Bryson Village Townhome Owners Association Inc

Key facts from Bryson Village Townhome Owners Association Inc's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhome Community (planned community within a master community) (Recital D; Article I)

Legal name

Bryson Village Townhome Owners Association Inc

Developer / declarant

D.R. Horton, Inc., a Delaware corporation (Preamble)

Governing law

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

Assessments & dues

Board prepares and approves budget at least 60 days before fiscal year; Base Assessments levied equally against all Townhome Lots (Section 9.3)

Special assessments

May be levied for unbudgeted expenses or expenses in excess of budget; requires affirmative vote or written consent of majority of Board and consent of Declarant during Declarant Control Period (Section 9.4)

Collections & liens

Unpaid assessments for 30+ days constitute a lien on the Lot; lien superior to all others except prior recorded liens and tax liens; foreclosure permitted after 90 days delinquency, including power of sale under Article 2A of Chapter 45 (ex (Sections 9.2, 9.8)

Reserves & fees

Budget must include contributions to reserve fund for repair/replacement of capital assets based on separate reserve budget (Section 9.3)

Pets

Not explicitly addressed in this document (pet enclosures mentioned in screening provision) (Section 4.3.11)

Leasing & rentals

Leasing is permitted; no rule may prohibit leasing or require consent for leasing (Section 4.5.3)

Parking & vehicles

Only licensed and operative vehicles classified as motorcycles, passenger cars, station wagons, passenger pick-up trucks or passenger vans may be regularly parked in driveways (Section 4.3.7)

Fences

Fences require approval under Master Declaration; Association not responsible for maintenance of fenced portions of Lots (Article V; Section 6.2)

Architectural approval

No structure or thing (including fences) shall be placed, erected, or installed and no improvements or work shall take place except pursuant to approval and in compliance with the Master Declaration (Article V)

Home business

Home business use ancillary to primary residential use is permitted, subject to Rules and Regulations and applicable laws (Section 4.1)

Signs & flags

No commercial signs; signs advertising Lot for sale/rent allowed if no larger than 18" x 24"; political signs subject to Rules and Regulations; Declarant's marketing signs exempt (Section 4.3.3)

Maintenance

Association responsible for paint, repair, replacement and care of roofs (Section 6.2)

Insurance

Reasonable deductible permitted; treated as Common Expense unless loss caused by Owner negligence/willful misconduct, then may be assessed against that Owner as Specific Assessment (Section 7.1.4)

Use restrictions

Townhome Lots and Common Area shall be used for residential and related purposes only (Section 4.1)

Voting & meetings

Two classes: Class A (Owners, 1 vote per Townhome Lot, max 1 vote per Lot regardless of number of Owners); Class B (Declarant, 1 vote per Lot owned plus 1 vote per Lot owned by others) (Section 3.2)

Amendments

Rules and Regulations may be amended by: Declarant unilaterally during Declarant Control Period; Board with 5 business days' notice and opportunity to be heard; Members representing more than 50% of total votes at duly called meeting (Section 4.4)

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