Morris Place Homeowners Association Inc

Key facts from Morris Place Homeowners Association Inc's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned community of attached single-family townhomes (Preamble)

Legal name

MORRIS PLACE HOMEOWNERS ASSOCIATION, INC. (Article I, Section 2)

Developer / declarant

DAN RYAN BUILDERS - NORTH CAROLINA, LLC, a North Carolina limited liability company (Opening paragraph)

Governing law

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

Assessments & dues

Maximum Annual Assessment until December 31, 2018: $1,740.00 per Class A Lot; Class B Lots: $0 (Article V, Section 3)

Special assessments

May be levied for capital improvements, debt repayment, or non-recurring expenses; requires approval by Declarant (during Declarant Control Period) and not less than 2/3 of Class A Members present and voting at a meeting; Class B Lots alway (Article V, Section 5)

Collections & liens

Assessments unpaid for 30+ days become a lien on the Lot upon filing a claim of lien per §47F-3-116; may be foreclosed; personal obligation of Owner at time assessment became due (Article V, Section 7)

Reserves & fees

Late charges established by Board from time to time (Article V, Section 1)

Pets

Reasonable number of cats, dogs, and other household pets may be kept, provided not kept/bred/maintained for commercial purpose and not a nuisance (Article X, Section 4)

Leasing & rentals

Owner may lease a Lot to residential tenants for profit (Article X, Section 1)

Parking & vehicles

Board may assign parking spaces on equal, non-discriminatory basis; Owner must provide make, model, color, and license plate number of each vehicle (Article X, Section 6)

Fences

Fences must meet zoning ordinance requirements and be approved per Declaration; chain-link fences not permitted; retaining walls and Declarant-installed entrance fences exempt (Article X, Section 9)

Architectural approval

No building, fence, awning, lawn statue, wall, garage, carport, playhouse, swimming pool, mailbox, or other structure shall be commenced, erected, or maintained, nor exterior addition/change/alteration made, until plans approved in writing (Article IX, Section 1(a))

Home business

No trade, business, profession, or other commercial activity shall be carried on upon any Lot, except as permitted by Town of Morrisville Code (Article X, Section 1)

Signs & flags

No sign of any kind displayed to public view on any Lot except: signs advertising Lots for sale during construction/sales period; one sign not more than 10 sq ft advertising property for sale or rent; political signs not more than 10 sq ft, (Article X, Section 5)

Maintenance

Association maintains exterior of Dwellings (roofs, gutters, downspouts, painting, exterior walls) excluding glass, windows, screen doors, and doors; Owner responsible for all other maintenance not assigned to Association (Article VI, Sections 1-2)

Insurance

Association must maintain hazard insurance on insurable improvements on Common Area at 100% of insurable value on replacement cost basis (unless 75% of first deed of trust holders approve otherwise) (Article VII, Section 3(c))

Use restrictions

All Lots shall be used for residential purposes only; no trade, business, profession, or commercial activity except as permitted by Town of Morrisville Code, showing Lots for sale/lease, and leasing to residential tenants (Article X, Section 1)

Voting & meetings

Two classes: Class A Members (owners of all Lots except those owned by Class B Member) get 1 vote per Lot; Class B Member (Declarant) gets 9 votes per Lot owned during Declarant Control Period, then 1 vote per Lot after (Article III, Section 2)

Amendments

During Declarant Control Period, Declarant may amend without Member consent; during first 25 years, amendment requires 80% of Lots; thereafter 75% of Lots; must be recorded in Wake and Durham County (Article XII, 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.