Davis Park Townhomes Homeowners Association Inc

Key facts from Davis Park Townhomes Homeowners Association Inc's documents

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

Legal name

Davis Park Townhomes Homeowners Association, Inc. (Article I, Definitions - Association)

Governing law

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

Assessments & dues

Board adopts proposed budget; members are notified of meeting; budget ratified unless 80% of entire membership votes to reject; if increase exceeds 110% of prior year's Base Assessment, majority vote can reject that portion (Article IV, Section 3)

Collections & liens

Unpaid assessments after 30 days become a lien on the Lot; may be foreclosed under NCGS 47F-3-116. First mortgagee foreclosing is not liable for prior assessments (Article IV, Section 5)

Pets

Dogs, cats, and usual household pets allowed; no commercial breeding; must be leashed when outside; Owner liable for damage; Board may adopt rules on number/size (Article VI, Section 9)

Leasing & rentals

Yes, with minimum lease term of 12 months; tenant must acknowledge Declaration and rules; lease must obligate tenant to comply; Board may evict tenant on behalf of owner for noncompliance (Article VI, Section 7)

Use restrictions

All lots shall be used exclusively for residential purposes, with exceptions for sales offices, home businesses, and ancillary uses (Article VI, Section 2)

Amendments

Amendment provisions in Article XI, Section 4 (not extracted); but Section 4(k) of Article V prohibits amendment of BMP Facilities obligations without City consent; other amendments presumably by vote of owners as per statute (Article V, Section 4(k); Article XI, Sec)

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