Channing Park Homeowners Association Inc

Key facts from Channing Park Homeowners Association Inc's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (subject to North Carolina Planned Community Act) (Section 1.1)

Units / lots

206 (189 townhomes and 17 detached homes) (Explanatory Statement: 'Single family re)

Developer / declarant

Panther Creek, LLC, a Maryland limited liability company (Explanatory Statement; Section 1.13)

Governing law

North Carolina Planned Community Act, Chapter 47F of the North Carolina General Statutes (Section 1.1)

Assessments & dues

Board sets based on budget; initially Declarant (Section 5.3)

Special assessments

Permitted for extraordinary repairs, capital improvements, or other purposes approved by the Board. Requires Declarant approval during Declarant Control Period. (Section 5.6)

Collections & liens

yes (Sections 5.1 and 5.11)

Reserves & fees

Board shall annually prepare a reserve fund budget (may be based on a reserve study) for periodic repair/replacement of Common Area. Reserves are included in assessments. Owner's interest is appurtenant to the Lot. (Section 5.13)

Leasing & rentals

yes (cannot be prohibited outright) (Section 6.3(c))

Architectural approval

Yes, architectural approval required for improvements, changes, or modifications to Lots. Governed by Article 9 (Design Review and Architectural Control). Review Entity may be Design Review Committee or Declarant. (Article 9 (Sections 9.1-9.19))

Signs & flags

regulated or prohibited political signs (THIS DOCUMENT REGULATES OR PROHIBITS THE)

Use restrictions

yes (single family residential homes intended)

Voting & meetings

Two classes: Class A (all Owners except Declarant) – one vote per Lot; Class B (Declarant) – ten votes per Lot owned by Declarant until end of Declarant Control Period. During Declarant Control Period, Declarant has exclusive right to appoi (Section 4.3)

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