Fairhaven Homeowners Association II, Inc.

Key facts from Fairhaven Homeowners Association II, Inc.'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned community (Section 1.1: 'establish a general plan o)

Units / lots

Not explicitly stated; governed by Master Plan and Exhibits A and B (Section 2.1 definition of 'Unit'; Master)

Developer / declarant

Crosland FairHaven, LLC (Opening paragraph of Declaration)

Governing law

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

Assessments & dues

Board budgets Association Expenses and levies General Assessments against all Units proportionately; Service Area Assessments for designated areas (Sections 8.1, 8.2)

Special assessments

Permitted; levied under Section 8.3 (Section 8.3)

Collections & liens

Association has lien for assessments under Section 8.6 (Section 8.6)

Reserves & fees

Common Expenses may include reasonable reserve (definition of Common Expenses) (Section 2.1 definition of 'Common Expens)

Leasing & rentals

Yes; Association cannot prohibit leasing or transfer, but may restrict multiple unit leasing by same Owner, require minimum lease term up to 12 months, and require use of approved lease forms. (Section 3.4(g))

Parking & vehicles

Specific parking rules not detailed in extracted text; Association has towing authority for violating vehicles under Section 7.5(c)(iii). (Section 7.5(c)(iii))

Architectural approval

Yes; no structure or improvement shall be placed, erected, or installed upon any Unit without prior written approval from Declarant or designee (or later ARC). (Section 4.1, 4.2)

Home business

Association may prohibit activities not normally associated with property restricted to residential use, and may restrict activities creating monetary costs, noise, etc. (Section 3.4(e))

Signs & flags

Political signs: no content regulation; Association may regulate time, place, manner and size/number (subject to limitations in Act); display allowed 45 days before election to 7 days after. Flags: US and NC flags up to 4'x6' allowed in acc (Section 3.4(c))

Insurance

Deductible treated as Common Expense or Service Area Expense, unless loss caused by Owner negligence/misconduct, then assessed against that Owner. (Section 7.4(b) second paragraph)

Use restrictions

Unit intended for 'development, use, and occupancy as an attached or detached residence for a single family' (Section 2.1 definition of 'Unit')

Voting & meetings

Class A: one vote per Unit owned by Class A Member; Class B: Declarant has consent/appointment rights, no per-Unit vote (Section 6.3)

Amendments

By Declarant initially (Article XVIII); later by Members as provided. (Article XVIII, Sections 18.1, 18.2)

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