Lucky Fish Subdivision

Key facts from Lucky Fish Subdivision's documents

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

Community type

Covenant / Planned Community

Developer / declarant

GCW Properties, LLC and Pages Creek Properties, LLC, North Carolina Limited Liability Companies (Preamble (page 1))

Governing law

Chapter 47F of the North Carolina General Statutes (the 'Act') (Preamble (page 1))

Assessments & dues

Maximum annual assessment until end of Declarant Control: $2,000.00 per Lot (Article V, Section 3(a) (page 6))

Special assessments

May be levied for capital improvements with assent of 2/3 of votes of Members voting in person or by proxy at a meeting with 30-60 day notice (Article V, Section 4 (page 7))

Collections & liens

Assessments are a continuing lien on the lot; Association may foreclose lien; lien subordinate to first mortgage; sale extinguishes prior due assessments (Article V, Sections 1, 9, 10 (pages 5, 7)

Reserves & fees

Association may establish and collect late fees for delinquent installments (Article V, Section 9 (page 8))

Leasing & rentals

Yes, but entire dwelling only; no leasing less than entire dwelling; minimum lease term of 6 months; no transient or hotel purposes (Article X, Section 6 (page 13))

Parking & vehicles

No trucks or commercial vehicles greater than 3/4 ton (Article II, Section 4 (page 5))

Architectural approval

Yes, for site and grading plans, building plans, exterior colors and finishes, construction schedule; all improvements and structures require prior written ACC approval (Article VII, Sections 6, 7(a) (pages 9-1)

Home business

No industry, business, trade, occupation or profession of any kind permitted on any part of Property; Association may permit certain home occupations complying with local zoning at its sole discretion (Article X, Section 4(g) (page 12))

Signs & flags

No sign, placard, poster, billboard or identifying name/number displayed upon any home, building or Common Areas except as required by municipal ordinance or permitted by Association rules (Article X, Section 4(h) (page 12))

Setbacks / home size

Minimum 2500 square feet of enclosed dwelling area (not including garages, terraces, decks, open porches, etc.) (Article VII, Section 7(h) (page 10))

Maintenance

Owner: maintenance of lot, dwelling, storm water management improvements on lot; Association: Common Areas including boating facility, private streets, bulkheads, landscaping, etc. (Article VI, Section 1 (page 8); Article )

Insurance

Association shall keep Common Areas and other assets insured against fire, other hazards, public liability, directors' liability (Article II, Section 1(b) (page 4); Artic)

Use restrictions

No lot or common area shall be used except for residential purposes; numbered lots restricted to single-family dwellings only (Article X, Section 1 (page 11))

Voting & meetings

Class A: one vote per Lot owned by Owners (non-Declarant); Class B: Declarant has two votes for each Class A vote until Declarant no longer owns any land or voluntary surrender (Article III, Section 3 (pages 5-6))

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