Arbor Pointe

Key facts from Arbor Pointe's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Homeowners Association, non-profit corporation) (Articles of Incorporation, Preamble and )

Legal name

Arbor Pointe Homeowners Association, Inc. (Articles of Incorporation, Article I; De)

Developer / declarant

The Haywood Company of the Triangle, Inc. (Declaration, Preamble and Article I Sect)

Governing law

Chapter 55A of the General Statutes of North Carolina (Articles of Incorporation, Preamble)

Special assessments

May be levied by Association for capital improvements with assent of 2/3 of each class of members voting at a meeting. (Declaration, Article IV Section 4)

Collections & liens

Assessments are a continuing lien on the Unit. Association may foreclose in same manner as deeds of trust in North Carolina. (Declaration, Article IV Sections 1, 9)

Reserves & fees

Reasonable reserves for operating expenses are included in budget (implied). (Declaration, Article IV Section 2 (costs)

Pets

Yes, dogs, cats or other household pets, not for commercial purposes. (Declaration, Article VIII Section 4)

Use restrictions

Yes; no Unit shall be used except for residential purposes. (Declaration, Article VIII Section 1)

Voting & meetings

Two classes: Class A (Owners, 1 vote per Unit); Class B (Declarant, 3 votes per Unit). After Declarant Control, Class B converts to Class A. (Declaration, Article III Section 2; By-L)

Amendments

Prior to first Unit sale, Declarant may amend. During Declarant Control, Declarant may amend if no adverse effect. Thereafter, amendment by 75% vote of each class and total, including 75% of non-Declarant Members; must be recorded. (Declaration, Article XII Section 7)

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