Bedford Residential Owners Association, Inc.

Key facts from Bedford Residential Owners Association, Inc.'s documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Bedford Residential Owners Association, Inc.

Developer / declarant

BREEZEWOOD OF FAYETTEVILLE, LLC

Governing law

N.C. Planned Community Act (Chapter 47F) (Article IX, Section 8 (reference to PCA))

Assessments & dues

Initial annual regular assessment $400.00 per lot until December 31, 2015 (Article IX, Section 3)

Special assessments

Allowed for capital improvements, extraordinary maintenance, etc. with assent of members as provided in Section 3 (budget ratification process) (Article IX, Section 4)

Collections & liens

Automatic lien for assessments; enforceable under Chapter 47F PCA; claim of lien recordable after 30 days past due; Association may foreclose; lien subordinate to institutional first mortgage (Article IX, Sections 1, 8, 9)

Reserves & fees

Board may create and maintain a reserve fund for periodic maintenance, repair, and replacement of improvements to Common Area (Article IX, Section 5)

Pets

Yes, up to 2 orderly domestic pets (dogs or cats) per lot (Article VI, Section 12)

Parking & vehicles

Not explicitly allowed or prohibited generally; certain vehicles (recreational, boats, etc.) prohibited from parking on any street or lot unless concealed (Article VI, Section 13: 'no recreational)

Home business

Prohibited; exception only for Declarant model home with sales office; real estate brokers and owners may show lots/homes for sale or lease (Article VI, Section 1)

Signs & flags

Only 'For Sale' or 'For Rent' signs, max 2 sq ft, max 4 ft above ground, fastened to stake in ground, one per lot. Declarant may remove non-compliant signs. Association may develop uniform sign standards. No signs on Common Area without Ass (Article VI, Section 15)

Use restrictions

All lots shall be used for residential purposes only; business uses prohibited except Declarant model home/sales (Article VI, Section 1)

Voting & meetings

Two classes: Class A (each lot one vote); Class B (Declarant, 9 votes per lot during control period). During control, Declarant has sole voting right on all matters. (Article VIII, Sections 2 and 3)

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