Villages at Austin Creek

Key facts from Villages at Austin Creek's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

VILLAS OF AUSTIN CREEK HOMEOWNERS ASSOCIATION, INC.

Developer / declarant

Villages of Austin Creek, LLC (First paragraph)

Governing law

Chapter 47F of the North Carolina General Statutes (WHEREAS, third recital)

Assessments & dues

Maximum $1,800.00 per Lot for 2006 (Article IV, Section 3: "maximum annual a)

Special assessments

Permitted for capital improvements with 2/3 vote of each class (Article IV, Section 5)

Collections & liens

Yes, unpaid assessments become a lien and can be foreclosed (Article IV, Section 2 and Section 6)

Reserves & fees

Board shall provide adequate reserves for repairs and replacements of Common Property, Landscaped Rights-of-Way and Roadway Medians (Article V, Section 2(h))

Parking & vehicles

Prohibited (Article V, Section 6: "free of... non-op)

Home business

Prohibited (except declarant activities and construction) (Article VI, Section 2: "no business acti)

Maintenance

Owner maintains Lot and structures; Association maintains Common Property, entry features, medians, Landscaped Rights-of-Way, private streets (Article V, Sections 2 and 6)

Voting & meetings

Two classes: Class A (lot owners, 1 vote per lot) and Class B (Declarant, full voting until conversion) (Article III, Section 2)

Amendments

As provided in Article XII, Section 4 (not in provided text); Board may adopt rules and regulations without member consent (Article VI, Section 1)

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