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)

Leasing & rentals

No rental for less than 30 days without prior written consent of Board (Article VIII, Section 1)

Parking & vehicles

No commercial vehicles (including those with advertising or lettering) may be parked within Property except temporarily for servicing (Article VIII, Section 9)

Architectural approval

No Exterior Structure or Improvement shall be commenced without prior approval of Architectural Control Committee (ACC) (Article VII, Section 1 and Section 3)

Home business

No commercial, business or professional purpose; except Owner may use portion of building as office if no regular customer traffic or sign (Article VIII, Section 1)

Signs & flags

No sign without Board consent except customary name/address signs, one "for sale" or "for rent" sign, and signs required by legal proceedings; also prohibits signs in vehicles or visible from outside (Article VIII, Section 7)

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.