Bridgewater West Townhome Association Inc

Key facts from Bridgewater West Townhome Association Inc's documents

Community type

Exclusive residential community of attached single-family townhomes (Preamble)

Legal name

Bridgewater West Townhome Association, Inc. (Article I, Section 2)

Developer / declarant

Bridgewater Land Resource LLC, a North Carolina limited liability company (Preamble)

Governing law

Chapter 47F of the North Carolina General Statutes (North Carolina Planned Community Act) (Article I, Section 1)

Special assessments

May be levied for capital improvements, debt repayment, or other purposes with same assent as Section 3(c) (2/3 vote of Class A members present) (Article V, Section 5)

Collections & liens

Unpaid assessments are a lien on the Lot; may be foreclosed as per G.S. 47F-3-116; lien subordinate to first mortgages (Article V, Sections 1, 7, 8)

Reserves & fees

Greater of $20 per month or 10% of unpaid assessment installment (or lesser as Board determines) (Article V, Section 7)

Pets

Reasonable number of cats, dogs, and other household pets allowed; not for commercial purpose; not a nuisance (Article X, Section 4)

Leasing & rentals

Owner may lease or sublet Unit (Article X, Section 8)

Parking & vehicles

Association provides minimum parking spaces required by Town; Board may assign spaces; no street parking except designated paved spaces (Article X, Section 6)

Architectural approval

No building, fence, sign, wall, exterior addition/change, or major landscaping without written approval of Declarant (or delegated authority) (Article XI)

Home business

Not permitted (no commercial activity on Lots) (Article X, Section 1)

Signs & flags

One 'For Sale' or 'For Rent' sign not exceeding 36"x24"; political signs ≤6 sq ft, not earlier than 60 days before election, removed within 2 days after; no signs on Common Area without consent; for-rent signs not in front yards but may be (Article X, Section 5)

Maintenance

Owner responsible for maintenance not Association's responsibility; Owner must keep Lot/Unit orderly and in suitable repair (Article VII, Section 2)

Insurance

Association must insure Common Area buildings/improvements at 100% insurable replacement value; public liability insurance ≥$1,000,000 per occurrence (Article XII, Section 3)

Use restrictions

All Lots shall be used for residential purposes only; no trade, business, profession, or commercial activity except as specified for Declarant/Builder (Article X, Section 1)

Voting & meetings

Class A Members: 1 vote per Lot owned. Class B Members (Declarant and Builders): 5 votes per Lot owned during Declarant Control Period; after that, 1 vote per Class B Lot owned. (Article III, 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.