Ravencroft Towns

Key facts from Ravencroft Towns's documents

Community type

planned_community (Art.1, Sec.1.3)

Legal name

Ravencroft Homeowners Association

Units / lots

ten or more (Preamble: 'single-family residential tow)

Developer / declarant

ACCENT HOMES CAROLINAS, INC. (Preamble)

Governing law

North Carolina Planned Community Act (N.C.G.S. 47F-101 et seq.) (Art.1, Sec.1.3)

Assessments & dues

Board creates annual budget, subject to ratification by membership (Art.6, Sec.6.8)

Special assessments

Authorized; requires majority vote of Members (except emergencies by Board) (Art.6, Sec.6.4)

Collections & liens

Assessments are a continuing lien on the Home; personal obligation of owners (Art.6, Sec.6.1)

Reserves & fees

Budget shall include provision for adequate reserves for future repair and maintenance of Common Elements and roofs and exteriors (Art.6, Sec.6.8(a))

Pets

Yes, up to three dogs, cats, or common household pets unless Board approves more (Art.5, Sec.5.8(b))

Leasing & rentals

Yes, subject to Board rules (Art.5, Sec.5.2(c))

Parking & vehicles

Vehicles to be parked in garages or on driveways; no overnight on-street parking for residents (Art.5, Sec.5.16)

Fences

Subject to ACC; must match builder original; cannot obstruct easements; temporary construction fences allowed (Art.5, Sec.5.15)

Architectural approval

Yes, for any improvement or exterior change (Art.4, Sec.4.2(a))

Home business

Allowed if not apparent or detectable by sight, sound, or smell and no client visits (Art.5, Sec.5.1)

Signs & flags

For-sale/rent signs allowed; political signs allowed 30 days before election, removed within 7 days after; ACC may regulate design; Association may remove offensive/illegal signs (Art.5, Sec.5.12)

Use restrictions

Yes (Art.5, Sec.5.1)

Voting & meetings

Two classes: Class I (owners) one vote per home; Class II (Declarant) ten votes per home owned until conversion (Art.3, Sec.3.2)

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