Holding Mills Townhomes

Key facts from Holding Mills Townhomes's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhome community (HOA) (Section 2.14 Townhome)

Legal name

Holding Mill HOA, Inc.

Units / lots

40 townhomes (SITE DATA - TOTAL LOTS/ = 40 TOWNHOMES)

Developer / declarant

11 INVESTMENTS, LLC, a North Carolina limited liability company (BK018291PG00692)

Assessments & dues

$900.00 per Lot per year (initial base assessment) (Section 6.3(c))

Special assessments

May be levied for unbudgeted/underbudgeted expenses or capital improvements; requires written consent of majority of Board and Declarant during Declarant Control Period (Section 6.4 Special Assessments)

Collections & liens

Assessments are a continuing lien on the Lot; Association may file lien in land records and foreclose; delinquent if not paid within 30 days after due date (Section 6.10)

Reserves & fees

Budget shall include contributions to reserve fund for repair/replacement of capital assets, based on separate reserve budget (Section 6.3)

Pets

Section 11.3 Animals (index only, content not provided) (Section 11.3)

Leasing & rentals

Section 11.16 Leasing (index only, content not provided) (Section 11.16)

Parking & vehicles

Section 11.22 Parking (index only, content not provided) (Section 11.22)

Fences

Section 11.14 Fences (index only, content not provided) (Section 11.14)

Architectural approval

Yes - no tree removal, site preparation, change in grade, erection of buildings, exterior additions/alterations, hedges, walls, or other Improvements without ACC approval (Section 8.1 General)

Solar & roof

Section 11.28 Solar Panels and Energy Conservation Equipment (index only, content not provided) (Section 11.28)

Signs & flags

Section 11.26 Signs (index only, content not provided) (Section 11.26)

Setbacks / home size

Minimum building setbacks: Front 18' max (Lots 1-18: 18'-23'), Street side 5', Side 0', Rear 5' (MINIMUM BUILDING SETBACKS on plat)

Maintenance

Association responsible for roof shingles and sheathing, gutters and downspouts (Section 6.2(b))

Insurance

Policies may contain a reasonable deductible (Section 7.1)

Use restrictions

Lots intended for residential purposes (Section 2.8 Lot)

Voting & meetings

Class A Members (all Owners except Declarant) - one vote per Lot owned; Class B Member (Declarant) - ten votes per Lot subject to Declaration (Section 5.2 Classes and Voting)

Amendments

First 20 years: approved by not less than 66.67% of Lot Owners; thereafter: 75% of Lot Owners; Declarant may amend without approval while owning one Lot or any Common Area; amendments must be recorded (Section 10.4 and Section 10.5)

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