Northern

Key facts from Northern's documents

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

Community type

Commercial Subdivision (Recitals B: 'architecturally consistent )

Units / lots

3 (Lots 1, 2 and 3) (Article I, Section 13 ('Parcels shall me)

Developer / declarant

Cramer On 150, LLC, a North Carolina limited liability company (Opening paragraph after 'Prepared by and)

Assessments & dues

Not fixed; determined annually by Declarant based on budget (pro rata share of Common Elements Expenses) (Article V, Section 1 and Section 2 ('Ann)

Special assessments

Yes, Declarant may levy Special Assessment to bring a Parcel into compliance (Article V, Section 4 ('Special Assessmen)

Collections & liens

Declarant has lien for delinquent assessments; priority prior to all liens except taxes and first deed of trust; foreclosure as mechanics' liens under NC law (Article V, Section 5 ('Lien for Assessme)

Reserves & fees

Yes, Common Elements Expenses include a reasonable capital reserve (Article I, Section 6 ('Common Elements E)

Leasing & rentals

Yes, Tenant defined as person with lease or occupancy agreement (Article I, Section 26 (definition of Ten)

Parking & vehicles

Not explicitly addressed; Access Roads are for ingress/egress, not parking; no barriers to prevent access (Article II, Section 6 ('Barriers and Tra)

Architectural approval

Yes, construction, exterior alterations, and landscaping require Declarant approval (Article VI, Section 1 ('General') and Se)

Signs & flags

Main Entrance Signage controlled by Declarant; all other signage (including building signs) must comply with stricter of Requirements or Declaration and require Declarant's consent (Article II, Section 5 (Sign Easement) an)

Setbacks / home size

Building Area subject to all applicable zoning requirements and building setback requirements (Article I, Section 4 ('Building Area... )

Maintenance

Declarant maintains Common Elements (Access Roads, Main Entrance Signage, Storm Drainage, etc.); Owner maintains its Parcel, Buildings, and all other improvements, including individual utility lines from septic area to Parcel (Article III, Sections 1 and 2)

Insurance

Not explicitly; Owner must maintain its own public liability ($2M aggregate, $1M single incident) and property damage insurance; Declarant may also carry insurance but not detailed (Article VIII, Section 7 ('Insurance'))

Use restrictions

Declarant may abate nuisances; no specific definition (Article IV, Section 3 ('The Declarant ma)

Voting & meetings

Owners have limited voting rights only as specified (e.g., consent to modify Access Roads; allocation based on acreage for successor declarant votes) (Article II, Section 1.a (consent for acc)

Amendments

Written agreement of Declarant and affected Owners, recorded in Guilford County (Article VIII, Section 17 ('Modification )

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