Ashton Oaks Community Association, Inc.

Key facts from Ashton Oaks Community Association, Inc.'s documents

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

Developer / declarant

Ashton Oaks, LLC (Article IV Section 1)

Governing law

North Carolina Non-Profit Corporation Act (Chapter 55A of the General Statutes of North Carolina) (Article III(c), Article IV Section 6)

Special assessments

May be levied for capital improvements with assent of 80% of votes cast at meeting; during Declarant Control, Declarant must also consent; uniform rate for all Lots; may be collected monthly, quarterly, or annually (Article X Section 4)

Reserves & fees

Association shall establish and maintain adequate reserve fund for periodic maintenance, repair, replacement of improvements of Common Area out of regular assessments (Article X Section 2(b))

Architectural approval

Prior written approval required for any improvements, alterations, repairs, change of paint color, excavation, landscaping, etc. that alters exterior of any Lot or improvements (Article VI Section 2(a))

Voting & meetings

One vote per Lot; if multiple owners, they determine how to vote but no more than one vote per Lot (Article IV 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.