Muirfield Village Homeowners Association Inc

Key facts from Muirfield Village Homeowners Association Inc's documents

Legal name

Muirfield Village Homeowners Association, Inc. (Section 1.5)

Governing law

North Carolina Planned Community Act, Chapter 47F of the North Carolina General Statutes (Section 1.24)

Special assessments

Board may levy Special Assessments for capital improvements; but improvements over $10,000 per item or $20,000 aggregate per year require consent of 60% of votes of each class of Members (including Declarant until Development Period ends or (Section 5.2)

Reserves & fees

Referenced as being used when insufficient for Special Assessments; Common Surplus may be applied to reserve (Section 5.2, Section 5.7)

Pets

Two dogs, two cats, or one of each, or two other household pets may be kept in a Dwelling Unit; not for commercial purpose (Section 10.7)

Signs & flags

Standard 'For Sale' or 'For Rent' sign allowed on Lot or in window; no other signs visible from outside without Board consent; Declarant may use unsold units for model/office signs (Section 10.11)

Insurance

Each Owner shall obtain fire and extended coverage on contents of Dwelling Unit, and public liability insurance for injuries/damage arising out of use and occupancy of the Lot or Dwelling Unit (Section 7.7)

Use restrictions

Each Lot shall be used only for residential purposes, unless Board authorizes otherwise; no business, trade, industry, occupation, or profession conducted except Declarant’s construction, sales, and management activities (Section 10.2)

Amendments

Not explicitly found in provided text (may be in later articles not included); Declaration may be amended as set forth in Declaration (see preamble) (Preamble; (not detailed))

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