Baileys Creek Homeowners Association Inc

Key facts from Baileys Creek Homeowners Association Inc's documents

Community type

planned community (WHEREAS, this Declaration creates a plan)

Legal name

Baileys Creek Homeowners Association, Inc. (Section 1.7)

Developer / declarant

Meritage Homes of the Carolinas, Inc. (formerly Meritage Homes of North Carolina, Inc.) (Preamble)

Governing law

North Carolina Planned Community Act, Chapter 47F, N.C. Gen. Stat. (Article I Section 1.1)

Assessments & dues

Until January 1 of the year immediately following the conveyance of the first Lot to a Purchaser, the maximum annual assessment for each Lot shall be $635.00. (Section 4.3(G)(i))

Special assessments

The Association may levy a special assessment for defraying cost of capital improvement of Common Area or other lawful Association purpose, provided that any such special assessment shall have the assent of Members having at least two-third (Section 4.4)

Reserves & fees

Greater of 10% of unpaid assessment or $20 per month (Article IV Section 4.7(A))

Pets

Dogs, cats, or other common household pets acceptable to Board allowed, not for commercial purpose, not unreasonable numbers (Article V Section 5.16)

Leasing & rentals

Yes, but minimum lease term of 30 days (Article V Section 5.15)

Parking & vehicles

Parking of Vehicles is prohibited in the front yard of lots except on a driveway. Parking of Vehicles on any street within the Property is prohibited except that Vehicles that are too large to fit on a driveway may park on the portion of th (Section 5.5)

Fences

Any Lot that has non-solid fencing on any boundary of its rear yard shall be completely landscaped and irrigated by the Owner within 120 days of becoming Owner. (Section 5.13(A))

Architectural approval

In the event that the Architectural Committee fails to approve or disapprove an application for approval within sixty (60) days after the application, together with all supporting information, plans and specifications requested by the Archi (Section 5.22(D))

Home business

home businesses are permitted on the lots provided they are in accordance with applicable municipal ordinances for home business in residential districts (Section 5.1)

Signs & flags

The official flag of the United States and/or the State of North Carolina may be displayed on any Lot provided (1) such flag is displayed in the manner required under the federal flag code from a pole attached to a Residential Unit on the L (Section 5.29)

Use restrictions

All lots shall be improved and used only for Single Family Residential Use (Article V Section 5.1)

Voting & meetings

60% of votes of each class for meetings under Sections 4.3 and 4.4 (Section 4.5)

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