Belvedere (NC)

Key facts from Belvedere (NC)'s documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (LOCALITY section, first paragraph)

Units / lots

33 living units (LOCALITY section: thirty-three (33) livi)

Governing law

North Carolina Planned Community Act (N.C. Gen. Stat. §47F-1-101 et seq.) and North Carolina Nonprofit Corporation Act (N.C. Gen. Stat. §55A-1 et seq.) (WHEREAS paragraphs)

Assessments & dues

Board prepares budget and annual assessment; provides summary to lot owners; meeting held 10–60 days after mailing; if 67% of all lot owners do not reject, budget ratified; if rejected, current budget continues (Article IV, Section 5)

Special assessments

Board may levy special assessment if annual assessment inadequate or emergency; for capital improvements, requires majority vote of all lot owners (Article IV, Section 8)

Collections & liens

Unpaid assessment for 30+ days creates a lien when filed; Association may foreclose like a mortgage with power of sale; priority over all except prior recorded mortgages and tax liens (Article IV, Section 4)

Reserves & fees

Budget includes amounts for working capital, general operating reserve, reserves for contingencies and replacements (Article IV, Section 5: amounts necessary)

Pets

Generally recognized house pets allowed (Article VI, Section 3)

Leasing & rentals

Yes, subject to Board approval of lease and tenant (Article VI, Section 1; Article XII, Sect)

Architectural approval

Architectural Committee approval required for any building, fence, wall, structure, or exterior addition/change (Article V, Section 1)

Signs & flags

One flag allowed; owners may display up to two other inanimate objects (one no more than 12 inches in any dimension) (Article VI, Section 12: In addition to o)

Use restrictions

All lots shall be used, improved, and devoted exclusively to residential use (Article VI, Section 1)

Voting & meetings

One vote per lot; all lot owners are members (Article III, Section 2: one (1) vote for)

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