Litchfield

Key facts from Litchfield's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned community governed by North Carolina Planned Community Act (Chapter 47F) (Article 1, Section 1.1)

Developer / declarant

Resource Transition Consultants, LLC as General Receiver for Olympic Coast Investment, Inc. and Woodfin Development, LLC (Preamble, Recitals)

Governing law

North Carolina Planned Community Act (Chapter 47F of General Statutes) (Article 1, Section 1.1)

Assessments & dues

Base Assessment levied on all Lots equally to fund Common Expenses; amount set by Board. (Article 1, Sections 1.6 and 9.1)

Special assessments

Permitted under Section 9.5 (Special Assessments) and Section 9.6 (Benefited Assessments). (Article 9, Section 9.1(b) and (c))

Collections & liens

Assessments, interest, late charges, costs, attorneys' fees are a continuing lien upon each Lot. Personal obligation of Owner. (Article 9, Section 9.1 and 9.8)

Reserves & fees

Reserve budget and special reserve assessment mentioned in Section 9.4 (Article 9, Section 9.4)

Leasing & rentals

Not explicitly prohibited; Association may adopt rules regarding use and occupancy. No specific leasing restrictions in provided text.

Architectural approval

Architectural and Design Review required per Article 10. (Article 10, Section 10.1)

Maintenance

Association maintains Common Elements; Owner maintains Lot and improvements, except where otherwise assigned. (Article 5, Sections 5.1 and 5.2)

Insurance

Deductible is Common Expense; may be assessed against responsible Owner if caused by act or neglect. (Article 6, Section 6.1(d))

Use restrictions

Not explicitly stated; use restrictions are defined in Article 12. No specific 'residential only' clause noted.

Voting & meetings

One equal vote per Lot; only one vote per Lot. Co-owners must agree on vote or it is suspended. Declarant may create additional classes of membership via Supplemental Declaration. (Article 3, Section 3.3)

Amendments

Not fully detailed in provided excerpt; Article 15 and 16 mention amendments but not specific percentage or process.

Amenities

Declarant may but is not obligated to construct Amenities within Common Elements. If constructed, maintained as Common Elements. Association may charge fees. (Article 2, Section 2.2)

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