The Groves Townhomes Association

Key facts from The Groves Townhomes Association's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (townhome development) (Article I Section 1: 'Association shall )

Units / lots

At least 85 (Phase 18 lots 80-85, but total not specified) (Annexation declaration mentions Lots 80-)

Developer / declarant

JVI Construction, Inc., a North Carolina Corporation (Preamble to Declaration)

Governing law

North Carolina General Statutes (NCGS) 55A-2-02 (Articles of Incorporation, preamble)

Assessments & dues

Board may increase annually up to greater of 10% or CPI; increase beyond that requires 2/3 vote of each class (Declaration Art.V Sec.3(b) and (c))

Special assessments

For capital improvements: requires 2/3 vote of each class; Board may approve one special assessment every 3 years not exceeding $500 without vote (Declaration Art.V Sec.4)

Collections & liens

Unpaid assessments are a lien on the lot; foreclosure allowed under NC law; lien subordinate to first mortgage and ad valorem taxes (Declaration Art.V Sec.1 and Sec.12)

Reserves & fees

Board shall create and maintain reserve fund for periodic maintenance, repair, replacement of common elements and limited common elements (Declaration Art.V Sec.6)

Pets

Dogs, cats, other household pets allowed; not for commercial purposes; must be controlled per ordinances; not a nuisance (Declaration Art.IX Sec.4)

Leasing & rentals

Leasing permitted but with 12-month minimum term (Declaration Art.IX Sec.15)

Architectural approval

Yes, for any site preparation, construction, erection, exterior addition, change, or alteration; approval by Board of Directors or Architectural Committee (3+ representatives appointed by Board) (Declaration Art.VII)

Insurance

Every owner must maintain fire and hazard insurance for full replacement value of his/her living unit, including excavations and foundations; Association may obtain and charge cost to owner upon failure (Declaration Art.XI Sec.4)

Voting & meetings

Two classes: Class A (1 vote per lot for owners other than Declarant); Class B (7 votes per lot for Declarant, ceases upon 85% lots deeded to non-Declarant owners or July 1, 2035, whichever earlier) (Declaration Art.IV Sec.2; also Bylaws Ar)

Amendments

Covenants run for 30 years from 2005, auto-renew every 10 years unless revoked/amended by 90% of lot owners; Declarant may amend unilaterally to conform to law or for FHA/VA approval before Class B ends; no amendment without Declarant conse (Declaration Art.XIII Sec.3, Sec.4)

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