Manors at Lexington Plantation

Key facts from Manors at Lexington Plantation's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

The Manors at Lexington Plantation Subdivision

Developer / declarant

P.F. Development Group, Inc., a North Carolina corporation (Page 1, Declaration)

Governing law

North Carolina Planned Community Act (NC Gen. Stat. § 47F) (Article II, Section 1(b): 'Section 47F-3)

Assessments & dues

$350 initially (Expected Maximum Annual Assessment); can increase by 10% each year (Article IV, Section 3)

Special assessments

Allowed with assent of 2/3 of votes of each class, plus Declarant consent during development period (Article IV, Section 4)

Collections & liens

Assessments become a lien upon recording claim of lien; foreclosure permitted under the Act (Article IV, Section 9)

Reserves & fees

Board shall create and maintain a reserve fund for periodic maintenance, repair, replacement of Common Areas (Article IV, Section 5)

Home business

Allowed with Board approval; must be ancillary, operated by full-time resident inside the house, no nuisance (Article VI, Section 7)

Use restrictions

Single-family residential purposes only (Article VI, Section 2)

Voting & meetings

Class A: one vote per Lot owned; Class B: Declarant 100 votes per Lot owned (until termination events) (Article III, 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.