Buckhorn Preserve Homeowners Association Inc

Key facts from Buckhorn Preserve Homeowners Association Inc's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned community under the North Carolina Planned Community Act (Recitals, last WHEREAS paragraph)

Legal name

Buckhorn Preserve Homeowners Association, Inc. (Article 1 definition of Association; Rec)

Governing law

North Carolina Planned Community Act (N.C. Gen. Stat. Chap. 47F) (Recitals; Article 1 definition of Act)

Assessments & dues

by the Board, based on Common Expenses (Article 9 (implied); definition of Commo)

Special assessments

Special Assessment defined; may be levied for Common Expenses or for individual Owner's delinquency (Section 9.07) (Article 1 definition of Special Assessme)

Collections & liens

Association has right to lien; Article 9 likely covers, but specific foreclosure terms not in excerpt (Recitals; Article 9 (implied))

Reserves & fees

Common Expenses include reasonable reserve (definition) (Article 1 definition of Common Expenses)

Pets

yes, dogs, cats, and other household pets; not for commercial purposes (Section 7.08(a))

Leasing & rentals

yes, Owners may lease or rent Lots subject to restrictions (Section 4.04(a))

Parking & vehicles

prohibited except as permitted by Rules and Regulations (Section 7.03)

Architectural approval

Yes, Architectural Control Committee (ACC) must approve new construction, modifications, alterations, fences, walls, shrubbery, antennas, sheds, etc. (Article 13 (referenced in multiple secti)

Home business

permitted if it does not conflict with local zoning, unduly burden traffic, cause excessive non-resident parking; materials stored within residence (Section 7.01)

Signs & flags

One sign not more than 9 sq. ft. for sale; political signs of same size may be placed no earlier than 45 days before election and removed within 2 days after. No 'For Rent' signs. No signs on Common Area without ACC approval. Declarant may (Section 7.04)

Maintenance

not explicitly stated; Owner likely responsible for replacing roof on Lot improvements. (Section 6.04 (Owner responsible for repl)

Insurance

not detailed; Common Expenses include insurance premiums for hazard, liability, casualty as Declaration may require. (Article 1 definition of Common Expenses )

Use restrictions

yes, except as expressly permitted (home businesses allowed with restrictions) (Section 7.01)

Voting & meetings

Voting Power defined as total number of votes allocated to Members whose membership has not been suspended (Article 1 definition of Voting Power)

Amendments

Declaration may be terminated by 90% vote; amendments generally not detailed in excerpt. Termination requires 90% of Voting Power (2.04). Amendment of Section 7.18 requires 75% vote and Declarant consent. (Section 2.04; Section 7.18)

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