Towns at Kestrel Village

Key facts from Towns at Kestrel Village's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned community (Recitals 3, 4; page 499)

Legal name

Towns at Kestrel Village Homeowners Association, Inc. (§1.5)

Developer / declarant

Kinger Homes, LLC (page 499; §1.14)

Governing law

North Carolina Planned Community Act (N.C. Gen. Stat. Chap. 47F) (Recitals 3; §1.1)

Assessments & dues

Board adopts budget; General Assessments levied equally against all lots (excluding Declarant during Development Period); budget ratified unless 90% votes reject (Sections 8.2, 8.4)

Special assessments

Allowed for unbudgeted expenses; requires disapproval by 67% of Class A votes and Declarant during Development Period to be blocked (§8.4)

Collections & liens

Association may file Claim of Lien and foreclose on lot for delinquent assessments, late charges, interest, costs, and attorneys' fees (Section 8.6)

Reserves & fees

Board may annually prepare reserve budget (§8.3)

Pets

Yes, subject to pet Rules; Association may remove pets violating rules (Section 4.3 (pet Rules referenced); Sect)

Leasing & rentals

Yes, Owner may lease Lot and assign use rights to lessee (§2.1)

Parking & vehicles

Guest Parking Spaces defined; Association may adopt parking Rules including towing (§1.9(d), §4.3(c))

Fences

Fences of any kind require ARB approval; ARB may prohibit (Section 9.5(a))

Architectural approval

All exterior structures and improvements require prior written approval of ARB (Section 9.1)

Signs & flags

Declaration regulates or prohibits display of U.S. or North Carolina flag (per required statement) (Page 498 (required statement))

Maintenance

Association maintains repair and replacement of roof shingles (but not other roof portions) (Section 5.1(a))

Insurance

Association obtains blanket property insurance on common area and townhome buildings, commercial general liability ($1M min per occurrence), D&O, fidelity (Section 6.1(a))

Use restrictions

Only one Dwelling per Lot; intended for single-family residence (§1.20, §9.1)

Voting & meetings

Class A: one vote per Lot; Class B: Declarant appoints majority of Board during control period (§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.