Larue Towns Homeowners Association Inc

Key facts from Larue Towns Homeowners Association Inc's documents

Community type

Covenant / Planned Community

Legal name

LARUE TOWNS HOMEOWNERS ASSOCIATION, INC., a North Carolina nonprofit corporation (Article I, Section 2)

Developer / declarant

DRB GROUP NORTH CAROLINA, LLC, a North Carolina limited liability company (Preamble)

Governing law

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

Assessments & dues

Maximum Annual Assessment until December 31, 2024 is $1,524.00 per Class A Lot; Class B Lots assessed at zero (Article V, Section 3)

Special assessments

May be levied for capital improvements, repayment of indebtedness, or non-recurring expenses; requires approval by Declarant (during Declarant Control Period) and not less than 2/3 of votes of Class A Members present and voting at a meeting (Article V, Section 6)

Collections & liens

Assessments unpaid for 30 days or longer, with late charges, interest, and costs of collection, become a charge on the Owner's Lot as provided in §47F-3-116; continuing lien until paid; may be foreclosed; first mortgage holder acquiring tit (Article V, Section 8)

Pets

Reasonable number of cats, dogs, and other household pets may be kept, provided not kept, bred, or maintained for commercial purpose and do not become a nuisance; Board determines if animal is a nuisance and may require removal (Article X, Section 5)

Leasing & rentals

Any lease or sublease must be for at least twelve (12) months, in writing, and contain specified provision regarding tenant's obligation to obey Declaration (Article X, Section 12)

Parking & vehicles

Declarant shall provide and Association shall maintain at least minimum number of parking spaces required by Wake County; Board may assign parking spaces on equal, non-discriminatory basis; Owner must provide vehicle information to Associat (Article X, Section 7)

Fences

Any fence or wall must meet zoning ordinance requirements and be approved as provided in Declaration; chain-link fences not permitted; retaining walls and fences installed by Declarant at entrances or along streets are exempt (Article X, Section 10)

Architectural approval

No building, fence, awning, lawn statute, wall, garage, carport, playhouse, swimming pool, mailbox, or other structure shall be commenced, erected, or maintained, nor any exterior addition, change, or alteration made, until plans and specif (Article IX, Section 1(a))

Solar & roof

Solar panels shall not be permitted on any portion of a Dwelling visible by a person on the ground of common areas or public areas, except as provided in NC General Statute 22B-20; Owner responsible for all damages caused by installation, e (Article X, Section 13)

Signs & flags

No sign of any kind displayed to public view except: (i) advertising a portion of Properties for sale or rent; (ii) advertising for Builder during construction/sales; (iii) identifying subdivision name or street address; (iv) identifying Co (Article X, Section 6)

Insurance

Every Owner shall maintain fire and hazard insurance from insurer reasonably approved by Board, in amount equal to full replacement value of Living Unit including excavations and foundations; if Owner fails, Board may obtain insurance and c (Article VI, Section 2)

Use restrictions

All Lots shall be used for residential purposes only; no trade, business, profession, or commercial activity shall be carried on upon any Lot, except Declarant may use Lots for sales offices, model homes, etc., and Owners may lease to resid (Article X, Section 1)

Voting & meetings

Two classes: Class A Members (all Owners except Class B Member) have one vote per Lot owned; Class B Member (Declarant) has nine votes per Lot owned during Declarant Control Period, then one vote per Lot after expiration (Article III, 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.