Knowles Place Townhomes

Key facts from Knowles Place Townhomes's documents

Reflects the 1983 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhouse (Title and Property Description (Units 1–)

Developer / declarant

Guardian Apartments, a North Carolina General Partnership (First paragraph)

Assessments & dues

Maximum $336.00 per lot initially (Article IV Section 3)

Special assessments

Permitted for capital improvements, with assent of 2/3 of votes of each class (Article IV Section 4)

Collections & liens

Annual and special assessments, with interest, costs, and attorney's fees, constitute a lien on the lot and may be foreclosed. Lien is subordinate to first mortgage and ad valorem taxes. (Article IV Section 1, Section 8, Section)

Reserves & fees

Interest from due date at highest rate permitted by law on assessments unpaid after 30 days (Article IV Section 8)

Pets

Yes, dogs, cats, or other household pets not kept for commercial purposes (Article IX Section 4)

Parking & vehicles

Association may regulate parking on Common Area; no boats or trailers on public streets (Article II Section 4)

Fences

Subject to architectural control under Article VI (Article VI)

Architectural approval

Yes, for any building, fence, sign, wall, or other structure, and for any exterior addition, change, or alteration (Article VI)

Home business

Not expressly prohibited if incidental to residential use, but main use must be residential (Article IX Section 2 – 'purposes inciden)

Signs & flags

Subject to architectural control; requires prior approval of Board or architectural committee (Article VI)

Setbacks / home size

1,150 square feet of main structure, exclusive of open porches and decks (Article IX Section 5)

Maintenance

Association (Article VIII – 'paint, repair, replace a)

Use restrictions

Yes, except temporary office/model of Declarant (Article IX Section 2)

Voting & meetings

Two classes: Class A (owners, one vote per lot), Class B (Declarant, three votes per lot owned). Class B ceases when Class A votes equal Class B votes or on January 1, 1987, whichever earlier. (Article III, Section 2)

Amendments

During first 20 years: by instrument signed by at least 90% of lot owners. Thereafter: by 75% of lot owners. Amendments affecting city-required provisions require city approval (deemed approved if no response in 30 days). Must be recorded. (Article XI 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.