Hayden Pk

Key facts from Hayden Pk's documents

Community type

Covenant / Planned Community

Legal name

Hayden Park

Governing law

North Carolina Planned Community Act, N.C. Gen. Stat.§§ 47F-1-101, et seq. (Article I (Definitions) and page 5)

Assessments & dues

Determined annually by Board of Directors based on estimated Annual Expenses (Article VI, Section 3)

Special assessments

Board may levy special assessments if budget inadequate or for capital improvements; each Improved Unit pays equal share (Article VI, Section 4)

Collections & liens

Unpaid assessments constitute a lien on the Unit, prior except taxes, first mortgage, and certain purchase-money second mortgages; Association may foreclose (Article VI, Section 1 and Section 7)

Reserves & fees

Board may determine amount deposited into reserve funds as part of budget; working capital reserve established from transfer fees (Article VI, Section 3 and Section 6)

Pets

Yes, dogs, cats and other customary household pets (Article VIII, Section 3)

Parking & vehicles

Recreational vehicles, mobile homes, trailers, campers, boats, and other oversized vehicles prohibited except within a garage (Article VIII, Section 9)

Architectural approval

60 days for initial construction of residence on Unimproved Lot; 30 days for modifications on Improved Lot; if not disapproved within that time, application deemed approved (Article VII, Section 4)

Maintenance

Association maintains Common Areas and exterior surfaces of Townhomes (roofs, gutters, walls, decks, etc.); Owner maintains interior and all other portions of Unit not maintained by Association (Article IX, Sections 1 and 2)

Insurance

Owner responsible for insurance on personal property and liability (Article X, Section 3)

Use restrictions

All Units restricted exclusively to single-family residential use (Article VIII, Section 1)

Voting & meetings

Class A: one vote per Unit; Class B (Declarant): 15 votes per Unit owned (Article V, Section 3)

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