Cresset Overlook Homeowners Association Inc

Key facts from Cresset Overlook Homeowners Association Inc's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

residential subdivision (Recitals: 'developing the Existing Prope)

Legal name

CRESSET OVERLOOK HOMEOWNERS ASSOCIATION, INC. (Article I(h))

Developer / declarant

SM Raleigh, LLC, a North Carolina limited liability company (Opening paragraph of Declaration)

Governing law

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

Special assessments

May be levied by Board without a vote of the Members? Section 8 describes special assessments (not fully quoted but allowed) (Article VI Section 8)

Collections & liens

Association has a lien on each Lot for unpaid assessments; may foreclose (Article VI Section 14)

Reserves & fees

Association shall establish reserve funds (Article VI Section 17)

Leasing & rentals

Not explicitly permitted; likely prohibited as leases subject to restrictions (Article IX Section 7)

Fences

Fences are improvements subject to ARC approval; no specific restrictions on material/height in declaration (Article XI Section 1; definition of Impr)

Home business

Home businesses allowed as accessory use, subject to restrictions; e.g., no external evidence, no customers, etc. (Article IX Section 5)

Use restrictions

All Lots shall be used for residential purposes only (Article IX Section 1)

Voting & meetings

Not explicitly defined in provided text; likely per Act (Not found)

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