Riverside Attached Townhomes Association Inc

Key facts from Riverside Attached Townhomes Association Inc's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhome community (Title; Recitals)

Legal name

Riverside Attached Townhomes Association, Inc. (Article I, 'Association' definition)

Units / lots

Lots 5 through 17, inclusive (13 lots) (Article II, Section 1)

Developer / declarant

Pulte Home Corporation, a Michigan corporation (Preamble)

Governing law

North Carolina Planned Community Act, General Statutes of North Carolina Sections 47F-1-101 through 47F-3-120 (Article I, 'Act' definition)

Assessments & dues

Executive Board estimates Annual Expenses, adopts budget, and levies equal assessment against each Lot (excluding Declarant-owned Lots) (Article V, Section 4)

Special assessments

Executive Board may levy special assessments for inadequate budget or capital improvements/repairs; equal share per Lot (excluding Declarant-owned) (Article V, Section 5)

Collections & liens

Unpaid assessments for 30 days constitute a lien on the Lot when claim of lien filed; lien is prior except for taxes, prior recorded liens, first mortgages, and certain purchase money mortgages (Article V, Section 1)

Reserves & fees

Executive Board determines reserve amounts for repair/replacement of Common Elements improvements (Article V, Section 3)

Pets

Reasonable number of household pets allowed, but not for breeding or commercial purposes, and not a source of annoyance (Article VIII, Section 4)

Parking & vehicles

No boat, trailer, boat trailer, camper, truck or utility trailer stored or repaired without Executive Board permission; automobiles must be parked on pavement, in operating condition, with current license tag; no parking on streets except d (Article III, Section 8)

Fences

Fences only in Backyard Area, entirely in rear of Townhome; must conform to Approved Fence Details; gate must have no lock or locking device (Article VII, Section 1(b); Article IX, S)

Architectural approval

No building, fence, wall, garage, carport, playhouse, swimming pool, mailbox or other structure, or exterior addition/change/alteration, without written approval of Executive Board (Article VII, Section 2(a))

Home business

Owner may use portion of Townhome as office if no regular customer/client traffic and no sign displayed (Article VIII, Section 1(b))

Signs & flags

No signs without prior written consent of Executive Board, except customary name and address signs; includes signs visible from outside or on motor vehicles (Article VIII, Section 5)

Setbacks / home size

No structure other than fence may encroach beyond front, side, or rear building set-back lines depicted on Plat (Article VII, Section 1(b))

Maintenance

Owner of each Townhome maintains and repairs roof (Article IX, Section 1)

Insurance

Association must maintain casualty insurance on Common Elements improvements (except Driveway) at no less than 80% replacement cost, and comprehensive public liability insurance (Article III, Section 4)

Use restrictions

All Lots restricted exclusively to single-family residential use; no commercial, business, or professional purpose (Article VIII, Section 1)

Voting & meetings

Class A members (owners) get 1 vote per Lot; Class B member (Declarant) has full voting rights until termination (Article IV, Section 3)

Amendments

Amendment requires approval of owners of at least 67% of Lots not owned by Declarant, Declarant (if owns any Lot), and HUD/VA if Class B membership not terminated; must be recorded (Article X)

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