Moncure Valley and Moncure Hills Homeowners Association, Inc.

Key facts from Moncure Valley and Moncure Hills Homeowners Association, Inc.'s documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Moncure Valley and Moncure Hills Homeowners Association, Inc.

Developer / declarant

Caviness Land Development, Inc.

Governing law

North Carolina Planned Community Act (Chapter 47F of the North Carolina General Statutes) (Declaration, Preamble and Art. I, §?)

Special assessments

Yes, for capital improvements, with assent of majority of Members voting in person or by proxy at duly called meeting (Art. VI, §4)

Reserves & fees

Board may create and maintain a reserve fund for periodic maintenance, repair, replacement of improvements to Common Properties (Art. VI, §5)

Leasing & rentals

Not explicitly addressed; but residents include tenants (see definition of Owner – excludes lessee) (Art. I, §13 (Owner definition mentions l)

Parking & vehicles

Commercial vehicles allowed only within rear yard privacy fence (see where_you_may_park) (Art. VII, §8)

Home business

Prohibited – no business or commercial purposes (Art. VII, §1)

Signs & flags

Except model homes and builder temporary directional signs, no signs allowed except 'For Rent' or 'For Sale' signs not exceeding 6 sq ft. Builder temporary directional signs in common areas not larger than 10 sq ft. (Art. VII, §7)

Setbacks / home size

Comply with all setback requirements per plats; maximum build upon area per lot is 6,772 sq ft. Building line set-back may be varied by up to 10% with Declarant's express consent. (Art. VII, §4)

Maintenance

Not explicitly allocated but likely Owner as part of dwelling maintenance

Insurance

Any deductibles payable by Association upon loss shall be common expense; may levy Insurance Assessment (Art. VI, §6)

Use restrictions

Yes; all Lots for residential purposes only, no business or commercial use. Declarant may use for model home/sales office. Group family homes prohibited. (Art. VII, §1)

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