Belvedere (NC)

Key facts from Belvedere (NC)'s documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (LOCALITY section, first paragraph)

Units / lots

33 living units (LOCALITY section: thirty-three (33) livi)

Governing law

North Carolina Planned Community Act (N.C. Gen. Stat. §47F-1-101 et seq.) and North Carolina Nonprofit Corporation Act (N.C. Gen. Stat. §55A-1 et seq.) (WHEREAS paragraphs)

Assessments & dues

Board prepares budget and annual assessment; provides summary to lot owners; meeting held 10–60 days after mailing; if 67% of all lot owners do not reject, budget ratified; if rejected, current budget continues (Article IV, Section 5)

Special assessments

Board may levy special assessment if annual assessment inadequate or emergency; for capital improvements, requires majority vote of all lot owners (Article IV, Section 8)

Collections & liens

Unpaid assessment for 30+ days creates a lien when filed; Association may foreclose like a mortgage with power of sale; priority over all except prior recorded mortgages and tax liens (Article IV, Section 4)

Reserves & fees

Budget includes amounts for working capital, general operating reserve, reserves for contingencies and replacements (Article IV, Section 5: amounts necessary)

Pets

Generally recognized house pets allowed (Article VI, Section 3)

Leasing & rentals

Yes, subject to Board approval of lease and tenant (Article VI, Section 1; Article XII, Sect)

Architectural approval

Architectural Committee approval required for any building, fence, wall, structure, or exterior addition/change (Article V, Section 1)

Signs & flags

No signs displayed to public view except those complying with Association rules or approved by Architectural Committee (Article VI, Section 10)

Use restrictions

All lots shall be used, improved, and devoted exclusively to residential use (Article VI, Section 1)

Voting & meetings

One vote per lot; all lot owners are members (Article III, Section 2: one (1) vote for)

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