Cotswolds (NC)

Key facts from Cotswolds (NC)'s documents

Community type

Covenant / Planned Community

Developer / declarant

THE COTSWOLDS DEVELOPMENT CO., INC.

Governing law

North Carolina Planned Community Act, Chapter 47F of the General Statutes (Recital 4)

Assessments & dues

At least 30 days in advance of each annual assessment, the Board of Directors shall fix the amount of the annual assessment against each Lot and send written notice. (Article III Section 6)

Reserves & fees

Association may include a reserve fund in reasonable amount in anticipation of maintenance costs. (Article III Section 2)

Home business

No trade or business shall be carried on upon any Lot, but this restriction shall not prohibit a home occupation which does not cause any noxious or offensive activity within The Cotswolds. (Article V Section 16)

Signs & flags

No permanent signs of any kind displayed to public view on any Lot. A sign of not more than five square feet advertising property for sale or rent allowed upon a Lot after occupancy. Declarant may erect entrance signs and designation signs. (Article V Section 12)

Use restrictions

All Lots shall be used, improved and devoted exclusively to residential use. (Article V Section 1)

Voting & meetings

Two classes: Class A (all Owners except Declarant) entitled to 1 vote per Lot; Class B (Declarant) entitled to 3 votes per each of 90 contemplated Lots. Class B ceases when Class A votes equal Class B votes or on December 1, 2014, whichever (Article II 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.