Carpenter Grove Homeowners Association Inc

Key facts from Carpenter Grove Homeowners Association Inc's documents

Community type

Planned Community (WHEREAS, Declarant intends to develop in)

Units / lots

Fewer than twenty (not specified exactly) (WHEREAS: 'consists of fewer than twenty )

Developer / declarant

Dan Ryan Builders – North Carolina, LLC, a North Carolina limited liability company (Opening paragraph and Article I definiti)

Governing law

North Carolina Planned Community Act, NCGS §§47F-1-101 through 47F-3-121 (Article I, Definition of 'Act')

Pets

Dogs, cats, or other household pets permitted, but not for commercial purposes. (Article IX Section 6)

Leasing & rentals

Owner may rent Living Unit to residential tenants for profit. (Article IX Section 1(c))

Parking & vehicles

Automobiles must be parked on paved area on the Lot, in operating condition with current license. Boats, trailers, campers, trucks, utility trailers require permission and cannot be openly stored or repaired without permission; may be store (Article IX Section 5)

Fences

Fence requires site plan showing location and material; must be approved. (Article VIII Section 1(b)(iii))

Insurance

Each Owner must maintain multi-peril property insurance on insurable portions of Living Unit at 100% replacement cost. (Article VII Section 2)

Use restrictions

All Lots restricted exclusively to single-family residential use. (Article IX Section 1)

Voting & meetings

Two classes: Class A (Lot owners) – non-voting until Declarant Control Period ends, except on certain matters; Class B (Declarant) – full voting. When entitled, Class A: one vote per Lot. (Article V Section 3)

Amendments

Amendment requires approval of: (a) members owning at least 67% of Lots not owned by Declarant, (b) Declarant if still owns any Lot, (c) Institutional Lenders holding Mortgages on at least 50% of Lots. Recorded instrument certified by Presi (Article XI)

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