1515 Pinfish Lane Townhomes

Key facts from 1515 Pinfish 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 (Preamble: "subject to the North Carolina)

Legal name

1515 Pinfish Lane Townhomes Owners Association, Inc.

Developer / declarant

MIKEL F. LỌNG CONSTURCTION CO., INC.

Governing law

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

Assessments & dues

First Annual Assessment set by Declarant before first conveyance; thereafter set by budget (Article VI Section 3: "the first Annual )

Special assessments

Allowed with 2/3 vote for capital improvements; also without vote to reimburse Declarant for maintenance costs (Article VI Section 4)

Collections & liens

Lien on Lot after 30 days unpaid; foreclosure in like manner as mortgage under power of sale (Article 2A of Chapter 45) (Article VI Section 11)

Reserves & fees

Association may establish and collect late fees for delinquent installments (Article VI Section 10: "may also establi)

Architectural approval

No structure may be commenced, erected, or maintained, nor exterior addition/alteration made without approval of Architectural Control Committee (Article VII Section 1: "No structure sha)

Voting & meetings

Two classes: Class A (each Owner one vote per lot); Class B (Declarant three votes per lot until conversion) (Article IV Section 3)

Amendments

Declarant may amend without member approval before sale of second Lot; to correct errors; for tax exemption; to reflect plat change; to conform to law; only Declarant can amend during Declarant Control Period. Other amendments presumably by (Article III 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.