Madden West Community Association Inc

Key facts from Madden West Community Association Inc's documents

Community type

Covenant / Planned Community

Legal name

Madden West Community Association Inc

Developer / declarant

D.R. Horton, Inc.

Governing law

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

Assessments & dues

Board shall prepare and approve budget of estimated Common Expenses at least sixty (60) days before beginning of each fiscal year. Budget includes reserve fund contributions. Base Assessments levied equally against all Lots subject to asses (Section 9.3)

Special assessments

Association may levy Special Assessments to cover unbudgeted expenses or expenses in excess of budgeted. May be levied against entire membership. Requires affirmative vote or written consent of majority of Board and consent of Declarant dur (Section 9.4)

Collections & liens

All sums assessed, with late charges, interest, costs, attorney's fees, and Administrative Fee, when remaining unpaid for thirty (30) days or longer, secured by lien on Lot in favor of Association when Association files claim of lien in Wak (Section 9.2)

Reserves & fees

Association required to maintain adequate reserve fund for periodic maintenance, repair, and replacement of Stormwater Control Facilities out of assessment levied. Budget shall include contributions to reserve fund for repair/replacement of (Sections 9.1, 9.3)

Pets

All Owners strictly liable for damage/injury caused by their pets. Each Owner shall indemnify, defend, and hold harmless the Association and its officers, directors, employees, committee members, managers, and agents from all claims arising (Section 4.3.15)

Leasing & rentals

No rule shall prohibit leasing or transfer of any Lot or require consent of Association or Board for leasing or transfer; however, Association may require minimum lease term of six (6) months and otherwise regulate leasing, excepting FHA/VA (Section 4.5.3)

Parking & vehicles

Only licensed and operative vehicles classified as passenger cars, station wagons, passenger pick-up trucks, or passenger vans may be regularly parked in driveways. Recreational vehicles must be screened from view. No vehicle on Lot may be (Section 4.3.8)

Architectural approval

No structure or thing, including fences, shall be placed, erected, or installed upon any Lot and no improvements or other work (including staking, clearing, excavation, grading, site work, exterior alterations, planting/removal of landscapi (Section 5.1)

Solar & roof

No solar panels or other equipment installed on a Lot that, after installation, are visible by a person on the ground: (1) on facade facing common/public access areas; (2) on roof surface sloping downward toward such areas; or (3) within ar (Section 4.3.14)

Home business

Home business use ancillary to primary residential use is permitted, subject to Rules and Regulations and applicable laws. (Section 4.1)

Signs & flags

No signs, billboards, or advertising displayed to public view on any Lot, right of way, or Common Areas. Exceptions: Declarant's marketing/construction signs; professionally prepared signs advertising a Lot for sale or rent, not larger than (Section 4.3.4)

Insurance

Policies may provide for reasonable deductible. In event of insured loss, deductible treated as Common Expense. However, if Board reasonably determines loss resulted from negligence or willful misconduct of Owner(s), guests, invitees, or le (Section 7.1.4)

Use restrictions

Lots and Common Areas shall be used for residential and related purposes only, subject to Governing Documents. Declarant, Association, and approved builders may maintain business/management offices, information centers, model homes, and sal (Section 4.1)

Voting & meetings

Two classes: Class A (all Owners except Declarant) - one vote per Lot, no more than one vote per Lot regardless of number of Owners; Class B (Declarant) - three votes for each Lot it owns plus one vote for each Lot owned by others. Class B (Section 3.3)

Amendments

Not fully specified in this document excerpt. (Article X (referenced but not fully incl)

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