Lattawoods

Key facts from Lattawoods's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned community (Recital C)

Developer / declarant

M/I Homes of Raleigh, LLC, a Delaware limited liability company (Preamble)

Governing law

North Carolina Planned Community Act (N.C. Gen. Stat. Chap. 47F) (Recital C)

Assessments & dues

$240.00 per Developed Lot, $24.00 per Undeveloped Lot for first assessment year (Section IX.D)

Special assessments

Levied with assent of two-thirds (2/3) of votes of Members voting in person or by proxy at a meeting; quorum required (Section IX.E)

Collections & liens

Unpaid assessments constitute a lien on the Lot; lien may be filed after 30 days delinquency; lien valid for 3 years; subordinate to bona fide first mortgage (Section IX.G.3)

Reserves & fees

Board shall establish a Reserve Fund to cover future capital expenditures and non-recurring items (Section IX.A)

Pets

Yes, domestic pets allowed subject to Rules (Section IV.E)

Leasing & rentals

Yes, leases permitted subject to Declaration (Section IV.I)

Parking & vehicles

Board may create and enforce reasonable rules concerning parking (Section IV.J)

Fences

Architectural Control Committee may establish standards, prohibit fencing entirely or certain types; chain link or similar metal/wire fencing prohibited; written approval required prior to installation (Section IV.R)

Architectural approval

Yes, Architectural Control Committee approval required for all Improvements except those constructed by Declarant as part of initial construction (Section IV.A, Section V.B)

Home business

No business without prior written approval of Board; home office permitted if no non-resident employees and no customers/employees/subcontractors/third parties park on Property (Section IV.G)

Signs & flags

No signs except: Declarant marketing signs, street/identification signs, one temporary real estate sign not exceeding 6 sq ft, and political signs (Section IV.D)

Setbacks / home size

All Improvements constructed no nearer the street than platted setback line(s) unless variance approved by Architectural Control Committee and governmental authorities (Section IV.A)

Maintenance

Association maintains Common Elements; Owner maintains Lot and all portions, improvements, structures, equipment and components used in connection with Lot (Section X.A, X.B)

Insurance

Association shall obtain and maintain adequate blanket property insurance, liability insurance and flood insurance covering Common Elements (Section VIII.G.1)

Use restrictions

Each Lot shall be occupied and used exclusively for single-family, residential purposes and purposes customarily incidental to a residence (Section IV.A)

Voting & meetings

Before Turnover Date: each Developed Lot has 1 vote, each Undeveloped Lot has 10 votes; after Turnover Date: each Lot has 1 vote (Section VII.B)

Amendments

Before Turnover Date: Declarant may unilaterally amend without consent of other Owners; after Turnover Date: 67% vote of Members; also 80% vote required to terminate; certain amendments by Declarant allowed after Turnover Date for complianc (Section XI.A, XI.C)

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