Auburn Place

Key facts from Auburn Place's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Auburn Place Homeowners Association, Inc. (Article 1, Section 1.1; also table of co)

Developer / declarant

Threatt Vail Lane, LLC, a North Carolina limited liability company (Preamble)

Governing law

North Carolina Planned Community Act, N.C.G.S. §47F-2-101, et seq. (Article 1, Section 1.1)

Special assessments

Allowed; may be levied without vote of Members for certain purposes (e.g., insurance shortfall) (Article VII, Section 7.4(c); Article VII)

Reserves & fees

Common Expenses may include a reasonable reserve (Article II, Section 2.1 - 'Common Expens)

Leasing & rentals

Yes; no rule may prohibit leasing or transfer, or require consent; but may restrict multiple units and require minimum lease term up to 12 months (Article III, Section 3.4(g))

Architectural approval

Yes; no structure or exterior improvement shall be placed without prior approval under Article IV (Article IV, Section 4.1)

Home business

Association may prohibit activities not normally associated with residential use or that create excessive noise, traffic, etc. (Article III, Section 3.4(e))

Insurance

Deductible treated as Common Expense or Service Area Expense; may be assessed against Owner if loss due to negligence or willful misconduct (Article VII, Section 7.4(b))

Use restrictions

Yes; Units are intended for single-family residential use (Article II, Section 2.1 - 'Unit')

Amendments

By Declarant (while rights exist) or by Members (requires 2/3 or other supermajority as specified in Article XVIII); no specific percentage given in excerpt except reference to 75% for certain actions (Article XVIII, Sections 18.1, 18.2; also)

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