Brownstone Farms

Key facts from Brownstone Farms's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Brownstone Farms Owners Association (Article I (a))

Developer / declarant

Brownstone Farms, LLC, a North Carolina limited liability company (Preamble)

Governing law

Chapter 55A of the North Carolina General Statutes (Nonprofit Corporation Act) (Articles of Incorporation, opening)

Assessments & dues

Board of Directors shall fix the annual assessment after the first year (Article IX Section 3)

Special assessments

Association may levy special assessments for extraordinary maintenance, capital improvements, and for breach of Declaration requiring expenditure by Association (Article IX Section 1)

Collections & liens

Unpaid assessment becomes a lien on the Lot and may be foreclosed pursuant to Article 2A of Chapter 45 of NC General Statutes; personal obligation also exists (Article IX Sections 1 and 4)

Pets

Yes, common pets only (Article IV Section 13)

Use restrictions

All Lots shall be used for residential purposes only; no business or commercial purposes; group homes prohibited (Article IV Section 1)

Voting & meetings

One vote per Lot owned; if residence on more than one Lot, one vote for the residence and no additional vote for other Lots comprising consolidated site; cumulative voting prohibited (Article VII Sections 2 and 4)

Amendments

By written recorded instrument signed by Owners representing at least 75% of votes in Association; also Declarant may amend during Period of Declarant Control reasonably in conformity with plan of development (Article X Section 2)

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