Theys Mill Homeowners Association Inc

Key facts from Theys Mill Homeowners Association Inc's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Mandatory membership homeowners association under North Carolina Planned Community Act (Recitals, paragraph before Article I: 'T)

Developer / declarant

GHD-Theys Mill, LLC, a North Carolina limited liability company (Opening paragraph)

Governing law

N.C. Gen. Stat. §§ 47F-1-101 et seq. (North Carolina Planned Community Act) (Recitals, last paragraph before Article )

Assessments & dues

Set by Board of Directors annually based on budget; equal share per lot (adjusted up to $100 for rounding). Not to exceed the budgeted Annual Expenses. (Section 6.03)

Special assessments

Board may levy special assessment for capital improvements or if budget inadequate. Equal share per lot. Declarant exempt during Development Period. (Section 6.04, Section 6.01 (exemption of)

Collections & liens

Unpaid assessments constitute a lien on the lot, prior to all liens except ad valorem taxes, first mortgage, and secondary purchase money mortgage. Association may foreclose judicially or non-judicially (power of sale). (Section 6.01, Section 6.07(d))

Reserves & fees

Board may establish reserve funds for capital repairs and improvements as part of budget. (Section 6.03 (budget includes deposits i)

Leasing & rentals

Section 10.04 Leasing: likely allowed with restrictions (text truncated). (Section 10.04 (table of contents))

Parking & vehicles

Section 10.03 Vehicles; Parking: regulates parking, prohibits certain vehicles (text truncated). (Section 10.03)

Fences

Section 10.15 Fences: specific regulations (text truncated). (Section 10.15 (table of contents))

Architectural approval

Yes. No building, fence, wall, or other improvement may be erected or altered without prior written approval of the Architectural Review Committee (ARC). (Section 8.01 Architectural Control)

Home business

Not explicitly addressed in provided text; may be covered in Section 10.01? Not fully visible. (Section 10.01 (limited text available))

Signs & flags

Document regulates or prohibits display of political signs (cover statement). Section 10.02 Signs: likely prohibits signs except certain permitted ones (text truncated). (Cover page: 'THIS DOCUMENT REGULATES OR )

Setbacks / home size

Not explicitly provided in text; likely in recorded Plat or architectural guidelines. (May be referenced in Plat or Section 8.0)

Maintenance

Owner maintains roof (exterior of dwelling) as part of Owner's maintenance responsibility. (Section 7.02 (owner must maintain roofs )

Insurance

Association shall obtain insurance as provided in Article IX; not detailed in provided text. (Article IX (limited text visible))

Use restrictions

Yes. Lots shall be used only for residential purposes (single family detached dwellings). (Section 10.01 Residential Use)

Voting & meetings

Two classes: Class A (each lot one vote) and Class B (Declarant, full voting until termination of Development Period). Class A full voting begins at earlier of Declarant's notice or end of Development Period. (Section 4.03)

Amendments

Article XI Amendment: not fully provided in text. Likely requires vote of owners; Declarant retains certain amendment rights during Development Period. (Article XI (table of contents); also Sec)

Amenities

Common Areas may include recreational facilities (Section 5.04). Specific amenities not listed in provided text. (Section 5.04 (nonexclusive right to use )

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