Griffins Gate Vill

Key facts from Griffins Gate Vill'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

Grandover

Developer / declarant

Koury Ventures Limited Partnership

Governing law

North Carolina statutes governing recordable documents (Page 1: 'in compliance with North Caroli)

Assessments & dues

Board prepares budget at least 60 days before fiscal year; delivers copy and notice of assessment to owners at least 30 days before fiscal year. Budget and assessment become effective as provided in the Declaration. (Section 5)

Special assessments

Yes, Specific Assessment under Section 10.7 of Declaration for: (1) owner's negligence or casualty, (2) AACC condition requiring Association maintenance, (3) Association performing maintenance on owner's behalf after failure. (Sections 3, 4, 6)

Architectural approval

Yes, AACC must approve any planting, removal, trimming of vegetation on or around a Unit or Exclusive Common Area, and any change, addition, or alteration to the dwelling or Unit. (Sections 6 and 3)

Maintenance

Association provides Regularly Scheduled Maintenance (Section 2). Owner responsible for his Unit and improvements (Section 3). If need arises from owner's negligence or casualty, owner responsible; if owner fails, Association may do and cha (Sections 2, 3, 4)

Insurance

Each Owner must carry an 'all risk' property and casualty policy pursuant to Section 6.2 of the Declaration. (Section 4)

Voting & meetings

Voting Members (majority of Owners within Additional Property) (Section 7)

Amendments

Requires vote or written consent of Voting Members representing a majority of Owners within the Additional Property and consent of the Board of Directors. Must also meet approval requirements of Article XIV of the Declaration if applicable. (Section 7)

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