Villageaversboro

What Villageaversboro's governing documents say

This is the bylaws of The Village at Aversboro Homeowners Association, a North Carolina nonprofit corporation that governs a homeowners association (HOA) community. It outlines the rules for how the association is run, including meetings, voting, the executive board, and its powers and duties. This document is for homeowners in the community, as it defines how the HOA operates and what owners can expect.

• Meetings & voting: Annual meetings are held each year, with special meetings called by the president, board, or 10% of members. A quorum is 30% of votes, and each owner has one vote; joint owners act as a single unit. Proxies are allowed and last up to one year.
• Executive board: The board has 3-5 members, elected by owners at the annual meeting. Board members serve until the next annual meeting, can be removed per state law, and receive no compensation (though expenses may be reimbursed). The board meets quarterly and can act by unanimous written consent without a meeting.
• Board powers & duties: The board can adopt rules for common areas, suspend voting rights for unpaid assessments or rule violations (up to 60 days), hire a property manager, maintain insurance, and impose fees for common element use. It must maintain common elements, serve as the architectural committee, set annual assessments with 30 days' notice, and foreclose liens for unpaid assessments.
• Assessments & fees: The board fixes annual assessments at least 30 days before the period, sends written notice to owners, and can foreclose on liens if assessments are unpaid for 30 days. Owners can request a certificate of payment for a reasonable charge.
• Officers: Officers (president, vice-president, secretary/treasurer) are appointed by the board from among its members. Their duties include presiding at meetings, keeping records, managing finances, and preparing budgets and audits.
• Records & amendments: Association books and records are open to inspection by members and mortgagees during business hours. The bylaws can be amended by a majority vote of members at a regular or special meeting.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.