The Arbors, II Homeowners Association of Ayden, Inc.

Key facts from The Arbors, II Homeowners Association of Ayden, Inc.'s documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

The Arbors, II Homeowners Association of Ayden, Inc. (Article 1 Section 3)

Developer / declarant

Lever & Russell Real Estate, LLC (First paragraph of Declaration)

Governing law

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

Assessments & dues

Executive Board adopts budget each fiscal year at least 60 days before year end; budget must be presented to Owners for ratification; rejected if 75% of all Owners vote to reject (Article 8 Section 1)

Special assessments

Executive Board may levy additional assessments if budget insufficient or for emergencies (Article 8 Section 1 last sentence; Artic)

Reserves & fees

Executive Board shall build and maintain reasonable reserves for working capital, contingencies, and replacements (Article 8 Section 2(e))

Pets

Reasonable number of cats, dogs, and other household pets allowed; no livestock or poultry; must be kept within residence or enclosed area concealed from public view; not for commercial purposes; must be on leash when outside; owner must cl (Article 14 Section 12)

Fences

Only decorative fences allowed in front yard, max 3 ft in height, materials: wood, PVC, or black chain link; privacy fences max 6 ft, must not be closer to street than rear of main dwelling except to enclose side door; corner lot privacy fe (Article 14 Section 16)

Signs & flags

Only one 'For Sale' sign per lot not exceeding 36x24 inches; no signs on Common Elements without Association consent; Declarant may erect signs of any type/size on its lots and Common Elements (Article 14 Section 13)

Insurance

Each Owner shall obtain property insurance on their Lot, Dwelling Unit, and personal property for full replacement cost and liability insurance in amount of Owner's choice (Article 12 Section 3)

Use restrictions

All Lots shall be used for residential purposes only (Article 14 Section 2)

Amendments

During Development Period, Declarant may amend Declaration unilaterally; thereafter, amendment procedures not specified in this document (likely require Owner vote as per Act) (Article 7 Section 1(11))

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