Vill Zion Sq

Key facts from Vill Zion Sq's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned community (not a condominium under North Carolina law) (Section 1.1)

Developer / declarant

New Zion Missionary Baptist Church, Inc. (First page of declaration)

Assessments & dues

Board adopts annual budget; Base Assessments on all Units; Service Area Assessments for specific areas; Special Assessments (with vote); Specific Assessments for specific costs (Sections 8.1, 8.2, 8.3)

Special assessments

Allowed with Board approval or Member vote as per Section 8.2 (Section 8.2)

Collections & liens

Association has lien for unpaid assessments; can foreclose (Section 8.5)

Reserves & fees

Common Expenses may include a reasonable reserve for capital repairs and replacements (Definition of Common Expenses in Article)

Leasing & rentals

Restricted for Detached Single-Family Home Sites and Live-Work/Townhome Sites for first 15 years (except renting a portion with owner occupancy); after that, allowed with minimum lease term up to 12 months (Sections 3.5, 3.6, 3.4(g))

Architectural approval

Yes – all structures, improvements, exterior alterations, landscaping, etc. require prior written approval from Declarant or ARC (Section 4.1, 4.2(a))

Home business

Association may prohibit activities within residential units that are not normally associated with residential use (Section 3.4(e))

Signs & flags

Political signs content not regulated; time, place, manner may be regulated; Architectural Guidelines may set design criteria (Section 3.4(c))

Maintenance

Owner maintains Unit; Association maintains Common Area and any additional areas of common responsibility (Article V, especially Sections 5.1, 5.2,)

Insurance

Each Owner must carry property insurance for full replacement cost of insurable improvements on Unit, unless Association or Additional Association carries it (Section 5.3)

Use restrictions

Detached Single-Family Home Sites restricted to single-family residential for the first 15 years; Live-Work and Townhome Sites have leasing restrictions for 15 years (Sections 3.5, 3.6)

Voting & meetings

Three classes: Class A (residential owners) vote through elected Voting Members from Voting Clusters; Class B (nonresidential owners) vote directly; Class C (Declarant) has approval rights and appoints majority during control period (Section 6.3)

Amendments

Declarant may amend alone during control period; thereafter by Board with approval of Voting Members; requires recording (Article XIX)

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