Duncansridge

Key facts from Duncansridge's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Duncan's Ridge Association, Inc. (Article I(a))

Developer / declarant

DUNCAN'S RIDGE PARTNERS, LLC, a North Carolina Limited Liability Company (Preamble)

Assessments & dues

Maximum Regular Annual Assessment is $120.00 per Lot from January 1, 2005 (Article V, Section 3(a))

Special assessments

May be levied for capital improvements, additions, facilities, loan repayment; requires 75% vote of votes cast at duly called meeting; cannot exceed maximum regular annual assessment in any year except for emergency repairs (Article V, Section 4)

Collections & liens

Unpaid assessments become a continuing lien on the land and improvements; Association may bring action at law against Owner personally; lien subordinate to first deed of trust (Article V, Sections 8 and 9)

Reserves & fees

Association shall establish reserve funds for major rehabilitation, emergency repairs, initial costs of new services, periodic maintenance of Common Properties (Article V, Section 5)

Pets

Dogs, cats or other household pets may be kept for companionship (Article IX)

Parking & vehicles

Each Property Owner shall provide space for parking off public streets prior to occupancy (Article VII, Section 2(b))

Fences

Fencing must be kept in reasonable repair; no barbed wire or chain-link fencing; all boundary fencing shall be constructed of wood material (Article XII)

Architectural approval

No building, fence, mailbox or other structure shall be erected, placed, or altered, nor shall a building permit be applied for until plans approved in writing by Declarant or Architectural Review Board (Article VII, Section 2(a))

Signs & flags

No sign shall be erected or maintained until proposed size, color, content, number, and location approved in writing by Declarant; Realtor's signs expressly permitted (Article VII, Section 2(c))

Setbacks / home size

No building nearer than 10 feet from adjacent interior side subdivision property line nor within 50 feet of front or rear property lines; eaves, steps, open porches not considered part of building (Article VII, Section 1(e))

Maintenance

Association authorized to own/maintain Common Properties for entrances (signs, irrigation, landscaping) and maintenance/repair of Drainage Easements and Open Space (Article VI, Section 1)

Insurance

Public liability insurance with limits of no less than One Million Dollars ($1,000,000.00) per occurrence, including endorsement to cover liability of Owners as a group or single Owner (Article VI, Section 2(h)(1))

Use restrictions

No Lot shall be used except for single family residential purposes and an apartment within the Owner's dwelling as set forth (Article VII, Section 1(a))

Voting & meetings

Type A Members (all Owners except Declarant) have 1 vote per Lot; Type B Member (Declarant) has 5 votes per Lot owned (Article III, Section 2)

Amendments

Amendments require two-thirds (2/3) of votes of each type of Member cast at duly called meeting; notice at least 30 days prior; effective date no less than 60 days after meeting; Declarant consent required while Declarant controls Board; De (Article XIII, Section 2)

Amenities

No specific amenities listed; Common Properties include entrances, drainage easements, open space (Article VI, Section 1)

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