Southpoint Townes Homeowners Association Inc

Key facts from Southpoint Townes Homeowners Association Inc's documents

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

Community type

Single-family attached townhomes (planned community) (Declaration creates a residential commun)

Governing law

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

Assessments & dues

$1,476.00 per year ($123.00 per month) until December 31 of the year of first conveyance to non-Declarant owner (Article IV Section 3)

Special assessments

For capital improvements; after Declarant’s Development Period, requires 2/3 vote of members present at meeting; before expiration, special assessments exceeding 5% of budgeted common expenses require 2/3 vote; 5% or less may be levied by B (Article IV Section 7)

Collections & liens

Unpaid assessments become a lien on the Lot after 30 days; lien may be foreclosed as permitted under the Act; personal obligation of the owner who was owner when assessment became due. (Article IV Section 4)

Reserves & fees

Association must maintain a separate Major Reconstruction Fund for BMP Facilities, funded by annual minimum of $713.69 (increasing 3% yearly) from base assessments. Inspection and Maintenance Fund ($3,012.18 minimum) may be general. (Article V Section 5(c) and (f))

Pets

Dogs, cats, or other usual and common household pets permitted; no commercial breeding; must be leashed when outside; owner liable for damage. (Article VI Section 9)

Leasing & rentals

Yes, for residential purposes only; minimum term of 12 months. (Article VI Section 7)

Parking & vehicles

Overnight parking on streets prohibited without Board consent. (Article VI Section 5(a): 'No overnight p)

Fences

Fences installed by Declarant or Association: Association maintains; Owner must not alter. Privacy fences and retaining walls subject to easements (Article X Section 15). Detailed fence regulations not provided but fences are mentioned as p (Article V Section 2(a); Article X Sectio)

Home business

Allowed if: operated by resident owner/tenant; no external signs; no significant traffic; no outdoor storage; all permits obtained; no employees except residents; owner obtains prior Board approval and annual registration; Board may require (Article VI Section 2)

Signs & flags

Generally prohibited except: (i) one for-sale/rent sign ≤6 sq ft inside window of dwelling; (ii) Declarant’s signs; (iii) subdivision identification signs; (iv) common area signs; (v) governmental signs. Political signs: Cover page states t (Article VI Section 4 and Cover page)

Use restrictions

All lots shall be used exclusively for residential purposes, except Declarant’s sales offices and approved home businesses. (Article VI Section 2)

Voting & meetings

Two classes: Class A – each Lot owned by non-Declarant owner gives one vote per Lot (multiple owners collectively one vote); Class B – Declarant gets three votes per owned Lot. Class B converts to Class A when Declarant control ends. (Article III Section 1)

Amendments

Referenced in Article XI Section 4 but specific provisions not visible; also restrictions on amending BMP Facilities section (Article V Section 5(k)) requiring City consent. (Article XI Section 4 (title only); Artic)

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