Pemberley Property Owners Association Inc

Key facts from Pemberley Property Owners Association Inc's documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Developer / declarant

Ashton Raleigh Residential L.L.C., a North Carolina limited liability company (First paragraph of Declaration (page BK0)

Governing law

North Carolina Nonprofit Corporation Act (for Association); also references mandatory arbitration, and the Declaration appears to be under North Carolina planned community law (though not explicitly cited) (Section 1.1(e) definition of 'Articles o)

Special assessments

Board may levy special assessments for capital improvements, emergency, or unbudgeted insurance premium increases. Special assessments over certain amount require Member approval (see Section 11.5, 11.6, 11.7). (Sections 11.5, 11.6, 11.7)

Collections & liens

Assessments, if unpaid, become a lien on the Unit, enforceable by foreclosure subject to prior mortgages. Association may also collect personal obligation. (Section 11.2, 11.10)

Architectural approval

ARC must approve all exterior improvements, landscaping, grading, excavation, filling, structures, alterations, etc., except Declarant's activities. No work without approval. (Article 3 (Sections 3.1, 3.2, 3.4))

Signs & flags

The document regulates or prohibits the display of political signs (front page notice). (Front page: 'THIS DOCUMENT REGULATES OR )

Use restrictions

Each Unit shall be used for residential purposes only; no trade or business may be carried on (with limited exceptions for office use not creating customer traffic, and Declarant's sales activities) (Section 4.5)

Amendments

During Declarant Control Period, Declarant may amend unilaterally (with certain limitations). After control period, amendments require approval of 67% of votes (or 80% for certain changes). See Article 14. (Sections 14.1(b), 14.2)

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