Avent Acres Community Association Inc

Key facts from Avent Acres Community Association Inc's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Avent Acres Community Association, Inc. (Preamble; Article I(a))

Developer / declarant

Sol, Inc., a North Carolina Corporation (Preamble)

Governing law

North Carolina Nonprofit Corporation Act (implied by incorporation under North Carolina law) (Preamble; Article I(a))

Assessments & dues

Maximum Regular Annual Assessment: $13.00 per month per Residential Unit before pool certificate of occupancy; $23.00 per month after pool certificate of occupancy (Article V Section 3(b) and (c))

Special assessments

Allowed for capital improvements, additions, facilities, loan repayment; requires 75% approval of votes cast at duly called meeting; cannot exceed maximum regular annual assessment in any year except for emergencies (Article V Section 4)

Collections & liens

Assessments are a continuing lien on the property; Association may bring action at law; lien subordinate to first deeds of trust (Article V Section 1; Section 9; Section )

Reserves & fees

Association shall establish reserve funds for major repairs, emergencies, new services, and periodic maintenance (Article V Section 5)

Parking & vehicles

Each Property Owner must provide off-street parking space prior to occupancy (Article VII Section 2(c))

Fences

Fences require prior written approval; no specific height or material restrictions stated (Article VII Section 2(a))

Architectural approval

Yes, for any building, fence, or other structure; also for exterior alterations, signs, mailboxes, and removal of certain trees (Article VII Section 2(a), (d), (f), (k))

Solar & roof

Exterior color or finish subject to approval; no specific restrictions (Article VII Section 2(a))

Signs & flags

No sign shall be erected or maintained until approved in writing by Declarant; Declarant may establish Uniform Sign Regulations (Article VII Section 2(d))

Maintenance

Association responsible for common properties and certain services; Owners responsible for their own property (Article VI)

Insurance

All buildings and improvements on Common Areas insured at 100% insurable replacement value; coverage includes fire and extended coverage (Article VI Section 3(j)(ii))

Use restrictions

Residential Lots approved for single-family detached, duplex, patio home, condominium, townhouse, cooperative, or apartment units (Article I(t))

Voting & meetings

Two types: Type A (all Owners of Residential Units, excluding Declarant) - 1 vote per Residential Unit; Type B (Declarant/Developer) - 20 votes per Residential Unit owned (Article III Section 2)

Amendments

Amendments require 2/3 vote of each type of Member at duly called meeting; notice at least 30 days prior; Declarant consent required while controlling Board; certain amendments allowed without Owner consent for agency approvals (Article VIII 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.