Timber Ridge

Key facts from Timber Ridge's documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision (Preamble: 'the Property... shall be comp)

Legal name

Timber Ridge Homeowners Association, Inc. (Article I, Section 2: 'Association shall)

Developer / declarant

Timber Ridge Associates, a North Carolina general partnership (First page of Declaration and Protective)

Assessments & dues

Initial maximum $24.00 per lot through December 31, 1995 (Article IV, Section 3(a): 'initial maxim)

Special assessments

Allowed for capital improvements or extraordinary maintenance with 2/3 vote of each class (Article IV, Section 4)

Collections & liens

Assessment lien on lot; enforceable under NC Gen. Stat. Art. 2A of Ch. 45; personal obligation also exists (Article IV, Section 1 (lien), Section 9 )

Reserves & fees

Board may create reserve fund for periodic maintenance, repair, replacement of Common Properties improvements (Article IV, Section 5)

Parking & vehicles

Adequate off-street parking must be provided by each Owner. No truck, mobile home, recreational vehicle, tractor, commercial vehicle, trailer or camper may be stored or parked overnight unless enclosed in a garage or concealed from view. (Protective Covenants, Paragraph 14)

Fences

No fence, wall, hedge or mass planting without prior approval of Architectural Committee (Protective Covenants, Paragraph 13)

Architectural approval

Committee must act within 30 days of submission; failure to approve within 30 days results in deemed denial (Article V: 'within thirty (30) days afte)

Signs & flags

Prohibited unless approved by Architectural Committee or in conformity with Committee size/design/time limits and local ordinances (Protective Covenants, Paragraph 10)

Setbacks / home size

Building minimum: 30' from front street right-of-way, 8' from side lot line, 20' from rear lot line (Protective Covenants, Paragraph 11)

Use restrictions

Yes, lots may be used only for residential purposes; no business or commercial use (Protective Covenants, Paragraph 23: 'No )

Voting & meetings

Two classes: Class A (owners except Declarant) – 1 vote per lot; Class B (Declarant) – 3 votes per lot until conversion (Article III, Section 2)

Amendments

Declaration: by instrument signed by at least 66 2/3% of Lot Owners; amendments without membership approval by Declarant before first lot sale, for annexation, or to correct errors (Article X, Sections 3,4); Protective Covenants: unless ame (Declaration Article X; Protective Covena)

Amenities

Not created initially; intention not to create Common Properties, but Declarant reserves right to establish them. Association may contribute to Parkside Homeowners Association for entrance signs/areas. (Article II, Section 1; Article IV, Secti)

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