Bakers Landing Townhomes Associatio

Key facts from Bakers Landing Townhomes Associatio's documents

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

Community type

Townhome Association (Title)

Legal name

Bakers Landing Townhomes

Units / lots

60 lots (Lots 1-60 across Blocks 1-15) (Exhibit A)

Developer / declarant

Ammons, Inc. (Article I, Section 7)

Assessments & dues

Maximum annual assessment as of January 1, 2017: $2,400.00 per Lot per year (Article VI, Section 3)

Special assessments

Special assessments for capital improvements require 67% of votes of Members voting in person or by proxy at duly called meeting; notice 30-60 days in advance (Article VI, Section 4)

Collections & liens

Unpaid assessments become a continuing lien on the Lot; enforceable by foreclosure like a deed of trust with power of sale, or under Chapter 47F NCGS, or judicial foreclosure; defaulting Owner pays costs and reasonable attorney's fees (Article VI, Section 9)

Reserves & fees

Association shall provide adequate reserves for replacement of capital improvements and other major expenses (Article VI, Section 2)

Pets

Dogs, cats, or other household pets allowed; not for commercial purposes (Article X, Section 6)

Leasing & rentals

Leasing allowed subject to restrictions in Article X, Section 5 (Article X, Section 5)

Parking & vehicles

Each Lot entitled to use of not more than two automobile parking spaces; Association permanently assigns one vehicular parking space per dwelling (Article V, Section 3)

Fences

No fences or other similar structures or mass plantings permitted on a Lot (Article X, Section 7)

Architectural approval

No site preparation, initial construction, or subsequent alteration/modification without written approval from architectural committee (3+ reps appointed by Board) or Board (Article IX)

Home business

Business activities allowed within dwelling if: not apparent/detectable by sight/sound/smell from outside; conforms to zoning; no regular client/customer/supplier visits; no more than one business vehicle parked overnight; no parts/equipmen (Article X, Section 2(e))

Signs & flags

No signs, placards, posters, billboards, or identifying names/numbers displayed to public view except as allowed by Association (Article X, Section 2(f))

Maintenance

Association responsible for maintenance, repair, and replacement of roofs, roof vents, and chimney caps (Article VII(c))

Insurance

Board shall procure and maintain adequate liability and hazard insurance on property owned by the Association; may procure other policies including D&O and fidelity insurance (Article XIII, Section 3)

Use restrictions

Each Townhome shall be used as a single-family residence and for no other purpose (Article X, Section 2(a))

Voting & meetings

One vote per Lot owned; when multiple owners, they determine how to cast the single vote (Article IV, Section 1)

Amendments

Declaration may be amended by affirmative vote or written agreement of Owners of at least 67% of votes; amendment recorded in Wake County Registry; challenge must be brought within 1 year; amendments requiring City of Raleigh approval must (Article XIII, Section 5)

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