Waslaw

Key facts from Waslaw's documents

Reflects the 2010 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Master Association (HOA) - owners hold fee simple title to Lots, Master Association owns Common Elements (Article 1, Sections 1.20, 1.21; Article )

Developer / declarant

Carolina Plantation Development Corporation, a North Carolina corporation (Preamble)

Governing law

Chapter 47F of the General Statutes of North Carolina (the Act) (Article 1, Section 1.1)

Assessments & dues

Board authorizes assessments from time to time; Base Assessment due in advance each year on first day of fiscal year unless Board otherwise provides (Article 10, Section 10.1(a),(b))

Special assessments

Authorized under Section 10.6 (Article 10, Section 10.6)

Collections & liens

Assessments are a continuing lien on each Lot until paid; also personal obligation of Owner (Article 10, Section 10.9)

Reserves & fees

Reserve Budget and Special Reserve Assessment provided in Section 10.5 (Article 10, Section 10.5)

Voting & meetings

Each Owner has one equal vote per Lot; only one vote per Lot. Co-Owners must agree on vote or it is suspended. (Article 3, Section 3.3(a),(c))

Amendments

Amendment requires consent of Declarant during Development Period; after termination, procedure not detailed in excerpt but Article 16.2 mentions amendment (Article 16, Section 16.2; Article 9, Sec)

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