Downing Glen Homeowners Association Inc

Key facts from Downing Glen Homeowners Association Inc's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential community of single-family housing (Preamble (WHEREAS clause))

Legal name

Downing Glen Homeowners Association, Inc., a North Carolina nonprofit corporation (Article I, Definitions - "Association")

Developer / declarant

D.R. Horton, Inc.-Torrey, a Delaware corporation (Preamble)

Governing law

North Carolina law (nonprofit corporation) (Article I, Definitions - "Association" ()

Assessments & dues

Board prepares proposed budget; meeting of Owners to consider ratification; budget mailed at least 30 days before end of fiscal year; effective unless disapproved by majority of Total Association Vote; quorum not required (Article IV, Section 4.7)

Special assessments

Must be approved at a meeting by two-thirds (2/3) of Total Association Vote; Board determines payment terms; may be paid in installments beyond fiscal year (Article IV, Section 4.9)

Collections & liens

Assessments are a continuing lien on the Lot; lien attaches upon filing claim of lien if assessment unpaid after 30 days; Association may foreclose by any method allowed by law; Association may bid at foreclosure sale (Article IV, Sections 4.3, 4.10, 4.12)

Reserves & fees

Late charge in amount set by Board for assessments delinquent more than 10 days (Article IV, Section 4.12)

Pets

Dogs, cats, or other usual and common household pets in reasonable number as determined by Board; no animals, livestock, or poultry except those pets (Article VI, Section 6.3(m))

Leasing & rentals

Lots may be leased for residential purposes (Article VI, Section 6.3(k))

Parking & vehicles

No vehicles, boats, motor homes, trailers, or recreational vehicles/trailers may be left on Community for more than 5 days unless stored in garage or Board-designated area; unlicensed/inoperable vehicles may not be stored at any time unless (Article VI, Section 6.3(i)(i))

Fences

No fence without ARC written consent; no fence closer to street than rear one-third of residence; generally only shadow-box style privacy fencing (6 ft max, dog-eared, unpainted cedar) or 4 ft max rough sawn open board or split rail, unpain (Article VI, Section 6.3(w))

Architectural approval

No exterior construction, alteration, addition, or erection without prior written approval of Architectural Review Committee (except Declarant-installed or expressly permitted) (Article VI, Section 6.3)

Solar & roof

No solar energy collector panels or energy conservation equipment unless integral and harmonious part of architectural design as determined by ARC in its sole discretion (Article VI, Section 6.3(bb))

Home business

Board may permit business if it does not violate Declaration/By-Laws, does not create disturbance, and does not unduly increase traffic or parking congestion; Board may issue rules (Article VI, Section 6.2)

Signs & flags

No sign without ARC written consent; Board and Declarant may erect reasonable signs; 'For Sale'/'For Rent' and security signs consistent with Community-Wide Standard allowed; provisions not apply to first Mortgagee purchaser at foreclosure (Article VI, Section 6.3(h))

Insurance

Board shall obtain insurance for all insurable improvements on Common Property; minimum fire and extended coverage including vandalism and malicious mischief; full replacement cost; alternatively all-risk coverage (Article VII, Section 7.1)

Use restrictions

All Lots shall be used for residential purposes exclusively; no business or business activity without written Board approval; leasing not considered business (Article VI, Section 6.2)

Voting & meetings

One vote per Lot owned; maximum one vote per Lot; if multiple owners, vote exercised as they determine and advise Secretary; vote suspended if more than one person seeks to exercise it (Article III, Section 3.2)

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