Brook Meadow Homeowners Association Inc

Key facts from Brook Meadow Homeowners Association Inc's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Brook Meadow Homeowners Association, Inc. (Article I, Definitions)

Developer / declarant

Elm Street Builders, LLC (Preamble)

Governing law

North Carolina Planned Community Act, N.C.G.S. §§47F-1-101 through 47F-3-121 (Article I, Definitions)

Assessments & dues

Initial Base Assessment maximum $130 per month until December 31, 2019 (Article VI, Section 3)

Special assessments

Requires approval by Declarant during control period and by not less than two-thirds of Class A votes present and voting at a meeting; special assessment for Declarant lots always zero (Article VI, Section 4)

Collections & liens

Assessments unpaid for 30 days become a lien on the Lot; may be foreclosed; lien subordinate to first mortgages; foreclosure of first mortgage extinguishes prior assessment liens (Article VI, Sections 6 and 7)

Reserves & fees

Not explicitly mentioned; working capital fund established (Article VI, Section 8)

Pets

Dogs, cats, or other common household pets allowed, but not for commercial purposes; no dog houses, dog runs, or similar structures (Article IX, Section 6)

Leasing & rentals

Owner may rent Dwelling to residential tenants for profit (Article IX, Section 1(c))

Parking & vehicles

No boat, trailer, boat trailer, camper, truck, or utility trailer openly stored or repaired on any part of property without permission; may be stored in garage; automobiles must be parked on paved area, in operating condition, with current (Article IX, Section 5)

Fences

Fences shall be wood or black metal only; no chain-link or other metal fences (Article IX, Section 11 (second occurrenc)

Architectural approval

No building, fence, awning, lawn statue, wall, garage, carport, playhouse, swimming pool, mailbox, or other structure commenced, erected, or maintained, nor exterior addition/change/alteration made, until plans approved in writing by Execut (Article VIII, Section 1(a))

Home business

Owner may use portion of Dwelling as office if no regular customer/client traffic and no sign displayed (Article IX, Section 1(b))

Signs & flags

No signs without prior written consent of Executive Board, except customary name/address signs, one 'for sale' sign, and political signs protected by Constitution; Declarant may erect signs on owned lots and Common Area (Article IX, Section 7)

Maintenance

Owner responsible for maintenance of Lot and Dwelling; Association responsible for Common Elements (Article X, Section 1 and Article III, Se)

Insurance

Association must maintain casualty insurance on all improvements on Common Elements at 100% replacement cost; also comprehensive public liability insurance (Article III, Section 4 and Article VII, )

Use restrictions

All Lots restricted exclusively to single-family residential use; no commercial, business, or professional purpose (Article IX, Section 1)

Voting & meetings

Two classes: Class A (all owners except Class B) and Class B (Declarant). Class A non-voting until Class B terminates, except on specified matters. Class A gets 1 vote per Lot when voting. Class B gets 20 votes per Lot owned during control (Article V, Section 3)

Amendments

Amendment requires approval of 67% of Lots not owned by Declarant, Declarant if owns any Lot, and Institutional Lenders holding 50% of Lots; Declarant may amend without consent while owning property (Article XI, Sections 1 and 3)

Amenities

Common Elements include BMP and mailbox kiosk; no pool, clubhouse, etc. mentioned (Article I, Definitions)

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