1516 Bonito Lane Townhomes

Key facts from 1516 Bonito Lane Townhomes's documents

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

Community type

planned community under NC Planned Community Act (Chapter 47F) (Preamble, page 1: 'subject to the North )

Legal name

1516 Bonito Lane Townhome Owners Association, Inc. (Article I, Section 1, page 1: '1516 Boni)

Developer / declarant

S.M.S.P. Development, LLC

Governing law

North Carolina Planned Community Act (Chapter 47F of the NC General Statutes) (Preamble: 'subject to the North Carolina)

Special assessments

May be levied for capital improvements with assent of a majority of members (Article VI, Section 3, page 9: 'provided)

Reserves & fees

Association may establish and collect late fees for delinquent installments (Article VI, Section 7, page 9: 'Associat)

Pets

Dogs, cats, and other household pets allowed provided not for commercial purposes, kept leashed/under control, and not a nuisance (Article VII, Section 3(e), page 11)

Fences

Design, placement, and materials of any fence must be approved by Declarant, Board, or ARC (Article VII, Section 2(b), page 11: 'The)

Setbacks / home size

Each dwelling shall have a minimum of 1500 square feet of enclosed, heated dwelling area (Article VII, Section 2(a), page 10: 'Eac)

Use restrictions

Lots shall be used for residential purposes only (Article IV, Section 7, page 5: 'the lots)

Voting & meetings

One vote per Lot; one class of membership; fractional voting prohibited; when multiple owners, vote exercised as they determine but no more than one vote per lot (Article IV, Section 3, page 4: 'one vote)

Amendments

Art III: Declarant may amend without member approval for certain purposes (e.g., first lot sale, additional property, correct errors, tax exemption, conform to law) during Developer Control Period. Art IX Sec 8: Except as provided elsewhere (Article III, Section 1, pages 4-5; Artic)

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