Liberty (NC)

Key facts from Liberty (NC)'s documents

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

Community type

planned_community (Article II Section 1(c) references Plann)

Legal name

Liberty Oaks Master Owners’ Association, Inc. (Article I, Section 2)

Developer / declarant

Liberty Oaks Fund I, LP, a North Carolina limited partnership (First paragraph of Declaration)

Governing law

Chapter 47F of the North Carolina General Statutes (Planned Community Act) (Article II, Section 1(c); Article IV, Se)

Assessments & dues

Maximum $175 per House Lot for 2018 (Article IV, Section 3(a))

Special assessments

Allowed for capital improvements with 2/3 vote; Board may levy up to $500 per Townhome Lot (proportionate for House/Cottage) in emergencies unless 90% reject (Article IV, Section 4)

Collections & liens

Unpaid assessment becomes a continuing lien on the Lot; Association may foreclose under NC General Statutes Chapter 47F. (Article IV, Sections 1, 9, 10, 12)

Reserves & fees

Board shall create and maintain a reserve fund for periodic maintenance, repair, replacement of Common Elements and Limited Common Elements. (Article IV, Section 5)

Pets

Yes – dogs, cats, pet birds, other household pets allowed, provided not kept for commercial purposes, controlled per ordinances, and not a nuisance. Leash required when on Common Elements; owner must clean up waste. Vicious or obnoxious pet (Article VII, Section 5)

Leasing & rentals

Yes, but subject to limits and approval. (Article VII, Section 3)

Parking & vehicles

Each Lot Owner must provide off-street parking space on the Lot before occupancy (Article VIII, Section 7)

Architectural approval

Yes, for any site preparation and construction of improvements (including landscaping, fences, etc.) – Architectural Committee composed of 3 persons appointed by Declarant during Class B period, thereafter by Board. (Article VI)

Setbacks / home size

Dwellings on House or Cottage Lots must comply with front, rear, side yard setbacks of County planning and zoning ordinances. (Article VIII, Section 2)

Voting & meetings

Class A (all lot owners except Declarant) and Class B (Declarant) (Article III, Section 2)

Amendments

Generally by vote of 80% of each class (Article II, Section 1(c) for dedication/transfer). Declarant may unilaterally amend during Declarant Development Period (Article II, Section 4(e)). Additionally, Declarant may amend upon annexation (A (Article II, Section 1(c); Article II, Se)

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