Noda Junction

Key facts from Noda Junction's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned community (Recital B, page 10)

Legal name

Raleigh Street Community Homeowners Association, Inc. (Recital D (page 10))

Developer / declarant

Raleigh Street Partners, LLC, a North Carolina limited liability company (Recitals (page 10) and Section 1.24)

Governing law

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

Assessments & dues

Board determines budgets for Common Expenses and Attached Townhome Expenses; assessments allocated among Lots (Section 11.5, 11.6, 11.8)

Special assessments

Allowed for unbudgeted expenses, capital improvements, insufficient insurance proceeds, etc. (Section 1.4.4, page 12)

Collections & liens

Association may place lien on Lot for unpaid assessments; collection includes right to foreclose (Section 11.16) (Section 11.16 (Monetary Defaults and Col)

Reserves & fees

Reasonable reserves included in Attached Townhome Expenses and Common Expenses (Section 1.8, 1.21)

Pets

Yes, subject to rules (Section 12.7, page 43)

Leasing & rentals

Leasing is allowed subject to Article 16 (Residential Use Only and Leased Units) (Sections 16.1, 16.2)

Parking & vehicles

Off-street parking subject to rules (Section 12.18, page 46)

Fences

Subject to ARB approval and standards (Section 12.16, page 46)

Architectural approval

Yes, ARB approval required for improvements (Article 14, page 48)

Signs & flags

Regulated; political signs and US flag addressed per cover statement (Cover page, also Section 12? Not explici)

Use restrictions

Units shall be used for residential purposes only (Section 16.1 (title))

Voting & meetings

Two classes: Class A (1 vote per lot), Class B (Declarant, 10 votes per lot, minimum 80% voting interest during Declarant Control Period) (Section 4.2, page 24-25)

Amendments

Declarant may amend unilaterally until end of Declarant Control Period; thereafter Association may amend with specified percentages (per Article 18); amendments affecting Declarant rights require Declarant consent (Sections 18.1, 18.2, 18.4)

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