Hempstead at Beaver Creek Homeowners Association

Key facts from Hempstead at Beaver Creek Homeowners Association's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Attached single-family townhomes (Preamble)

Legal name

Hempstead at Beaver Creek Homeowners Association, Inc. (Article I, Section 2)

Developer / declarant

MREC DT Beaver Creek LLC, a Delaware limited liability company (Preamble)

Governing law

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

Assessments & dues

Maximum Annual Assessment until Dec 31, 2016: $1,800.00 per Class A Lot. Class B Lots: $0. (Article V, Section 3)

Special assessments

Requires Declarant approval (during Declarant Control Period) and approval by not less than 2/3 of Class A Members present and voting at a meeting. Class B Lots: $0. (Article V, Section 5)

Collections & liens

Assessments unpaid for 30+ days become a lien on the Lot upon filing claim of lien under §47F-3-116(g); may be foreclosed. Personal obligation of Owner at time due; subsequent Owner not personally liable unless assumed. (Article V, Section 7)

Pets

Reasonable number of cats, dogs, and other household pets allowed, provided not kept/bred/maintained for commercial purpose and not a nuisance. Board determines nuisance and may require removal. (Article X, Section 4)

Leasing & rentals

Leasing allowed, subject to restrictions. (Article X, Section 10)

Parking & vehicles

Association maintains minimum parking spaces required by Town of Apex. Board may assign spaces on equal, non-discriminatory basis. Owners must provide vehicle info (make, model, color, license plate). (Article X, Section 5)

Fences

Fences/walls must meet zoning requirements and be approved per Declaration. Chain-link fences not permitted. Retaining walls and Declarant-installed entrance/street fences not regulated. (Article X, Section 8)

Architectural approval

After certificate of occupancy, no building, fence, sign, wall, structure, exterior addition/change, or major landscaping may commence without written approval of Declarant (or delegated Board/Architectural Committee). (Article IX)

Use restrictions

All Lots shall be used for residential purposes only. No trade, business, profession, or commercial activity except: showing Lots for sale/lease, leasing to residential tenants, and Declarant/Builder activities (sales offices, model homes, (Article X, Section 1)

Voting & meetings

Class A Members: 1 vote per Lot. Class B Member (Declarant/Builder): 9 votes per Lot owned. After Declarant Control Period, Declarant gets 1 vote per Lot but Lots remain Class B for assessment. (Article III, Section 2)

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