Travertine Place Community Association Inc

Key facts from Travertine Place Community Association Inc's documents

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

Community type

Single-family residential subdivision (Article V, Section 1)

Legal name

Travertine Place Community Association, Inc. (Article I, Section 1)

Units / lots

Lots 1-8 initially (Preamble (Lots 1-8 of Travertine Place S)

Governing law

North Carolina General Statutes (Chapter 45 for foreclosure) (Article IV, Section 10)

Assessments & dues

Maximum $360.00 per lot until January 1 following first lot conveyance. (Article IV, Section 5)

Special assessments

Allowed for capital improvements with 60% vote of each class after written notice (30-60 days). (Article IV, Section 6)

Collections & liens

Unpaid assessments become a continuing lien on the property; may be foreclosed like deeds of trust under NC General Statutes Chapter 45. Personal obligation remains with owner at time assessment fell due. (Article IV, Sections 1, 10, 11)

Reserves & fees

Association shall establish and maintain an adequate reserve fund for periodic maintenance, repair, and replacement of common area improvements, funded from regular assessments. (Article IV, Section 3)

Pets

Yes, dogs, cats, or other household pets may be kept, not for commercial purposes. (Article V, Section 8(a))

Parking & vehicles

Overnight parking on street rights-of-way within Property prohibited. (Article V, Section 3)

Architectural approval

Yes, Architectural Control Committee (ACC) approval required for any additions/improvements, fences, walls, shrubbery, yard art, outbuildings, etc. (Article I, Section 7; Article V, Section)

Home business

Owners may conduct certain business/commercial activities within residence that do not conflict with local zoning, provided no undue traffic burden or excessive non-resident parking. Association has discretion to determine compatibility. (Article V, Section 1)

Signs & flags

One sign of not more than 9 sq ft for sale; political signs same size allowed 60 days before election, removed within 2 days after. No signs on Common Area without ACC approval. Declarant may erect signs. (Article V, Section 4)

Setbacks / home size

At least 3,000 square feet of heated living space for a single-family dwelling. (Article V, Section 1)

Maintenance

Association responsible for maintenance of Permanent Common Open Space (including private streets, driveways, walks, parking areas on common space) funded by assessments. Owners responsible for their Lots (including lawn, plants, exterior m (Article IV, Section 2; Article V, Sectio)

Use restrictions

Lots shall be used for single-family, non-transient residential purposes only. One single-family dwelling per lot. (Article V, Section 1)

Voting & meetings

Every owner of a lot subject to covenants is a member. Membership appurtenant to lot. (Article III)

Amendments

During first 20 years: by instrument signed by not less than 85% of Lot owners. Thereafter: not less than 75% of Lot owners. Must be recorded with Wake County Register of Deeds. Certain sections (e.g., Declarant's rights) require 75% vote a (Article VII, Section 3; Article V, Secti)

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