Bridgewater (NC)

Key facts from Bridgewater (NC)'s documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community governed by North Carolina Planned Community Act (N.C.G.S. § 47F) (Declaration, Preamble: 'Pursuant to and )

Legal name

Bridgewater Community Association, Inc., a North Carolina non-profit corporation (Modification of Setback first paragraph;)

Governing law

North Carolina Planned Community Act, N.C.G.S. § 47F (Declaration, Preamble)

Special assessments

Allowed, levied by Board (Section 8.4). Also Specific Assessment for repair/reconstruction (Section 6.4). (Declaration Sections 8.4, 6.4)

Collections & liens

Unpaid assessments and fines constitute a lien on the Lot, enforceable as an assessment. (Declaration Section 4.7(a)(i), 5.2(b), 5)

Reserves & fees

Reasonable reserve included in Common Expenses (Section 1.10). (Declaration Section 1.10)

Pets

Pet rules exist; enforcement includes removal of pets violating pet rules (Section 4.7(c)). No specific limits provided. (Declaration Section 4.7(c))

Leasing & rentals

Tenants allowed; Owner may assign Common Area use rights to tenant (Section 2.3). No specific restrictions on term or short-term rentals provided. (Declaration Section 2.3)

Parking & vehicles

Parking rules exist; enforcement includes towing of vehicles in violation (Section 4.7(c)). No specifics provided. (Declaration Section 4.7(c))

Architectural approval

Yes, Design Review Board and Modifications Committee (Article 9) with Design Guidelines. Specific approval process not detailed in excerpt. (Declaration Sections 1.18, 1.19, 1.28, A)

Setbacks / home size

Modified for Lot 7 (15 Green Laurel Trail): western property line setback reduced to 20 feet. Original setback not specified. (Modification of Setback, Operative parag)

Insurance

Association obtains insurance for Common Area improvements (fire, extended coverage, vandalism) at least 80% replacement cost, and public liability ($1M each occurrence, $2M general aggregate, $2M products/completed operations). (Declaration Section 6.1)

Use restrictions

Yes: Lots restricted exclusively to single-family residential use and detached single-family dwellings. (Declaration Section 2.1)

Voting & meetings

Class A (one vote per Lot) and Class B (Declarant: three times total Class A votes until termination). Class B terminates on earliest of: 120 days after 100% of Lots conveyed to non-Builder/Owners, or Declarant’s determination, or December (Declaration Section 3.3)

Amendments

Not fully detailed in excerpt; Class B termination and Declarant control provisions affect amendments. Specific amendment procedure likely requires supermajority. (Declaration Sections 3.3, 3.5)

Amenities

Common Area includes hiking trails, park with picnic pavilion and fire pit. Private roads. (Declaration, WITNESSETH)

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