1416 Swordfish Lane Townhomes

Key facts from 1416 Swordfish Lane Townhomes's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

1416 Swordfish Lane Townhomes

Developer / declarant

Center City Development, Inc., a North Carolina corporation (signature block (page 1); Article 3 Sect)

Governing law

North Carolina Planned Community Act, N.C. Gen. Stat. §§ 47F-1-101 et seq. (Article 1, Recitals (page 2))

Special assessments

Special Assessments are included in the definition of Assessments. Also, if insurance proceeds insufficient for reconstruction, assessments shall be made against all Lot Owners. (Article 3 Section 2 (page 3): 'special A)

Reserves & fees

Such reasonable reserves as may be established or allocated by the Association, whether held in trust or by the Association, for repair, replacement or addition to the Common Elements or any other real or personal property acquired or held (Article 3 Section 7(d) (page 4))

Pets

Yes, household pets ordinarily kept in homes. (Article 8 Section 7 (page 10))

Parking & vehicles

No motor vehicles (other than private passenger vehicles), boats, boat trailers, jet skis, mobile homes, trailers, campers, recreational vehicles, or similar items stored on Common Elements or Limited Common Elements unless designated area (Article 8 Section 5 (page 9))

Architectural approval

No permanent structure on a Lot except in accordance with Architectural Control provisions in Article 16. (Article 8 Section 4 (page 9): 'No Lot Ow)

Home business

Private offices may be maintained incident to residential use if no customers/clients and approved in writing by Board. Board may permit other businesses in its sole discretion. (Article 8 Section 3 (page 9))

Insurance

Policies may contain reasonable deductibles, payment controlled by Article 17 Section 5. (Article 9 Section 2 (page 13))

Use restrictions

Each Lot restricted exclusively to single-family residential use. No Residential Institution. (Article 8 Section 1 (page 8))

Voting & meetings

Each Lot shall have one (1) vote on every matter for which a vote of the membership of the Association is required by the Documents. (Article 5 Section 2 (page 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.