Craig View Townhomes

Key facts from Craig View Townhomes's documents

Community type

Covenant / Planned Community

Developer / declarant

Saratoga Lomax, LLC, a North Carolina limited liability company (Page 5 opening)

Governing law

North Carolina Planned Community Act, N.C. Gen. Stat. §§ 47F-1-101, et seq. (Article I, definitions; also page 6 reci)

Special assessments

Board may levy special assessment for budget shortfall, capital improvements, or capital repairs. Equal share per improved lot. No owner vote required (implied). (Section 6.04)

Collections & liens

Continuing lien on Lot for unpaid assessments, interest, late charges, costs; prior to all except ad valorem taxes, first mortgage, and purchase money mortgage. Personal obligation of Owner. (Section 6.01)

Leasing & rentals

Yes, with restrictions. (Exhibit C, Section 4)

Architectural approval

Yes, architectural control by ARC (Reviewer). Specific procedures not in excerpt. (Definition of ARC and Article VIII (ment)

Signs & flags

Document regulates or prohibits display of US and NC flags. (Specific provisions not in excerpt.) (Page 1 header)

Use restrictions

Implied; Dwelling defined as used or occupied as a residence. (Definition of Dwelling, Article I)

Voting & meetings

Class A: one vote per Lot; Class B: Declarant (additional approval required). Class B ceases upon all Lots sold, surrender of appointment rights, or expiration. (Section 4.03)

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