Percy Place

Key facts from Percy Place's documents

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

Community type

Homeowners association (Declaration recitals and definitions)

Developer / declarant

Jones Creek, LLC

Governing law

North Carolina Planned Community Act, Chapter 47F of the North Carolina General Statutes (Article I, Section 1(a))

Assessments & dues

For 2022: $25.00 per Lot, $300.00 per Living Unit. Subsequent years: Maximum Annual Assessment is 110% of prior year's annual assessment. (Article II, Section 3)

Special assessments

May be levied with 2/3 vote of each class; Board may levy up to $500 per Lot/Living Unit once every 5 years unless 90% of each class rejects. (Article II, Section 9)

Collections & liens

Unpaid assessments 30 days or more become a lien on the lot; may be foreclosed in any manner permitted under Act or law. First mortgage holder acquiring title through foreclosure not liable for prior assessments. (Article II, Section 4)

Reserves & fees

Allocations to reserve funds included as Common Expense (Article I, Section 1(i)(9))

Pets

Usual and common household pets allowed; no commercial breeding. (Article VIII, Section 13)

Leasing & rentals

Yes, Owner may delegate use rights to tenants residing on Property. (Article V, Section 3)

Fences

Must have written approval; must be structurally sound and attractive; no chain link except black chain link; maximum height 6 feet. (Article VIII, Section 11)

Architectural approval

If approval not granted or denied within 60 days after written demand, provisions waived. (Article VII, Section 2(a))

Setbacks / home size

Per Johnston County Subdivision Regulations in effect at time of construction. (Article VIII, Section 5)

Voting & meetings

Two classes: Class A (Owners except Declarant) - one vote per Lot; Class B (Declarant) - five votes per potentially developable Lot. Class B converts to Class A when total Class A votes exceed Class B votes or 10 years after first Lot conve (Article VI, Sections 1-2)

Amendments

Not explicitly provided in excerpt; notice to institutional lenders required for amendments (Article XI, Section 1(b)). (Article XI, Section 1(b))

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