Legacy at Renaissance

Key facts from Legacy at Renaissance's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Attached single-family townhomes within a planned community (Renaissance Park) (Preamble)

Legal name

Legacy Townhomes at Renaissance Park Association, Inc. (Article I, Section 2)

Developer / declarant

Mungo Homes of North Carolina, Inc., a North Carolina corporation (Opening paragraph)

Governing law

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

Assessments & dues

Maximum Annual Assessment until December 31, 2011: $744.00 per Class A Lot. Class B Lots and Developer-owned lots: $0 (unless occupied as residence, then Class A rate). (Article V, Section 3; Article V, Section)

Special assessments

Requires approval by Declarant (during control period) and not less than 2/3 of Class A votes present and voting at a meeting; quorum 60% of each class; special assessment for Class B lots always zero (Article V, Section 5)

Collections & liens

Unpaid assessments become a continuing lien on the lot after 30 days; may be foreclosed under the Act; subordinate to first mortgages; foreclosure of first mortgage extinguishes prior assessment liens (Article V, Sections 7 and 8)

Reserves & fees

Working capital fund established; no explicit reserve fund requirement mentioned (Article V, Section 10)

Pets

Reasonable number of cats, dogs, and other household pets allowed, provided not kept for commercial purpose and not a nuisance (Article X, Section 4)

Leasing & rentals

Not explicitly prohibited; vacant/leased dwellings have voting restrictions (49% weight limit) (Article III, Section 4)

Parking & vehicles

Board may assign parking spaces on equal, non-discriminatory basis; owners must provide vehicle information (make, model, color, license plate) (Article X, Section 6)

Fences

Fences must meet Zoning Ordinance requirements and be approved per Declaration; chain-link fences not permitted; retaining walls and Declarant-installed entrance fences exempt (Article X, Section 9)

Architectural approval

Architectural review and approval required for any improvement or modification, per Article IX of the Master Declaration (Article IX)

Home business

No trade, business, profession, or other commercial activity on any lot, except as permitted by City of Raleigh Code (Article X, Section 1)

Signs & flags

No signs except: (1) signs advertising lots for sale during construction/sales period; (2) one sign not exceeding 10 sq ft advertising property for sale or rent; (3) political signs not exceeding 10 sq ft, placed no earlier than 60 days bef (Article X, Section 5)

Maintenance

Association responsible for repair, replacement, and care of roofs (Article VI, Section 1)

Insurance

Association must maintain hazard insurance on insurable improvements on Sub-Association Common Area at 100% of insurable value (replacement cost basis) (Article VII, Section 3(c))

Use restrictions

All lots shall be used for residential purposes only; no trade, business, profession, or commercial activity except as permitted by City of Raleigh Code or by Declarant for sales/construction (Article X, Section 1)

Voting & meetings

Class A Members (owners of lots other than Declarant): 1 vote per lot. Class B Member (Declarant): 9 votes per lot owned, plus 9 votes per lot owned by Developer. After Declarant Control Period, Declarant gets 1 vote per lot. (Article III, Section 2)

Amendments

During Declarant Control Period, Declarant may amend without member consent to conform to law or correct errors. Otherwise: within first 25 years, requires 80% of lot owners; thereafter, 75%. Must be recorded. (Article XII, Section 2)

Amenities

No specific amenities listed; Sub-Association Common Area includes private streets, curbs, sidewalks, storm water facilities, water/sewer lines (Article I, Section 17)

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