Princeton at Southhampton

Key facts from Princeton at Southhampton's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned residential townhome development (WHEREAS clause)

Legal name

Princeton at Southampton

Developer / declarant

Centex Homes, a Nevada general partnership (Preamble)

Governing law

North Carolina Planned Community Act, Chapter 4 North Carolina General Statutes (Section 1.01)

Assessments & dues

First year maximum $972 per Lot (Class A), $125 per Lot (Class B) (Section 9.05)

Special assessments

Board may levy for capital improvements; if exceeds 5% of budgeted gross expenses, requires 67% vote of Members (each class if two-class structure). (Section 9.06)

Collections & liens

Unpaid assessments become a lien upon recording a notice; may be foreclosed in accordance with North Carolina law. (Section 9.01)

Reserves & fees

Board shall establish and maintain separate and adequate reserves for Common Area replacements and Lot maintenance; reduction requires majority vote of Members. (Section 9.04)

Pets

Yes, household pets only. (Section 7.08(a))

Leasing & rentals

Yes, with restrictions. (Section 4.03)

Architectural approval

Yes for any building, structure, fence, wall, sign, antenna, satellite dish, flag, awning, or exterior change; approved in writing by Board or architectural control committee. (Sections 7.07, 7.11, 13.01)

Home business

Permissible if not conflict with local zoning and does not unduly burden traffic; Board determines compatibility on case-by-case basis. (Section 7.01)

Use restrictions

Lots shall be used as a residence for a single family and for no other purpose; limited home business permitted with Board discretion. (Section 7.01)

Voting & meetings

Two classes: Class A (all Owners except Declarant) – one vote per Lot; Class B (Declarant) – three votes per Lot owned until conversion. (Section 8.03)

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