Weycroft Reserve

Key facts from Weycroft Reserve's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Development District under Town of Cary Code; residential subdivision with detached single-family dwellings (Recitals: "into a residential subdivisio)

Developer / declarant

IPG OLD CHATHAM, LLC, a North Carolina limited liability company (First paragraph of Declaration and Artic)

Governing law

North Carolina Planned Community Act (Chapter 47F of the North Carolina General Statutes) (Article I(a): "'Act' is defined as the N)

Assessments & dues

Board adopts annual operating budget; annual assessments are allocated among Lots based on that budget (Article VI Section 5)

Special assessments

Allowed – may be levied for capital improvements, emergencies, etc.; requires approval as stated in Section 7 (Article VI Section 7: Special Assessment)

Collections & liens

Yes – assessments constitute a lien on each Lot and may be foreclosed (Article VI Section 11: Assessment Lien a)

Reserves & fees

Required – reserves for capital repairs and replacements (Article VI Section 14: Reserve Funds)

Leasing & rentals

Yes – Owners may lease their Lots subject to Declaration and Rules (Article IX Section 2: Leases – "an Owner)

Parking & vehicles

Not explicitly allowed or prohibited; likely subject to Rules and local regulations (No direct provision; Article IX Section )

Fences

Subject to Architectural Guidelines and ARC approval; specific height, material, and location restrictions may be in guidelines (Article XI Section 1; Architectural Guid)

Architectural approval

Yes – any Improvement on a Lot requires prior written approval from the Architectural Review Committee or Declarant (during control period) (Article XI Section 1: Architectural Revi)

Home business

Not explicitly permitted or prohibited; likely subject to Restrictions and Rules (Not stated; Article IX Section 1 allows )

Signs & flags

Regulated or prohibited – the Declaration requires a statement that it regulates or prohibits political signs; any signs must comply with Architectural Guidelines and Restrictions and Rules (Required statement on first page: "THIS )

Use restrictions

Yes – Lots to be used for residential purposes only, subject to limited exceptions (e.g., home occupations per Rules) (Article IX Section 1: Use of the Propert)

Voting & meetings

Each Lot entitled to one vote; classes of members (Class A – Owners of Lots with Dwellings, Class B – Declarant) with weighted voting during declarant control period (Article V Section 1 (Membership), Sectio)

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