Oaksmeadowridge

Key facts from Oaksmeadowridge's documents

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

Community type

Planned community under the North Carolina Planned Community Act (N.C. Gen. Stat. Chap. 47F) (Article I, 'Act' definition; WITNESSETH )

Legal name

The Oaks at Meadowridge

Developer / declarant

Toll NC, L.P., a North Carolina limited partnership (Opening paragraph)

Governing law

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

Assessments & dues

Set by Board of Directors annually (Article V, Section 3)

Special assessments

May be levied for construction, reconstruction, repair, replacement of Common Areas, emergency costs, land acquisition, or similar purposes; requires Declarant approval while Declarant owns property (Article V, Section 5)

Collections & liens

Assessments are a continuing lien on the Lot; Association may foreclose; lien subordinate to first Mortgage (Article V, Section 1; Article VI, Sectio)

Reserves & fees

Association shall establish and maintain adequate reserve fund for periodic maintenance, repair, replacement of Common Areas and unanticipated expenses (Article IV, Section 7)

Pets

Common domesticated animals may be kept as household pets, not for commercial purposes (Article VII, Section 7)

Leasing & rentals

Yes, leasing of a residence on a Lot is not considered a business (Article VII, Section 1)

Parking & vehicles

Roadways, driveways, streets used for fully operable, inspected, registered four-wheel passenger vehicles, two-wheel motorized bicycles, standard bicycles only (Article VII, Section 20(a))

Fences

No fence/wall nearer to Roadway than front building corner of main Dwelling Unit (unless approved); max height 6 feet; tennis court fences up to 10 feet if 25 feet from Lot lines; ACC approval required for color, size, design, materials, lo (Article VII, Section 5)

Architectural approval

Yes, Architectural Control Committee approval required for structures, fences, mailboxes, signs, recreational equipment, etc. (Article VII, Sections 1, 5, 6, 8, 19)

Home business

Business allowed only with Board written approval; must not create disturbance, increase traffic, be mail order, must be incidental to residential use, no employees/customers/clients at Lot (Article VII, Section 1)

Signs & flags

No signs, banners, commercial flags, billboards, advertisements on any Lot except approved in advance by Board and Declarant (while Declarant owns property); Declarant may erect signs on its property or Common Areas (Article VII, Section 8)

Setbacks / home size

Building Envelope established by ACC; exterior steps may project up to 5 feet; fireplace chimneys may encroach up to 18 inches into side setback (Article VII, Section 13)

Maintenance

Association maintains Common Areas, Maintenance Areas, Roadways (until public acceptance), entrance monuments, Parking Areas; Owners maintain their Lots and Septic Systems (Article IV, Section 6; Article VII, Sect)

Use restrictions

Each Lot shall be used exclusively for single-family, non-transient residential purposes (Article VII, Section 1)

Voting & meetings

Two classes: Class I (all members except Declarant) - one vote per Lot; Class II (Declarant) - ten votes per Lot owned (Article IV, 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.