yes; dogs, cats, or other household pets may be kept, but not for commercial purposes (Art VII Sec 3(e))

Leasing & rentals

Impliedly allowed; declaration mentions 'tenants' and 'occupants' as subject to rules (Art IX Sec 6)

Parking & vehicles

No camper, trailer, motor or mobile homes, tractor/trailer allowed on any Lot at any time (Art VII Sec 3(d))

Fences

Design, placement, and materials must be approved by Declarant, Board, or Architectural Control Committee (Art VII Sec 2(b) last part)

Architectural approval

Yes, for any dwelling, wall, fence, structure, exterior addition, change, or alteration including painting; plans must be approved in writing by Declarant or Board or Architectural Control Committee (Art VII Sec 1)

Home business

Not specifically addressed; may be implied by residential use restriction (Art VII Sec 3(a) - residential use only)

Signs & flags

Not specifically restricted except as part of architectural control (exterior alterations require approval) (Art VII Sec 1 - approval for exterior ch)

Setbacks / home size

Each dwelling shall have a minimum of 1500 square feet of enclosed, heated dwelling area (Art VII Sec 2(a))

Use restrictions

Lots shall be used for residential purposes only (Art VII Sec 3(a) and Art IV Sec 7)

Voting & meetings

One vote per Lot owned, except Declarant; fractional voting prohibited; multiple owners determine how to cast vote (Art IV Sec 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.