Townes at Page Square Homeowners Association Inc

Key facts from Townes at Page Square Homeowners Association Inc's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

single family attached townhome dwellings (Preamble)

Legal name

Townes at Page Square Homeowners Association, Inc. (Article I, Section 3)

Developer / declarant

Hoke Developers 3, LLC, a North Carolina limited liability company (Preamble; Article I, Section 8)

Governing law

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

Assessments & dues

Board adopts proposed budget at least annually; calls meeting of Members 10-60 days after mailing notice; budget deemed ratified unless majority of entire membership votes to reject (or 80% if increase ≤10% over prior year); if rejected, la (Article V, Section 4(b))

Special assessments

May be levied for capital improvements, debt repayment, or non-recurring expenses; requires approval of Declarant (during Declarant Control Period) and not less than 2/3 of Class A Members present and voting at a meeting; quorum of 60% of v (Article V, Section 5)

Collections & liens

Assessments unpaid for 30+ days become a continuing lien on the Lot; may be foreclosed; lien subordinate to first mortgages; foreclosure of first mortgage extinguishes lien for assessments due prior to sale (Article V, Sections 9-10)

Reserves & fees

Common expenses include monies allocated to reserve funds (Article I, Section 22)

Leasing & rentals

Article X, Section 10 addresses lease of dwellings; specific terms not detailed in extracted text (Table of Contents)

Parking & vehicles

Article X, Section 6 addresses parking; specific rules not detailed in extracted text (Table of Contents)

Fences

Fences require Architectural Review Board approval; Association not responsible for maintaining fences installed on any Lot (Article IX, Section 1; Article VI, Secti)

Architectural approval

No tree trimming/removal, grading, erection of buildings, exterior additions/alterations, fences, walls, swimming pools, or other Improvements shall be commenced until Architectural Review Board approves plans and specifications (Article IX, Section 1)

Signs & flags

Document regulates or prohibits display of political signs (per cover page); specific sign restrictions not detailed in extracted text (Cover page)

Maintenance

Association responsible for: exterior building surfaces (excluding exterior doors, screened porches, decks, wood porches, sidewalks, stoops, parking areas/driveways, exterior light fixtures, windows, exterior hose bibs, screens), roofs, gut (Article VI, Section 1)

Insurance

Association shall procure and maintain liability insurance covering Association and Members against loss/damage from use of Townhome Common Area (Article IV, Section 4(b))

Use restrictions

All Lots shall be used for residential purposes only; no trade, business, profession or commercial activity except as permitted by Code; Declarant may use Lots for sales offices, model homes, etc. (Article X, Section 1)

Voting & meetings

Three classes: Class A (Owners of Lots other than Class B/C) - 1 vote per Lot; Class B (Declarant) - 9 votes per Lot owned during Declarant Control Period, then 1 vote per Lot; Class C (Approved Builders) - 1 vote per Lot owned (Article III, Section 2)

Amendments

Article XIII, Section 2 addresses term and amendment; specific procedure not detailed in extracted text (Table of Contents)

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