Wachovia

Key facts from Wachovia's documents

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

Community type

single-family residential planned community (Statement of Purpose)

Developer / declarant

Ryon-West Developers, LLC (Declaration opening)

Governing law

North Carolina Planned Community Act, Chapter 47F of the North Carolina General Statutes (Article I, Section 1)

Assessments & dues

Initial monthly assessment $10.00 per month per Lot ($120/year), later determined by Board (Article IV, Section 9(c))

Special assessments

Yes, by Board approval for capital improvements (Article IV, Section 9(d))

Collections & liens

Assessments are a continuing lien on the Lot; Association may foreclose; subordinate to mortgages (Article IV, Sections 9(a), (f), (g))

Reserves & fees

Contingency reserve equal to 10% of sum of certain expenses (subsections (b)(1)-(b)(8)) (Article IV, Section 9(b)(9))

Pets

Dogs, cats or other common household pets allowed; no commercial keeping (Article VI, Section 3)

Parking & vehicles

Driveway must accommodate at least 2 vehicles; no overnight on-street parking; no junk or unregistered vehicles; no commercial vehicles except pickup trucks and passenger vans (Article VI, Section 8)

Fences

Fences must be in rear yard, not chain link, not exceed 6 feet in height (Article VI, Section 10)

Architectural approval

Yes, for all improvements; approval by Declarant (while owns Lots) or Association Board/committee; sole discretion (Article V)

Setbacks / home size

Front: 35 ft from road right-of-way; Rear: 35 ft; Side road: 25 ft; Side interior lot line: 15 ft (Article III, Section 1(b))

Use restrictions

All Lots for single-family residential purposes only (Article VI, Section 1)

Voting & meetings

One vote per Lot owned; if multiple owners, they determine vote, but no more than one vote per Lot (Article IV, Section 5)

Amendments

Pursuant to N.C. Gen. Stat. §47F-2-117; joinder of Declarant if it owns any Lot; Declarant may unilaterally amend setbacks, easements, and square footage (Article VIII, Section 3)

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