Trevino Townes Townhome Association Inc

Key facts from Trevino Townes Townhome Association Inc's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Trevino Townes Townhome Association, Inc. (Article III, page 6)

Governing law

Chapter 47F of the North Carolina General Statutes (Planned Community Act) (Article I; page 3)

Assessments & dues

Board prepares and approves budget at least 60 days before fiscal year, then levies Base Assessments equally against all Lots to fund Common Expenses. (Section 9.3, page 22-23)

Reserves & fees

Amount determined by Board, not to exceed greater of $20.00 per month or 10% of unpaid installment, or higher if permitted by Planned Community Act. (Section 9.2, page 22)

Leasing & rentals

Yes, but Association may require minimum lease term of six months, limit to one lease per six-month period, and otherwise regulate leasing. Cannot prohibit leasing. (Section 4.5.3, page 9-10)

Insurance

Hazard insurance on Owner's Lot with 100% dwelling coverage and liability limits of not less than $300,000; consequential damage insurance for damage to other Lots or Common Area. Policies must name Association as additional insured, contai (Section 7.2, pages 19-20)

Voting & meetings

As provided in the Bylaws (Section 3.3, page 7)

Amendments

Not fully detailed in excerpt; Article XVII (Miscellaneous) referenced but not quoted. Amendment likely requires membership vote. (Table of Contents: Article XVII Miscella)

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