Grayscreek

Key facts from Grayscreek's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Grays Creek Homeowners Association, Inc., a North Carolina nonprofit corporation (Article I, "Association" definition)

Developer / declarant

Grays Creek Developers, LLC, a North Carolina limited liability company (Preamble)

Governing law

North Carolina Planned Community Act, Chapter 47P of the North Carolina General Statutes (Article I, "Act" definition)

Assessments & dues

Initial annual assessment is $400.00; Maximum Annual Assessment until December 31, 2014 is $450.00 per Class A Lot (Article IV, Sections 4.3 and 4.7)

Special assessments

Special assessments must be approved at a meeting by at least two-thirds (2/3) of the Total Association Vote (Article IV, Section 4.8)

Collections & liens

All assessments and charges, with interest, late fees, costs and reasonable attorney's fees, shall be a charge on the land and a continuing lien upon the Lot when a claim of lien is filed of record in the Office of the Clerk of Superior Cou (Article IV, Sections 4.9 and 4.11)

Reserves & fees

Assessments may include provision of adequate reserves for replacement of capital improvements including paving, stormwater facilities, street trees, and other major expenses (Article IV, Section 4.1)

Pets

Dogs, cats, or other usual and common household pets in reasonable number as determined by the Board; no animals, livestock, or poultry otherwise (Article VI, Section 6.3(m))

Leasing & rentals

Lots may be leased for residential purposes (Article VI, Section 6.3(k))

Parking & vehicles

Parking of vehicles on streets or thoroughfares prohibited; parking of commercial vehicles, mobile homes, RVs, boats, trailers, damaged/rusty/unkempt/stored/inoperable vehicles prohibited except in enclosed garages; construction/service/del (Article VI, Section 6.3(i)(i))

Fences

No fence or fencing type barrier of any kind shall be placed, erected, allowed, or maintained upon any Lot without prior written consent of the Architectural Review Committee; Declarant may erect fencing on model home Lots; Board may erect (Article VI, Section 6.3(w))

Architectural approval

No exterior construction, alteration, addition, or erection of any nature shall be commenced or placed upon any part of the Community without approval of the Architectural Review Committee (Article VI, Section 6.3)

Solar & roof

No solar energy collector panels or attendant hardware or other energy conservation equipment shall be constructed or installed unless they are an integral and harmonious part of the architectural design, as determined in the sole discretio (Article VI, Section 6.3(bb))

Home business

Permitted as ancillary use if principal use is single-family residential, permitted by local ordinances, not a nuisance, and conforms to Association rules; Board may permit business use in its sole discretion (Article VI, Section 6.2)

Signs & flags

No sign, including political signs, displayed to public view on any Lot except: (1) signs advertising Lots for sale during development/construction/sales period; (2) one sign not more than 10 sq ft advertising property for sale or rent; (3) (Article VI, Section 6.3(h))

Use restrictions

All Lots shall be used for residential purposes exclusively, except sales offices, construction offices and model homes; home office/business permitted if principal use is single-family residential and permitted by local ordinances and not (Article VI, Section 6.2)

Voting & meetings

Class A Members (all Owners except Class B) entitled to one vote per Lot owned; Class B Member (Declarant) entitled to nine votes per Lot owned during Declarant Control Period, then one vote per Lot; no fractional voting; only one vote cast (Article III, Section 3.2)

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