Courtyardscary

Key facts from Courtyardscary's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned community under the North Carolina Planned Community Act (Article I, Section 1.1)

Legal name

The Courtyards at Cary Homeowners Association, Inc. (Article II, Section 2.1 ("Association"))

Developer / declarant

EPCON GLC-CARY, LLC, a North Carolina limited liability company (Preamble)

Governing law

North Carolina Planned Community Act, N.C.G.S. § 47F-1-101, et seq. (Article I, Section 1.1)

Assessments & dues

Board budgets for Common Expenses and levies General Assessments on all Lots subject to assessment (Article VIII, Section 8.2)

Special assessments

Special Assessments may be levied in accordance with Section 8.3 (Article II, Section 2.1 ("Special Assess)

Collections & liens

Assessments constitute a lien on the Lot (Article VIII, Section 8.6) (Table of Contents, Article VIII, Section)

Reserves & fees

Administrative transfer fee may be charged (Article XV, Section 15.2) (Table of Contents, Article XV, Section 1)

Pets

Not explicitly stated in this document; however, reference to pets in maintenance context (Section 7.2(h)) implies pets are allowed (Article VII, Section 7.2(h))

Leasing & rentals

No rule shall prohibit leasing or transfer of any Lot, or require consent for leasing/transfer (Article III, Section 3.4(h))

Fences

Fences installed by Declarant are part of Maintained Areas; Owners may not remove trees, shrubs, or similar vegetation without prior approval (Article V, Section 5.1; Article II, Sect)

Architectural approval

No structure or thing shall be placed, erected, or installed upon any Lot and no improvements or other work shall take place without prior written approval from Declarant or its designee (initially), then ARC (Article IV, Sections 4.1 and 4.2)

Signs & flags

No rule shall permit display of signs on a Lot or Common Area, except time/place/manner restrictions and religious/holiday displays; political signs permitted subject to time/place/manner restrictions (Article III, Section 3.4(d))

Maintenance

Owner responsible for roof maintenance, repair, and replacement (Article V, Section 5.1)

Insurance

Deductible treated as Common Expense unless loss due to negligence/willful misconduct of Owner, then assessed as Specific Assessment (Article VII, Section 7.3(b))

Use restrictions

Lots intended for development, use, and occupancy as detached or attached residences (Article II, Section 2.1 ("Lot"))

Voting & meetings

Class "A" Members: one vote per Lot. Class "B" Member: no vote based on Lots owned, but consent required for various actions and may appoint Board during Class "B" Control Period (Article VI, Section 6.3)

Amendments

Amendment by Declarant (Section 17.1) or by Members (Section 17.2); validity and effective date (Section 17.3); exhibits (Section 17.4); greenway (Section 17.5) (Table of Contents, Article XVII)

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