Woodchase Homeowners Association Inc

Key facts from Woodchase Homeowners Association Inc's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential planned community (Preamble and Article I, Section 12)

Legal name

Woodchase Homeowners Association, Inc. (Article I, Section 5)

Developer / declarant

First Capital Investments, LLC, a North Carolina limited liability company (Preamble)

Governing law

Chapter 47F of the General Statutes of North Carolina (Planned Community Act) (Article I, Section 25)

Assessments & dues

Maximum annual assessment for calendar year beginning January 1, 2001, and successive years established by Board of Directors (Article V, Section 3)

Special assessments

Special assessments for capital improvements require assent of two-thirds (2/3) of votes of each class of Members voting in person or by proxy at a duly called meeting (Article V, Section 4)

Collections & liens

Association may bring action against Owner personally and/or foreclose lien; Owner grants power of sale; Association may bid at foreclosure and acquire, hold, lease, mortgage, and convey the Lot (Article V, Section 8)

Reserves & fees

Association required to maintain adequate reserve fund for periodic maintenance, repair, and replacement of improvements to Common Area (Article V, Section 2)

Pets

No animals, livestock, or poultry shall be raised, bred, or kept, except no more than 2 dogs, 3 cats, and reasonable number of other normal household pets (Article IX, Section 10)

Leasing & rentals

Lease or rental of a Lot or Residential Unit for residential purposes is permitted if in compliance with Declaration and rules (Article IX, Section 7)

Parking & vehicles

No outside storage or parking of inoperable automobiles, commercial vehicles, trucks, tractors, mobile trailers, or transportation devices; must be stored in garage with door generally kept closed (Article IX, Section 9)

Fences

No fences, hedges, or walls shall be erected or maintained except those installed in accordance with plans approved by Association or Architectural Committee (Article IX, Section 12)

Architectural approval

No building, wall, fence, or other structure shall be commenced, erected, or maintained, nor repairs made, nor rebuilt after destruction until plans and specifications approved in writing by Declarant or Architectural Committee (Article VIII, Section 3)

Home business

No trade or business of any kind may be conducted on a Lot, except use of Lots as models and sales centers by Declarant (Article IX, Section 7)

Signs & flags

No sign of any kind displayed to public view on any Lot or Common Area without prior written consent of Board, except one temporary For Rent or For Sale sign per Lot not more than 24 inches by 36 inches (Article IX, Section 8)

Use restrictions

Each Lot shall be used for residential purposes only; no boarding house or rental of individual rooms (Article IX, Section 7)

Voting & meetings

Class A Members: one vote per Lot owned. Class B Member (Declarant): three times the regular vote for each Lot owned. (Article III, Section 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.