Zztownhomesatpowellplace

Key facts from Zztownhomesatpowellplace's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhomes at Powell Place (Title)

Legal name

Townhomes of Powell Place Owners Association, Inc. (Article I - Association definition)

Developer / declarant

Evergreen Construction, Co., a North Carolina corporation (Opening paragraph)

Governing law

North Carolina Planned Community Act, N.C. Gen. Stat. §§ 47F-1-101, et seq. (Recitals)

Assessments & dues

Board estimates Annual Expenses, adopts budget, levies Annual Assessment; each Owner pays share = (Units owned / total Units) × Annual Assessment; may adjust by up to $100 for rounding (Article VI, Section 3)

Special assessments

Board may levy if budget inadequate or for capital improvements/repairs; each Improved Unit pays equal share (Article VI, Section 4)

Collections & liens

Assessments are a continuing lien on the Unit, prior to all other liens except ad valorem taxes, first priority mortgages, and secondary purchase money mortgages; Association may foreclose (Article VI, Section 1)

Reserves & fees

Working capital reserve fund established from special assessments on transfer/resale (Article VI, Section 6)

Pets

Yes - dogs, cats, and other customary household pets only (Article VIII, Section 3)

Leasing & rentals

Yes, but requires prior written consent of Board of Directors (Article VIII, Section 1)

Parking & vehicles

Vehicles only on driveway, designated parking space, or in garage; all vehicles must be kept in garage or driveway when not in use (Article VIII, Section 9)

Fences

Fences are Exterior Structures requiring ACC approval (Article VII, Section 3)

Architectural approval

Yes - no Exterior Structure or Improvement without ACC approval (Article VII, Section 1)

Home business

Owner may use portion of building as office if no regular customer/client traffic and no sign displayed (Article VIII, Section 1)

Signs & flags

No signs without Board consent, except customary name/address signs, one for-sale/for-rent sign, and signs required by legal proceedings (Article VIII, Section 7)

Setbacks / home size

Must meet square footage requirements in Plats (Article VII, Section 1)

Maintenance

Association maintains roofs (Article IX, Section 1)

Insurance

Article X, Section 1 addresses insurance on Common Areas (content not fully visible) (Table of Contents - Article X, Section 1)

Use restrictions

All Units restricted exclusively to single-family residential use; no commercial, business, or professional purpose (Article VIII, Section 1)

Voting & meetings

Two classes: Class A (all owners except Declarant) - non-voting until Declarant designates or Development Period ends, then 1 vote per Unit; Class B (Declarant only) - full voting until Class A gets full voting, then terminates (Article V, Section 3)

Amendments

Article XII addresses amendment (content not fully visible) (Table of Contents - Article XII)

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