River Park Villas Cashiers

Key facts from River Park Villas Cashiers's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

River Park Villas Property Owners Association, Inc.

Governing law

North Carolina General Statutes Chapter 47A, as amended (Unit Ownership Act) (Statement of Background Information, Pag)

Assessments & dues

Determined annually by Board budget, allocated equally among unit owners (Section 10A, Page 17)

Special assessments

Allowed for capital improvements with 2/3 vote of owners; if total exceeds $1,000 per year, needs 80% vote. (Section 10E, Page 19-20; also for insura)

Collections & liens

Board may file liens under Act, foreclose, seek appointment of receiver, and bring suit for money judgment without waiving lien (Bylaws Section 6B, Page 1-2; Declaration)

Reserves & fees

Reserve maintenance fund, general operation reserve, reserve fund for replacements established by Board (Section 9A, Page 16; Section 10B(6), Pag)

Pets

Yes, dogs, cats or other household pets may be kept by owners in their units, provided not for commercial purpose and not endangering health or unreasonably disturbing others (Section 7F, Page 12)

Leasing & rentals

Yes, but only with approval of River Park Villas Property Owners Association, Inc.; lease requires notice and approval (Section 24A, B, Page 29-30)

Parking & vehicles

Parking spaces as indicated on plot plan; driveways providing access from Sapphire Drive are common elements (Section 3(c), Page 8; Exhibit D referenc)

Architectural approval

Written consent of both Architectural Control Committee of the home owners association and the Board required for any additions, changes, fences, structures, landscaping, exterior alterations (Section 7H, Page 12-13; Section 11B, Pag)

Maintenance

Collective maintenance of roofs is a common expense borne by Association (Section 10B(2), Page 18)

Insurance

Insurance for all improvements (except unit owner improvements) against fire, other hazards including extended coverage, vandalism, malicious mischief; full replacement cost. Also public liability insurance ($1,000,000/$3,000,000 bodily inj (Section 8A, Pages 13-14)

Use restrictions

Each unit shall be occupied and used only as a residence and for no other purpose (Section 7A, Page 10)

Voting & meetings

Based on percentage of common elements ownership; 'Majority' means 51% of total votes (Section 13A, Page 28; Definitions Sectio)

Amendments

Before Developer control ends: Developer may amend unilaterally. After: any member proposes to Secretary 20 days before meeting, notice includes subject matter, resolution approved by majority of total vote, absentee vote by proxy. No amend (Section 19, Page 30; Section 20, Pages 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.