Hollypointe

Key facts from Hollypointe's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Exclusive residential community of detached single-family homes and town homes (Preamble)

Legal name

Holly Pointe Homeowners Association, Inc. (Preamble; Article I, Section 2)

Developer / declarant

Holly Pointe, 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)

Assessments & dues

Maximum Annual Assessment until December 31, 2006: $800.00 per Class A Lot (Exhibit B). Initial annual assessment shall be the Maximum Annual Assessment unless Board sets lower amount. (Article V, Section 3; Section 4)

Special assessments

May be levied for capital improvements, debt repayment, or other purposes with same assent as increase in Section 3(b) (majority of votes cast of each class). Uniform rate for all Lots within each class. (Article V, Section 5)

Collections & liens

Unpaid assessments, interest, late charges, costs, and reasonable attorneys' fees are a continuing lien on the Lot and personal obligation of Owner at time assessment fell due. Association may bring action at law/equity and/or foreclose lie (Article V, Section 1; Section 7)

Reserves & fees

Assessment not paid within 10 days after due date incurs late charge established by Board. (Article V, Section 7)

Leasing & rentals

Yes, Owner may lease or sublet dwelling, but lease must be for at least six (6) months, in writing, and contain a provision binding tenant to the Declaration and rules. Owner must furnish Association a copy of any lease. (Article III, Section 3)

Architectural approval

After occupancy, no building, fence, sign, wall, or other structure shall be commenced, constructed, erected, or maintained; no exterior addition/change/alteration; no building permit; no major landscaping without prior written approval of (Article VIII)

Voting & meetings

Class A Members (all Owners except Declarant): one vote per Lot. Class B Member (Declarant): three votes per Lot owned during Declarant Control Period; after that, one vote per Lot. No fractional voting; no more than one vote per Lot. (Article III, Section 2)

Amendments

Covenants run for 25 years from recording, then automatically extended for successive 10-year periods unless terminated/altered by vote. During Declarant Control Period, Declarant may amend to conform to governmental law/regulation without (Article IX, 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.