Braxton Village Homeowners Association Inc

Key facts from Braxton Village Homeowners Association Inc's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Braxton Village Homeowners Association

Developer / declarant

Braxton Village, L.L.C., a North Carolina Limited Liability Company (Preamble)

Assessments & dues

Maximum Regular Annual Assessment: $8.00/month for Residential Lot or Family Dwelling Unit owned by Developer or Builder; $15.00/month for Residential Lot or Family Dwelling Unit owned other than by Developer or Builder (Schedule 1)

Special assessments

May be levied for construction, reconstruction, remodeling, improvement, maintenance, repair, or replacement of Common Properties; additions; facilities/equipment for services; repayment of loans. Requires 2/3 Member consent and Company con (Article V, Section 4)

Collections & liens

Assessments are a continuing lien on the property and personal obligation of Owner; if not paid within 30 days after due date, Association may file suit to recover amounts and/or enforce lien by sale of lot (Article V, Section 7)

Reserves & fees

Association shall establish reserve funds from Annual Assessments for major rehabilitation/repairs, emergency repairs, or initial costs of new services (Article V, Section 5)

Pets

Not explicitly stated; but noxious animals prohibited (Article VII, Section 2(C))

Leasing & rentals

Not explicitly prohibited; Tenants defined and have rights (Article I(V) and Article IV, Section 1)

Parking & vehicles

Each lot owner shall provide for off-street parking for a minimum of two (2) automobiles prior to occupancy (Article VII, Section 2(B))

Fences

Fences require architectural committee approval (Article VII, Section 2(A))

Architectural approval

No building, fence, or other improvement shall be constructed, erected, placed, or altered on any lot until plans and specifications approved in writing by the architectural committee (Article VII, Section 2(A))

Solar & roof

Exterior materials, colors, and finishes, roofing material, driveway material, and landscape design subject to approval (Article VII, Section 2(A))

Signs & flags

No sign other than a single 'For Sale' or 'Sold' sign, and signs at the sales office, shall be placed on any lot unless otherwise approved in writing by the architectural committee (Article VII, Section 2(C))

Setbacks / home size

Plat must show location, topography, finished elevation, drainage, and setbacks (Article VII, Section 2(A))

Maintenance

Association responsible for maintenance and operation of all Common Properties; Owners responsible for their lots and dwellings (Article IV, Section 2(C) and Article VII)

Insurance

All buildings and improvements upon the land and all personal property included in the Common Areas and facilities shall be insured in an amount equal to 100% insurable replacement value, covering fire and other hazards, with waiver of subr (Article VI, Section 3(J)(2))

Use restrictions

Properties intended for use as Single Family Dwelling, including Single-Family Detached Dwelling, Townhome, or Patio Home (or Zero lot line) (Article I(G))

Voting & meetings

Class A: one vote per Family Dwelling Unit or Residential Lot owned; Class B: seven votes per Family Dwelling Unit or Residential Lot in which it holds fee interest (Article III, Section 2(A) and (B))

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