Lees Creek Villas

Key facts from Lees Creek Villas's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Chad D. Terry, unmarried (Preamble)

Governing law

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

Assessments & dues

Maximum $840.00 total per year ($70.00 per month) until January 2011 (Article V, Section 3)

Special assessments

Levy for capital improvements with assent of two-thirds vote of Class A and Class B Members (Article V, Section 4)

Collections & liens

Assessments are a continuing lien on the Lot; Association may bring action to foreclose its lien (Article V, Section 1; Section 8)

Reserves & fees

Interest at 12% per annum from due date on unpaid assessments (Article V, Section 8)

Voting & meetings

Class A: each Owner one vote per Lot (except Declarant); Class B: Declarant three votes per Lot owned until conversion (Article IV, 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.