Windsor Commons Homeowners Association Inc

Key facts from Windsor Commons Homeowners Association Inc's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (townhome lots in fee simple, Association owns Common Area) (Art. I, Sec. 5 & 9)

Units / lots

59 (townhome lots) (Same as total lots)

Governing law

North Carolina General Statutes (Art. 2A of Ch. 45, Art. 8 of Ch. 44 for lien enforcement) (Art. IV, Sec. 10)

Assessments & dues

Initial maximum $150.00 per Living Unit per month until Dec 31, 2008 (Art. IV, Sec. 3(a))

Special assessments

For extraordinary maintenance or capital improvements; requires 2/3 member vote, except Board may approve one special assessment per year not to exceed $400.00 without vote; must be uniform rate for all Lots (Art. IV, Sec. 4 & 7)

Collections & liens

Assessments become a continuing lien on the Lot; enforceable under NC Gen. Stat. Art. 2A of Ch. 45 after recording Claim of Lien; lien subordinate to first mortgage and ad valorem taxes; sale under mortgage or tax foreclosure extinguishes p (Art. IV, Sec. 1, 10, 11, 13)

Reserves & fees

Board shall create and maintain a reserve fund for periodic maintenance, repair, replacement of improvements to the Buildings (Art. IV, Sec. 5)

Pets

Yes, dogs, cats, or other household pets (Art. VIII, Sec. 4)

Leasing & rentals

Yes, but minimum lease term of 6 months; no transient tenants; no leasing of part of a townhome; lease must be in writing on NC Board of Realtors form or approved by Association; copy must be forwarded to Association; lease must contain pro (Art. VIII, Sec. 17)

Parking & vehicles

Motorboat, houseboat, camper vehicle may not be stored except temporarily as approved or inside closed garage (Art. VIII, Sec. 11)

Fences

Fences require ARB approval; may be denied if unreasonable obstruction of another Owner's view (Art. VI, Sec. 1)

Architectural approval

Yes, ARB approval required for all site preparation, construction, alterations, fences, signs, etc. (Art. VI, Sec. 1)

Home business

Permitted as 'work from home' with no commercial pedestrian or vehicular traffic (Art. VIII, Sec. 8)

Maintenance

Association paints, repairs, replaces, and cares for roofs (Art. VII, Sec. 1)

Insurance

Each Owner must maintain casualty insurance at full replacement value on building, improvements, and Living Unit (including excavation/foundation), liability insurance at least $1,000,000 per occurrence, standard extended coverage, and othe (Art. X, Sec. 4)

Use restrictions

Property shall be used for single-family residential purposes and incidental/accessory uses only; except Declarant's temporary office/model townhomes (Art. VIII, Sec. 2)

Voting & meetings

Each record Owner of a Lot subject to assessment is a member; one class; voting may be suspended by Board for just cause (Art. III, Sec. 1, 2, 3)

Amendments

First 20 years: 67% of Lot Owners; thereafter 67%; also Declarant may amend without membership approval for certain purposes (conform to laws, qualify for tax-exempt, correct clerical errors, etc.) (Art. XIII, Sec. 3 & 4)

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