Edgewater Townhomes Association Inc

Key facts from Edgewater Townhomes Association Inc's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Edgewater Townhome Association, Inc. (Article 1 'Association' definition)

Developer / declarant

Anderson Homes, Inc. (Preamble)

Governing law

North Carolina Planned Community Act, Chapter 47F, North Carolina General Statutes (Article 1 'Act' definition)

Assessments & dues

Regular annual assessments and special assessments levied by the Association (Article 9, Section 9.01)

Collections & liens

Assessments plus interest, late charges and costs (including attorneys' fees) become a lien upon the Lot (Article 9, Section 9.01)

Pets

Yes - dogs, cats, or other household pets permitted, not for commercial purposes (Article 7, Section 7.08(a))

Leasing & rentals

Owners may lease or rent Lots only as permitted by Rules and Regulations (Article 4, Section 4.04)

Parking & vehicles

No parking on undesignated Sub-Association Common Area, sidewalks, or unimproved parts of Lot; max 3 vehicles visible from street; no overnight on street rights-of-way (Article 7, Section 7.03)

Fences

Fences require ACC approval; no fence closer to street than rear wall line or side street setback; max height 5 feet; max 80% closed surface; chain link prohibited (Article 7, Section 7.07)

Architectural approval

Yes - Architectural Control Committee approval required for new construction, modifications, alterations, fences, window treatments, yard art, hanging plants, porch furniture, etc. (Article 1 'Architectural Control Committ)

Home business

Permitted if not conflicting with local zoning, not unduly burdening traffic, and not causing unreasonable parking of non-resident vehicles; Board discretion on case-by-case basis (Article 7, Section 7.01)

Signs & flags

No signs visible from outside Lot except one 'for sale' or 'for rent' sign of customary dimensions; Declarant/Builder exempt (Article 7, Section 7.04)

Maintenance

Association responsible for roof repair and replacement (Article 6, Section 6.01)

Insurance

Association responsible for replacement/reconstruction of damage covered by insurance provided by Association under Section 10.02 (Article 6, Section 6.02)

Use restrictions

Lots shall be used for residential purposes and for no other purpose (Article 7, Section 7.01)

Voting & meetings

Two classes: Class A (all Owners except Declarant and Builder) - 1 vote per Lot; Class B (Declarant and Builder) - 3 votes per Lot owned (Article 8, Section 8.03)

Amendments

Termination requires 90% vote of Voting Power and 90% written consent of Mortgagees; if two-class voting in effect, FHA approval required if applicable (Article 2, Section 2.04)

Amenities

Sub-Association Common Area may include swimming pool, wading pool, clubhouse, lake, walking paths, picnic area, putting green, sports complex, ballfield, playground, tot lot, gazebo, and other amenities (Article 1 'Sub-Association Common Area' )

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