The Towns at Westgate Owners Association, Inc.

Key facts from The Towns at Westgate Owners Association, Inc.'s documents

Reflects the 2010 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhome Development (30 lot/unit townhome development) (Recital B)

Units / lots

30 lots/units (Recital B)

Governing law

North Carolina Planned Community Act (Chapter 47F of NC General Statutes) (Section 1.19)

Assessments & dues

Initial regular assessment $120.00 per Lot per month, of which $30.00 is payable to Master Association. (Section 4.4)

Special assessments

Not specifically named; but Association may adjust assessments for Common Expenses; also working capital assessment is initial two months of regular assessment upon sale. (Section 4.2)

Collections & liens

Delinquent assessments become continuing lien on Lot; Association may foreclose like deed of trust; lien has priority over subsequent liens except real estate taxes and first mortgage recorded before docketing. Association may recover reaso (Sections 4.9, 4.10, 4.15)

Reserves & fees

Common surplus may be applied to reserve fund at Board's discretion. (Section 4.6)

Pets

Yes, subject to restrictions. (Section 9.7)

Leasing & rentals

Yes, subject to requirements. (Section 9.13)

Parking & vehicles

Prohibited along Collinwood Drive or any street abutting the development. (Section 9.4)

Architectural approval

Yes, for any structure, exterior addition or change (including color), submitted to Board or architectural control committee for approval. (Section 8.1)

Signs & flags

American flag permitted. (Section 9.6)

Maintenance

Association responsible for roof repair and replacement. (Section 3.5)

Use restrictions

Each Lot is restricted to residential use only. (Section 9.2)

Voting & meetings

Class A Members (Lot Owners) have one vote per Lot after expiration of Development Period; Class B Member (Declarant) has majority during Development Period. During Development Period, Class A Members cannot exercise any vote. (Section 3.4)

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