Belmont Ridge Homeowners Association Inc

Key facts from Belmont Ridge Homeowners Association Inc's documents

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

Community type

Exclusive residential community of detached single-family homes (Preamble)

Legal name

Belmont Ridge Homeowners Association, Inc. (Article I, Section 2)

Units / lots

15 (Lots 1-15) (Exhibit A)

Developer / declarant

Baldwin Homes, Inc., a North Carolina Corporation (Preamble)

Governing law

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

Assessments & dues

Maximum Annual Assessment until December 31, 2004: $500.00 for each Class A Lot. (Article V, Section 3)

Special assessments

Association may levy special assessments for defraying cost of construction, reconstruction, repair or replacement of capital improvement upon Common Area, repayment of indebtedness, or any other purpose, with same assent of Members as prov (Article V, Section 5)

Collections & liens

All assessments unpaid when due, together with interest, late charges, and costs of collection including reasonable attorneys' fees, shall be a charge on the land and a continuing lien upon the Lot. Association may bring action at law or in (Article V, Section 1 and Section 7)

Reserves & fees

Assessment not paid within 10 days after due date shall incur such late charge as Board of Directors may establish. (Article V, Section 7)

Leasing & rentals

An Owner may lease or sublet his/her dwelling; however, any lease or sublease must be for at least six (6) months, in writing and contain a specific provision requiring tenant to obey the Declaration and rules and regulations. If Owner fail (Article III, Section 3)

Architectural approval

After occupancy of dwelling, no building, fence, sign (including unit identification signs), wall or other structure shall be commenced, constructed, erected or maintained upon such Lot, nor shall any exterior addition to or change or alter (Article VIII)

Voting & meetings

Two classes of membership: Class A Members (Owners of all Lots except those owned by Class B Member) entitled to one (1) vote per Lot owned; Class B Member (Declarant) entitled to three (3) votes per Lot owned. Upon expiration of Declarant (Article III, Section 2)

Amendments

Covenants and restrictions shall run and bind the land for a term of 25 years from date Declaration is recorded, after which time they shall be automatically extended for successive periods of 10 years unless terminated or altered by vote o (Article IX, Section 3)

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