Retreat at Mallory Creek HOA Inc

What Retreat at Mallory Creek HOA Inc's governing documents say

This is a supplemental declaration and amendment for Mallory Creek Plantation, a homeowners' association (HOA) in Leland, NC. It adds a new tract (Tract 3) to the existing HOA and modifies certain rules for that tract, including architectural control, assessment timing, and amenity fees. The document is an amendment to the main declaration, not a standalone rulebook.

• What this document covers: This document adds a new parcel (Tract 3) to the Mallory Creek Plantation HOA and amends the original declaration and annexation agreement. It does not contain the full set of community rules; you must also read the main declaration.
• Architectural review exemption: For Tract 3, the architectural control provisions in Article VIII, Sections 1 and 2 of the original declaration do not apply. This means the developer (Pinnacle) has separate architectural control over that tract.
• Assessment timing for builder lots: For lots in Tract 3 sold to a builder who will construct a unit for resale, assessments do not begin until the builder sells the completed unit to a homeowner. For other lots, assessments start upon deed acceptance.
• Amenity contribution fee: The developer of Tract 3 must pay $1,000 per new townhome to the HOA for access to existing amenities. A prepayment of $200,000 is due within 60 days of recording the first townhome lot, covering the first 200 units; thereafter, payment is due at each closing.
• Lot density and construction materials: The maximum number of lots/units in Tract 3 is capped at 220 (removing the previous 4-unit-per-acre limit). The requirement for brick construction on lots abutting Mallory Creek Drive has been removed.
• Membership class for Tract 3 owners: Owners of lots in Tract 3 are designated as Class E members of the HOA, with the same voting rights as other members (one vote per lot).
• What this document doesn't cover: This document does not cover general HOA rules such as pet restrictions, leasing terms, parking, or maintenance responsibilities. Those are in the main declaration, which is not provided here.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.