1515 Bowfin Lane Townhomes

Key facts from 1515 Bowfin Lane Townhomes's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (Recital: subject to North Carolina Plann)

Developer / declarant

RIMER Development, LLC (Opening)

Governing law

North Carolina Planned Community Act, Chapter 47F of the North Carolina General Statutes (Recital)

Assessments & dues

Board adopts proposed annual budget at least 90 days before fiscal year; budget ratified unless rejected by majority of all Lot Owners at meeting (Article VI, Section 2)

Special assessments

May levy special assessment for capital improvements with assent of majority of members (Article VI, Section 3)

Collections & liens

Association may file lien after 30 days unpaid; foreclose like mortgage under power of sale (Article 2A of Chapter 45 G.S.) (Article VI, Section 8)

Reserves & fees

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

Pets

Dogs, cats, or other household pets may be kept, not for commercial purposes, leashed, under control, not a nuisance (Article VII, Section 3(e))

Parking & vehicles

No camper, trailer, motor/mobile homes, tractor/trailer, or similar type vehicle permitted on any Lot at any time (Article VII, Section 3(d))

Architectural approval

No dwelling, wall, fence, or other structure, nor any exterior addition, change, or alteration (including painting) shall be made without prior written approval of Declarant, Board, or Architectural Control Committee (Article VII, Section 1; Article IV, Sect)

Use restrictions

Lots shall be used for residential purposes only; no non-residential use (Section 7, Use of Lots (between Sections)

Voting & meetings

One vote per Lot; one class of membership (except Declarant); fractional voting prohibited (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.