North Hills Place Owners Association Inc

Key facts from North Hills Place Owners Association Inc's documents

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

Community type

Townhome community (Preamble (WHEREAS clauses))

Legal name

North Hills Place Owners Association Inc

Units / lots

22 (Lots 1-22R inclusive) (Exhibit A)

Developer / declarant

HMC Development Corp. Incorporated (original declarant) (Preamble (WHEREAS clauses))

Governing law

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

Assessments & dues

$1,680.00 ($140.00 per month) per Lot until December 31, 2004 (Article IV, Section 3)

Special assessments

May be levied for capital improvements, repayment of indebtedness, or other purposes; requires same assent as Section 3(b) (two-thirds of votes cast); uniform rate for all Lots (Article IV, Section 5)

Collections & liens

Unpaid assessments are a continuing lien on the Lot and personal obligation of Owner; Association may bring action at law or in equity and/or foreclose lien; interest, late charges, costs, and reasonable attorneys' fees added (Article IV, Sections 1 and 7)

Reserves & fees

Assessments may fund a reserve fund for future repairs and replacements (Article IV, Section 2)

Pets

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

Leasing & rentals

Owner may lease or sublet Unit (Article X, Section 9)

Parking & vehicles

Association shall provide and maintain at least minimum number of parking spaces required by City of Raleigh; Board may assign parking spaces on equal, non-discriminatory basis (Article X, Section 6)

Fences

Fences require architectural approval; Association not responsible for maintaining any fence installed on any Lot (Article VIII and Article V, Section 1)

Architectural approval

No building, fence, sign, wall, or other structure, exterior addition or change, or major landscaping shall be commenced until plans and specifications submitted to and approved in writing by Architectural Committee (Article VIII)

Signs & flags

No signs displayed except as permitted by Association or required by City of Raleigh; one real estate 'For Sale' sign or 'For Sale By Owner' sign allowed in front yard, placed parallel to front walk, no closer than 4 feet to sidewalk; 'For (Article X, Section 5)

Maintenance

Association responsible for exterior maintenance of Units including painting, repair, replacement, and care of exterior building surfaces (including exterior doors installed as part of initial construction), roofs, gutters, downspouts, side (Article V, Section 1)

Insurance

Association shall procure and maintain adequate liability insurance in amount not less than $1,000,000.00; full replacement value hazard insurance on real and personal property owned by Association; officers', directors', and employees' lia (Article XI, Section 6)

Use restrictions

All Lots shall be used for residential purposes only; no trade, business, profession, or commercial activity unless permit issued by City of Raleigh (Article X, Section 1)

Voting & meetings

One vote per Lot; fractional voting not allowed; when multiple owners, vote exercised as they determine; no more than one vote per Lot (Article II, Section 2)

Amendments

Declaration may be amended by instrument signed by Owners of not less than 80% of the Lots; runs for 25 years from recording, then automatically extended for successive 10-year periods unless terminated or altered by vote of Owners (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.