Holland Station Townhomes Association Inc

Key facts from Holland Station Townhomes Association Inc's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhome community (Title and Article I definitions)

Legal name

Holland Station Townhomes Association, Inc., a North Carolina nonprofit corporation (Article I, 'Association' definition)

Developer / declarant

Holland Station Developers, LLC, a North Carolina limited liability company (Opening paragraph)

Governing law

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

Assessments & dues

Initial annual assessment: $1,740.00. Maximum Annual Assessment until Dec 31, 2018: $2,000.00 per Class A Lot. (Article IV, Sections 4.3 and 4.7)

Special assessments

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

Collections & liens

Assessments are a continuing lien on the Lot when claim of lien filed with Clerk of Superior Court, Wake County; Association may foreclose if unpaid after 30 days; may bid at foreclosure sale (Article IV, Sections 4.9 and 4.11)

Reserves & fees

Budget may include capital contribution or reserve; provision for adequate reserves for replacement of capital improvements (Article IV, Sections 4.1 and 4.7)

Pets

Dogs, cats, or other usual and common household pets in reasonable number as determined by Board (Article VI, Section 6.2(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/unsightly/inoperable vehicles in places other than enclosed garages prohibited; construction/servi (Article VI, Section 6.3(i))

Fences

No fence or fencing type barrier of any kind without prior written consent of ARC; Declarant may erect fencing on model home Lots; Board may erect fencing on Common Property; Owner responsible for maintaining any fence installed on Lot (Article VI, Section 6.3(w))

Architectural approval

No exterior construction, alteration, addition, or erection without written approval of Architectural Review Committee (Article VI, Section 6.3)

Solar & roof

No solar energy collector panels or attendant hardware or other energy conservation equipment unless integral and harmonious part of architectural design, as determined in sole discretion of ARC (Article VI, Section 6.3(bb))

Home business

Home office or business permitted 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 signs displayed to public view 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) political signs not more than 10 sq f (Article VI, Section 6.3(h))

Maintenance

Association maintains exterior roofing materials (shingles, decking, other surface roofing materials); Owner responsible for all other portions of roof system and any vents, fans, plumbing stacks, or other items attached to roof serving a s (Article V, Section 5.1(e)(ii))

Insurance

Policies may contain reasonable deductible; amount not subtracted from face amount in determining full replacement cost (Article VII, Section 7.4)

Use restrictions

All Lots shall be used for residential purposes exclusively, except sales offices, construction offices, model homes, and permitted home offices/businesses (Article VI, Section 6.2)

Voting & meetings

Class A Members (all Owners except Declarant): one vote per Lot. Class B Member (Declarant): nine votes per Lot owned until Declarant Control Period expires, then one vote per Lot. No fractional voting. (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.