Northampton Homeowners Association Inc

Key facts from Northampton Homeowners Association Inc's documents

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

Community type

Exclusive residential community of detached single-family homes (Preamble)

Legal name

Northampton Homeowners Association, Inc.

Developer / declarant

ST. LAWRENCE HOMES, INC., a North Carolina corporation (Preamble)

Governing law

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

Assessments & dues

Maximum Annual Assessment until December 31, 2002: $120.00 per Class A Lot (Article V, Section 3)

Special assessments

May be levied for capital improvements, debt repayment, or other purposes with same assent as Section 3(b) (2/3 vote) (Article V, Section 5)

Collections & liens

Unpaid assessments, interest, late charges, and costs of collection including attorneys' fees are a continuing lien on the Lot; Association may foreclose lien (Article V, Section 1 and Section 7)

Reserves & fees

Working capital fund for unforeseen expenditures or additional equipment/services (Article V, Section 10)

Leasing & rentals

Owner may lease or sublet dwelling (Article III, Section 3)

Parking & vehicles

Association may tow vehicles in violation of parking rules (Article IX, Section 9)

Fences

Fences require approval under Article VIII (Article VIII)

Architectural approval

No building, fence, sign, wall, exterior alteration, or major landscaping without written approval of Declarant (or delegated authority) (Article VIII)

Solar & roof

Architectural Guidelines may establish exterior color or finish, roofing material, etc. (Article VIII)

Signs & flags

No building, fence, sign (including unit identification signs) wall or other structure shall be commenced without approval (Article VIII)

Setbacks / home size

If any part of dwelling is located closer than 5 feet from Lot line, Owner has access easement over adjoining Lot for repair/maintenance (Article VII, Section 3)

Maintenance

Association maintains Common Area; Owners maintain their Lots and Common Area easements on their Lots (Article IV, Section 4)

Insurance

Association shall procure and maintain adequate liability insurance (not less than $1,000,000) and full replacement value hazard insurance on real and personal property owned by Association (Article IX, Section 8)

Use restrictions

Community is for detached single-family homes (Preamble)

Voting & meetings

Class A Members: one vote per Lot owned; Class B Member (Declarant): three votes per Lot owned during Declarant Control Period, then one vote per Lot after (Article III, Section 2)

Amendments

During first 25 years, amendment requires instrument signed by Owners of not less than 80% of Lots; thereafter 75%; Declarant may amend during Declarant Control Period to conform to governmental requirements; FHA/VA approval if required (Article IX, Section 3)

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