Mineral Springs

Key facts from Mineral Springs's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned community (Recital A: 'planned community known as M)

Developer / declarant

Taylor Morrison of Carolinas, Inc., a North Carolina corporation (First page of declaration (P 92) and Sec)

Governing law

North Carolina Planned Community Act, Chapter 47F of the North Carolina General Statutes (Section 1.1)

Assessments & dues

By the Board of Directors; budget preparation and adoption, subject to Owner disapproval provisions. (Section 11.2, 11.12, 11.13)

Special assessments

Yes, defined in Section 1.4.4: for unbudgeted expenses, capital improvements, restoration, etc. Assessed against Lots or Attached Townhomes as provided. (Section 1.4.4 and 1.4.4 subsections (.1))

Collections & liens

Association has lien and right to foreclose for unpaid assessments; Section 11.16 refers to 'Collection of Assessment' and Section 11.18 'Priority of Lien'. (Sections 11.16, 11.17, 11.18)

Reserves & fees

Yes, Attached Townhome Expenses include 'reasonable reserves for capital improvements, repairs and replacements'. (Section 1.8)

Pets

Yes, Section 12.7 'Pets, Livestock and Poultry' – indicates some regulation. (Section 12.7 heading)

Leasing & rentals

Yes, Article 16 governs leasing; units may be leased. (Article 16 (Leasing and Occupancy of Uni)

Parking & vehicles

Yes, Section 12.8 'Commercial Trucks, Trailers, Campers and Boats' indicates restriction. (Section 12.8 heading)

Fences

Not explicitly; Section 12.5 'Temporary and Accessory Structures' may apply. (Section 12.5 heading)

Architectural approval

Yes, Architectural Review Board review of proposed construction (Article 14). (Section 14.2 'Review of Proposed Constru)

Home business

Not explicitly mentioned in provided text (N/A)

Signs & flags

Regulated or prohibited. The first page states: 'THIS DOCUMENT REGULATES OR PROHIBITS THE DISPLAY OF POLITICAL SIGNS'. Details not fully visible. (First page (B38289 - P 83) and likely Se)

Setbacks / home size

Attached Townhome: two or three stories (Section 1.6). (Section 1.6)

Maintenance

Association is responsible for repair and replacement of roof (shingles, flashing, gutters, etc.) as part of Exterior Maintenance. (Section 1.26.1)

Insurance

Association property insurance covering Common Areas and certain improvements; detailed in Section 8.2 (not fully visible). (Section 8.2 heading: 'Insurance by the A)

Use restrictions

Yes, units are 'intended for use as a single residential dwelling unit' and leasing section says 'Residential Use Only'. (Section 1.56 (Unit definition) and Secti)

Voting & meetings

Class A Member: one vote per lot. Class B Member (Declarant): ten votes per lot during Declarant Control Period. Co-owners cast votes by agreement. (Sections 4.2.1, 4.2.2, 4.2.4)

Amendments

Article 18: Declarant may amend during control period; thereafter amendment by Owners (supermajority likely). Sections 18.1-18.7. (Article 18)

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