Abbington Ridge Townhome Association Inc The

Key facts from Abbington Ridge Townhome Association Inc The's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhome Association (sub-association within a master-planned community) (Preamble; Article I, Section 2)

Legal name

Abbington Ridge Townhome Association, Inc.

Units / lots

104 townhome units maximum (Article II, Section 4)

Developer / declarant

Rock Quarry Associates, L.L.C., a North Carolina Limited Liability Company (Preamble)

Assessments & dues

Maximum $732.00 per Class A Lot ($61.00/month); $183.00 per Class B Lot ($15.25/month) until January 1, 2006 (Article V, Section 3)

Special assessments

Allowed for capital improvements, debt repayment, or other purposes with same approval as assessment increase (2/3 of Class B and 2/3 of Class A votes cast) (Article V, Section 4)

Collections & liens

Unpaid assessments are a lien on the lot and personal obligation of owner; Association may foreclose; lien subordinate to first mortgages; foreclosure of first mortgage extinguishes prior assessment liens (Article V, Sections 1, 8, 9)

Reserves & fees

Late charge as determined by Board if not paid within 10 days after due date (Article V, Section 8)

Pets

Yes - dogs, cats, or other household pets allowed, but not for commercial purposes (Article X, Section 6)

Leasing & rentals

Yes - Owner may lease or sublet unit (Article III, Section 3)

Parking & vehicles

Vehicles may be parked/stored only on improved surfaces (garage, driveway, carport, parking pad); no unenclosed parking except paved driveway and attached pad for max 2 vehicles; driveway/pad must be asphalt, concrete, or brick pavers (Article X, Section 5)

Fences

No fence closer to street than front/side setback; chain-link or metal fencing prohibited except 2"x4" mesh with split-rail for animals; must meet zoning and be approved (Article X, Section 3)

Architectural approval

Yes - no building, fence, wall, exterior alteration, or major landscaping without written approval of Declarant (or delegated Architectural Committee) (Article VIII)

Home business

No business, trade, or activity unless permitted by Raleigh Board of Adjustments (Article X, Section 7)

Signs & flags

No signs except: sales signs during construction/sales period, one sign up to 10 sq ft for sale/rent, political signs up to 10 sq ft (max 60 days before election, removed within 2 days after) (Article X, Section 8)

Setbacks / home size

Minimum heated square footage: 900 sq ft (Article X, Section 2)

Maintenance

Townhome Association responsible for roof repair/replacement (Article IX, Section 1)

Insurance

Liability insurance ≥ $1,000,000; full replacement value hazard insurance on Association-owned property; officers'/directors'/employees' liability insurance (Article X, Section 8; Article IV, Sectio)

Use restrictions

No use not permissible under applicable governmental residential zoning regulations (Article X, Section 1)

Voting & meetings

Class A Lots: 1 vote per lot; Class B Lots (Declarant-owned): 3 votes per lot; Class B converts to Class A on July 31, 2007 or when Class A votes equal Class B votes (Article III, Section 2)

Amendments

First 25 years: 75% of Owners; thereafter: 60% of Owners; must be approved by Raleigh City Attorney and recorded; FHA/VA approval required while Class B Lots exist (Article XI, Section 3)

Amenities

No specific amenities listed; recreational facilities may be constructed on Townhome Common Area (Article IV, Section 1(a))

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