Liberty (NC)

Key facts from Liberty (NC)'s documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned_community (Article II Section 1(c) references Plann)

Legal name

Liberty Oaks Master Owners’ Association, Inc. (Article I, Section 2)

Developer / declarant

Liberty Oaks Fund I, LP, a North Carolina limited partnership (First paragraph of Declaration)

Governing law

Chapter 47F of the North Carolina General Statutes (Planned Community Act) (Article II, Section 1(c); Article IV, Se)

Assessments & dues

Maximum $175 per House Lot for 2018 (Article IV, Section 3(a))

Special assessments

Allowed for capital improvements with 2/3 vote; Board may levy up to $500 per Townhome Lot (proportionate for House/Cottage) in emergencies unless 90% reject (Article IV, Section 4)

Collections & liens

Unpaid assessment becomes a continuing lien on the Lot; Association may foreclose under NC General Statutes Chapter 47F. (Article IV, Sections 1, 9, 10, 12)

Reserves & fees

Board shall create and maintain a reserve fund for periodic maintenance, repair, replacement of Common Elements and Limited Common Elements. (Article IV, Section 5)

Pets

Yes – dogs, cats, pet birds, other household pets allowed, provided not kept for commercial purposes, controlled per ordinances, and not a nuisance. Leash required when on Common Elements; owner must clean up waste. Vicious or obnoxious pet (Article VII, Section 5)

Leasing & rentals

Yes, but subject to limits and approval. (Article VII, Section 3)

Parking & vehicles

Each Lot Owner must provide off-street parking space on the Lot before occupancy (Article VIII, Section 7)

Architectural approval

Yes, for any site preparation and construction of improvements (including landscaping, fences, etc.) – Architectural Committee composed of 3 persons appointed by Declarant during Class B period, thereafter by Board. (Article VI)

Home business

No trade or business on any Lot except as approved by Board in its sole discretion. Business must be conducted entirely within house or garage, not create nuisance, noise, traffic, etc. Approval is personal to the Owner; revoked upon sale. (Article VII, Section 2)

Signs & flags

No signs visible from public view except those allowed by Association or local government. Declarant may display sales signs during development. "For Sale" signs may be placed on Lot by owner/agent, subject to placement rules (center of lot (Article VII, Section 9)

Setbacks / home size

Dwellings on House or Cottage Lots must comply with front, rear, side yard setbacks of County planning and zoning ordinances. (Article VIII, Section 2)

Use restrictions

No portion of Property shall be used except for residential purposes and incidental/accessory uses (except temporary Declarant office and models). (Article VII, Section 2)

Voting & meetings

Class A (all lot owners except Declarant) and Class B (Declarant) (Article III, Section 2)

Amendments

Generally by vote of 80% of each class (Article II, Section 1(c) for dedication/transfer). Declarant may unilaterally amend during Declarant Development Period (Article II, Section 4(e)). Additionally, Declarant may amend upon annexation (A (Article II, Section 1(c); Article II, Se)

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