Laurelbrook Homeowners Association

Key facts from Laurelbrook Homeowners Association's documents

Reflects the 1988 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Laurelbrook Homeowners Association

Developer / declarant

Planned Properties, Inc., a North Carolina corporation (Preamble)

Governing law

North Carolina law (non-profit corporation) (Recitals; Article I, Section 1)

Assessments & dues

Maximum annual assessment for Attached Units: $397.20 per Class A Lot ($33.10/month); $180.00 per Class B Lot ($11.03/month). For Detached Units: 45% of the attached unit assessment. (Article V, Section 3)

Special assessments

May levy special assessments for capital improvements on Common Area or exterior repair/reconstruction of attached townhouse units, with same 2/3 vote requirement as annual increases; only attached townhouse members vote on exterior repair (Article V, Section 4)

Collections & liens

Assessments are a continuing lien on the Lot; HOA may bring action at law against the Owner personally obligated to pay; lien is subordinate to first mortgages/deeds of trust. (Article V, Sections 1, 8, 9)

Reserves & fees

$10.00 if not paid within 10 days after due date. (Article V, Section 8)

Pets

Dogs, cats, or other household pets may be kept, provided not for commercial purposes. (Article X, Section 3)

Leasing & rentals

Not explicitly prohibited; tenants may use Common Area if they occupy as principal residence in Wake County. (Article IV, Section 2(b))

Parking & vehicles

Each attached dwelling unit Owner entitled to at least two parking spaces, one specifically assigned by Declarant; Board may reassign. Visitor parking spaces not to be used by Owners; visitors may use for up to one week. (Article IV, Section 3(a)-(b))

Fences

Fences require architectural approval; if Owner installs a fence preventing access for maintenance, Association has no obligation to maintain such Lot. (Article VI; Article VII)

Architectural approval

No building, fence, wall, or other structure shall be commenced, erected, or maintained, nor exterior addition/change/alteration made, until plans and specifications approved in writing by Board or architectural control committee. (Article VI)

Solar & roof

Not specifically addressed (covered under architectural control) (Article VI)

Home business

Not specifically addressed (only residential use restriction) (Article X, Section 1)

Signs & flags

No signs or advertising devices visible from outside without prior written permission of Board, except as required by Raleigh City Code. Declarant may post temporary 'For Sale' signs until 21 units owned by Declarant have been sold. (Article X, Section 8)

Maintenance

Association responsible for roofs on attached townhomes. (Article VII)

Insurance

Association shall maintain hazard insurance on property owned by Association (Common Area improvements) at 100% of insurable value on replacement cost basis. (Article XIII, Section 1(d))

Use restrictions

All Lots shall be used for residential purposes only; only one family may occupy a Lot as principal residence at any one time. (Article X, Section 1)

Voting & meetings

Each Class A Lot has one vote; each Class B Lot (owned by Declarant) has three votes. Class B converts to Class A when votes equal or on December 31, 1990, whichever first occurs. (Article III, Section 2)

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