Morgan Pointe Homeowners Association Inc

Key facts from Morgan Pointe Homeowners Association Inc's documents

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

Community type

Exclusive residential community of detached single-family homes (Recitals, page 1)

Legal name

Morgan Pointe Homeowners Association, Inc.

Units / lots

28 lots (Lots 1-28 inclusive; Lots 29-31 excluded) (Exhibit A, page 28)

Developer / declarant

Morgan Development Company, LLC, a North Carolina limited liability company (Opening paragraph)

Governing law

North Carolina Planned Community Act, Chapter 47F of the North Carolina General Statutes (Article I, Section 1)

Assessments & dues

Maximum Annual Assessment until December 31, 2024: $800.00 per Class A Lot. (Article V, Section 3)

Special assessments

Special assessments for capital improvements require assent of two-thirds of votes of each class of Members voting in person or by proxy. Board may declare Special Capital Assessment up to $700.00 per Lot in emergency situations, no more th (Article V, Section 5)

Collections & liens

Unpaid assessments, interest, late charges, and collection costs (including attorneys' fees) are a continuing lien upon the Lot and personal obligation of the Owner at the time assessment fell due. Association may bring action at law or in (Article V, Sections 1 and 7)

Reserves & fees

Monthly late charge as established by Board of Directors for assessments not paid within 10 days after due date. (Article V, Section 7)

Pets

Domesticated dogs, cats, or other household pets may be kept, provided not for commercial purposes. (Article IX, Section 7)

Leasing & rentals

An Owner may lease or sublet his/her dwelling. (Article III, Section 3)

Parking & vehicles

Vehicles may be parked or stored only on portions of a Lot improved for that purpose (garage, driveway, or parking pad). No unenclosed parking except paved driveway and attached paved parking pad designed for not more than one vehicle. (Article IX, Section 6)

Fences

No fence or wall shall be erected on any Lot closer to any side street than the side building setback line, nor closer than 10 feet from a front corner of the dwelling. Chain-link fencing is not permitted. Must meet Wake County zoning and b (Article IX, Section 4)

Architectural approval

No building, fence, sign, wall or other structure shall be commenced, constructed, erected, or maintained, nor exterior addition or change made, nor major landscaping commenced, until plans and specifications submitted to and approved in wr (Article VIII)

Home business

No business, trade, or activity may be conducted on any Lot unless permitted by Wake County zoning ordinance. (Article IX, Section 8)

Signs & flags

No sign of any kind displayed to public view except: signs advertising Lots for sale during construction/sales period; one sign not more than 10 sq ft advertising property for sale or rent; political signs not more than 10 sq ft, placed no (Article IX, Section 9)

Setbacks / home size

No dwelling shall be located nearer to front, side, side street, or rear property line than indicated on recorded plat or established under Wake County zoning ordinance. Declarant may waive minor violations (up to 25%) of setback and sideli (Article IX, Section 3)

Maintenance

Association responsible for maintenance of Common Area, including storm water drainage facilities, street lights, mail kiosk, and entry signage. Owners responsible for maintenance of their Lots and improvements thereon. (Article V, Section 2; Article IX, Sectio)

Insurance

Association shall procure and maintain adequate liability insurance in amount not less than $1,000,000.00, full replacement value hazard insurance on real and personal property owned by the Association, and officers', directors', and employ (Article X, Section 8)

Use restrictions

All Lots shall be used for single-family residential purposes; Declarant may use any Lot as temporary sales office or model home. (Article IX, Section 1)

Voting & meetings

Class A Members: one vote per Lot owned. Class B Member (Declarant): ten votes per Lot owned or controlled during Declarant Control Period; after that, one vote per Lot. (Article III, Section 2)

Amendments

During Declarant Control Period, Declarant may amend without consent of Members to conform to governmental law or regulation. Otherwise, during first 25-year period, amendment requires instrument signed by Owners of not less than 80% of Lot (Article X, Section 3)

Amenities

Common Area includes earthen dams surrounding lakes or ponds, greenway trails, private roadways, and water/sewer lines serving more than one Lot. Common Open Space may be used for drainage, buffer, stormwater devices, active or passive recr (Article I, Sections 5 and 11)

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