Georgetown Woods

Key facts from Georgetown Woods's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Georgetown Woods, LLC, a North Carolina limited liability company (Preamble)

Assessments & dues

Not fixed; set annually by Board based on budget; uniform rate for all lots; max increase 5% per year without membership vote; can exceed 5% by 2/3 vote. (Article XIX)

Collections & liens

Association may foreclose lien; lien subordinate to first mortgage; sale or transfer extinguishes prior assessments; personal obligation remains with owner at time due. (Article XIX)

Reserves & fees

Budget includes capital contribution establishing a reserve fund. (Article XIX: 'The budget shall include a)

Pets

Only ordinary household pets; no animals or poultry of any kind otherwise. (Article XI)

Parking & vehicles

Adequate off-street parking shall be provided; owners not permitted to park automobiles on streets. (Article XII)

Architectural approval

Required for any building, fence, swimming pool, or other structure; also for accessory buildings, fences, satellite dish locations, and other items. (Articles II, VIII, IX, X)

Setbacks / home size

Those applicable setbacks established by the Franklin County Zoning Department applicable to the zoning district (Article IV)

Voting & meetings

Every owner of a lot is a member; membership appurtenant to lot. Proxy allowed for assessment increase votes. (Article XVIII and Article XIX)

Amendments

After initial 25-year term, covenants auto extend 10-year periods unless an instrument signed by a majority of the then owners of the lots is recorded agreeing to change. (Article XV)

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