Ramblewood Townhome Owners Association Inc

What Ramblewood Townhome Owners Association Inc's governing documents say

Ramblewood Townhome Owners Association Inc (Raleigh, NC) is a townhome community governed by a Declaration, Bylaws, and this 2008 amendment to the Bylaws. This document amends four specific procedures — budget notice, budget ratification, special assessments, and Bylaws amendments — but does not restate the full rules of the community.

• Budget notice to owners: After the Executive Board adopts a proposed budget, they must provide a summary to all owners within 30 days and set a meeting to consider ratification no less than 10 nor more than 60 days after mailing the summary.
• Budget ratification: The proposed budget is automatically ratified unless the percentage of votes set in Section 5.3.2 of the Declaration vote against it at the ratification meeting.
• Special assessments: The association may levy a special assessment for reconstruction, repair, or replacement of common elements, but only if approved by owners holding at least 67% of the total association vote, cast in person or by proxy at a duly held meeting.
• Amending the Bylaws: These Bylaws may be amended by an instrument signed by owners holding at least 66% of the votes in the association — unless a different larger percentage is required by the governing documents for specific actions, in which case that larger percentage must sign.
• What this document doesn't cover: This is only a partial amendment. It does not state the community's use restrictions (e.g., leasing, pets, parking), architectural guidelines, maintenance obligations, fees, or any other rules from the original Bylaws or Declaration. Those documents must be consulted separately.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.