Foxridge (NC)

Key facts from Foxridge (NC)'s documents

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

Community type

Single-family townhomes (Recitals)

Legal name

The Townhomes at Fox Ridge Association, Inc. (Article I, definition of "Association")

Developer / declarant

Mulvaney Homes, Inc. and Mitchco, Inc. (Preamble)

Governing law

North Carolina Planned Community Act, General Statutes of North Carolina Sections 47F-1-101 through 47F-3-120 (Article I, definition of "Act")

Assessments & dues

Executive Board estimates Annual Expenses, adopts budget, levies equal assessment on each Lot (except Declarant-owned Lots). (Article V, Section 6)

Special assessments

Executive Board may levy special assessments for inadequate budget or capital improvements; also individual assessments for fines, damages, costs. (Article V, Section 7)

Collections & liens

Unpaid assessments become lien after 30 days when claim of lien filed; lien prior to all others except taxes, prior recorded liens, first mortgages, and certain purchase money mortgages. Association may foreclose. (Article V, Sections 1 and 9)

Reserves & fees

Executive Board determines reserve funding for repair/replacement of Townhomes and Common Elements. (Article V, Section 3)

Pets

Yes, up to 2 household pets per Lot/Townhome. (Article VIII, Section 4)

Parking & vehicles

Automobiles must be parked on pavement area on the Lot, in operating condition, with current license tag and sticker. (Article III, Section 7)

Fences

Fences only in rear yard, must conform to Approved Fence Details, require prior written approval of Executive Board. (Article VII, Section 1(b); Article VII, )

Architectural approval

Yes, for any building, fence, wall, garage, carport, playhouse, swimming pool, mailbox, or other structure, and for exterior additions, changes, or alterations. (Article VII, Section 2(a))

Solar & roof

Changes in roofing material or paint color require approval. (Article VII, Section 2(a))

Home business

Owner may use portion of Townhome as office if no regular customer/client traffic and no sign identifying business. (Article VIII, Section 1(b))

Signs & flags

No sign without prior written consent of Executive Board, except customary name/address signs and one 'for rent' or 'for sale' sign. Includes signs visible from outside inside Townhome and signs on motor vehicles. (Article VIII, Section 5)

Setbacks / home size

No structure other than fence may encroach beyond front, side, or rear building set-back lines depicted on Plat. (Article VII, Section 1(b))

Maintenance

Association (exterior of Townhomes includes roof). (Article IX, Section 1)

Insurance

Deductible allocated among persons responsible for maintenance/repair of damaged property. (Article VI, Section 3)

Use restrictions

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

Voting & meetings

Class A members (owners) get 1 vote per Lot; Class B member (Declarant) gets 4 votes per Lot. Class A is non-voting except on specified matters until Class B terminates. (Article IV, Section 3)

Amendments

Amendment requires approval of owners of at least 67% of Lots and Declarant (if Declarant owns any Lot); must be recorded with certification by President. (Article X)

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