The Gates

Key facts from The Gates's documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (HOA) – townhouse development with common areas (Article I Definitions (Association); Art)

Units / lots

At least 17 (Lots 1 through 17 inclusive excepted from common area); additional lots may be added per recorded subdivision map (Declaration Book 128 Page 480 (exception)

Developer / declarant

The Gates Development Co., a North Carolina General Partnership (Declaration first paragraph)

Assessments & dues

Board may set annual assessment up to maximum; increases by CPI without vote; larger increases require 2/3 vote of each class. (Declaration Article IV Section 3(a)(b))

Special assessments

Permitted for capital improvements with assent of 2/3 votes of each class. (Declaration Article IV Section 4)

Collections & liens

Assessments (including interest, costs, attorney's fees) are a continuing lien on the lot; Association may foreclose the lien. (Declaration Article IV Sections 1, 8)

Pets

Yes, but limited to dogs, cats, or other household pets not to exceed two total, only one may be a dog. No commercial purpose. (Declaration Article VIII Section 3)

Parking & vehicles

No vehicles shall be stored if inoperable and/or lacking valid state license tags. (Declaration Article VIII Section 6)

Signs & flags

No signs (including for rent/sale) without prior written permission of Board; excluded are contractor/developer signs for new construction; signs not to exceed 32 sq. ft. (Declaration Article VIII Section 7)

Use restrictions

No lot shall be used except for residential purposes. (Declaration Article VIII Section 1)

Amendments

First 20 years: amendment requires instrument signed by not less than 90% of lot owners. Thereafter: 75% of lot owners. Amendment must be recorded. (Declaration Article X 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.