Thornton Commons Townhome Association Inc

Key facts from Thornton Commons Townhome Association Inc's documents

Community type

Covenant / Planned Community

Legal name

Thornton Commons Townhome Association, Inc. (Article I, Section 2)

Developer / declarant

Puckett Bynum Development, LLC, a North Carolina limited liability company (Preamble)

Governing law

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

Special assessments

Association may levy special assessments for capital improvements, repayment of indebtedness, or any other purpose, with same assent as provided in Section 4 and in ratios provided in Section 3(b). (Article V, Section 5)

Collections & liens

Unpaid assessment constitutes a lien on the Lot when claim of lien filed of record in Office of Clerk of Superior Court, Wake County, as set forth in G.S. 47F-3-116. Association may foreclose lien. (Article V, Section 7)

Reserves & fees

Assessment not paid within 10 days after due date incurs late charge as established by Board. (Article V, Section 7)

Pets

Reasonable number of cats, dogs, and other household pets may be kept provided not kept/bred/maintained for commercial purpose and do not become nuisance. No animals/livestock/poultry of any kind otherwise. (Article X, Section 4)

Leasing & rentals

Owner may lease or sublet Unit, provided lease/sublease is for at least six (6) months, in writing, and contains specified provision requiring tenant to obey Declaration and rules. (Article X, Section 8)

Parking & vehicles

Association shall provide and maintain at least minimum number of parking spaces required by City of Raleigh. Board may assign parking spaces to Owners on equal, non-discriminatory basis. Owner must provide make, model, color, license plate (Article X, Section 6)

Signs & flags

No signs displayed on any Lot except: unit identification signs as required by Raleigh City Code; one 'For Sale' or 'For Rent' sign not exceeding 36" x 24"; political signs not more than 10 square feet, not placed earlier than 60 days befor (Article X, Section 5)

Use restrictions

All Lots shall be used for residential purposes only. No trade, business, profession or other commercial activity shall be carried on upon any Lot, except Declarant/Builder/real estate brokers/Owners may show Lots for sale or lease. (Article X, Section 1)

Voting & meetings

Three classes of membership: Class A (Owners of all Lots except those owned by Class B or C) - one vote per Lot; Class B (Declarant) - three votes per Lot owned; Class C (Builder) - treated as Class B for voting and assessment purposes. (Article III, Section 2)

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