Miravalle Owners Association Inc

Key facts from Miravalle Owners Association Inc's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Miravalle Owners Association, Inc. (Preamble; Article II, Section 1)

Units / lots

9 (Lots 1-9) (Article I)

Developer / declarant

Silvermist Investments, LLC (Preamble)

Governing law

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

Assessments & dues

Maximum $1,200.00 per Lot as of recording date (Article V, Section 4)

Special assessments

May levy special assessment for capital improvements with assent of 75% of votes of each class of Members present at a duly called meeting (Article V, Section 5)

Collections & liens

Assessments are a continuing lien on the Lot; Association may foreclose lien under Power of Sale pursuant to Chapter 45 NCGS or Chapter 47F NCGS; personal obligation of Owner when assessment made (Article V, Sections 1, 10)

Reserves & fees

Association shall establish and maintain adequate reserve fund for periodic maintenance, repair and replacement of improvements to Common Area (Article V, Section 3)

Pets

Dogs, cats, or other household pets allowed, but not for commercial purposes; no exotic animals or animals requiring permits; no chickens, pigs, horses, goats, sheep, cows, or traditional livestock of any size including pygmy/miniature vari (Article VII, Section 4)

Leasing & rentals

Owner may let/rent entire residence; no portion leased separately; residential purposes only; written leases with minimum term of 12 months; no subleasing; no transient housing, hotel purposes, or bed and breakfast (Article VII, Section 6)

Parking & vehicles

Parking only in enclosed garage or driveway; no parking on Common Area; no parking on streets except temporary per Board rules; no boats, trailers, commercial vehicles, campers, motor homes, tractors, golf carts, motorcycles, RVs on streets (Article VII, Section 12)

Fences

No fence or fencing-type barrier without prior written ARC consent; no fence, wall, hedge or mass planting closer to front street than front of residence except upon ARC approval (Article VII, Section 8)

Architectural approval

No building, sign, fence, hedge, wall, walk, dog house, landscaping, ornaments, statues, grading, site improvement or other improvements/structures without prior written ARC approval (Article VI, Section 1(b))

Solar & roof

Solar collectors only after ARC approval; application must include type, photo, and drawing of proposed location; restrictions on placement if visible from common/public areas; ARC may require screening; supports/wires/hardware must be pain (Article VII, Section 14)

Home business

No trade or business or commercial activity without written Board approval; Board may grant if it does not violate Declaration, create disturbance, or unduly increase traffic/parking congestion (Article VII, Section 2)

Signs & flags

No sign without ARC approval except: (a) one 18x18 inch For Sale/For Rent sign; (b) professional security signs; (c) signs required by legal proceedings; (d) temporary event signs max 24 hours before and removed immediately after; (e) one p (Article VII, Section 9)

Setbacks / home size

All yard and setback requirements shall comply with applicable local government or county setback regulations, as well as any setback requirements depicted on the Plat (Article VI, Section 4(b))

Maintenance

Association maintains Common Area including entrance signs, stormwater devices, central mailbox unit and associated parking; Owners maintain their Lots and all improvements thereon (Article VI, Sections 2-3)

Insurance

All buildings/improvements owned by Association on Common Area and personal property insured at not less than 80% of replacement cost after deductible; coverage for fire and other hazards; waiver of subrogation clauses required (Article VIII, Section 1(b))

Use restrictions

No portion of Property (except temporary Declarant offices/models) shall be used except for single family residential purposes and incidental/accessory purposes (Article VII, Section 2)

Voting & meetings

Class A Members (all Owners except Declarant): 1 vote per Lot owned. Class B Member (Declarant): 9 votes per Lot owned. Class B terminates at end of Declarant Control Period. (Article IV, Section 2)

Amendments

Covenants run with land for 20 years from recording, then automatically extended for successive 10-year periods; during Declarant Control Period, Declarant may unilaterally amend without membership approval; otherwise amendment requires aff (Article X, 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.