Eastwood (NC)

Key facts from Eastwood (NC)'s documents

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

Community type

Planned community (HOA) (Article 1.1: 'general plan of developmen)

Units / lots

Not explicitly stated in provided text. The Supplemental Declaration references Townhouse Lots 41-55 (15 lots) plus limited common areas. The main Declaration does not specify total number of units. (Exhibit A to Supplemental Declaration)

Developer / declarant

Belmont Residential Town Center, LLC, a North Carolina limited liability company (Page 1 of Main Declaration; Supplemental)

Assessments & dues

General Assessments for Common Expenses and Service Area Assessments for Service Area Expenses, as determined by Board via budgeting and allocation (Article VIII). (Article VIII, Sections 8.1, 8.2)

Special assessments

Permitted (Section 8.3). (Section 8.3)

Collections & liens

Association has a lien for unpaid assessments (Section 8.6). (Section 8.6)

Reserves & fees

Common Expenses may include reasonable reserves (Section 8.2). (Section 8.2 (implied))

Leasing & rentals

Not explicitly addressed; may be restricted by rule requiring minimum lease term. (Section 3.4(g) (minimum lease term up to)

Fences

For Townhouse Lots: Association maintains fences installed as part of initial construction; Owner may re-erect fence if in disrepair, subject to approval, must have gate without lock; Association may maintain standard fence design. For othe (Supplemental Declaration Section 3.1(v))

Architectural approval

Yes, prior written approval required for structures, improvements, landscaping (Article IV). (Article 4.1)

Signs & flags

Political signs allowed; may be regulated as to time/place/manner (Section 3.4(c)). (Section 3.4(c))

Maintenance

In Supplemental Declaration, Association is not responsible for repair or upkeep of roof leaks (Section 3.1(i)). However, exterior maintenance includes? The text excludes roof leak repair. Likely Association not responsible for roof mainten (Supplemental Declaration Section 3.1(i))

Use restrictions

Yes, Units intended for single-family residences. (Article II definition of Unit: 'attached)

Voting & meetings

Class A Members: one vote per Unit. Class B Member (Declarant) has special voting rights as provided. Class B membership terminates upon 75% units conveyed, 20 years, or earlier Declarant termination. (Article VI, Section 6.2(a) and 6.3)

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