Butterfield Homeowners Association

Key facts from Butterfield Homeowners Association's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Butterfield Homeowners Association, Inc. (Article II, §2.4, Page 7: Association sh)

Developer / declarant

AH Builders LLC (Recitals, Page 5: AH Builders LLC, a Nor)

Governing law

Chapter 47F of the North Carolina General Statutes (Planned Community Act) (Article I, Page 6: The terms and provisi)

Assessments & dues

Board prepares annual budget of estimated Common Expenses, then levies Base Assessments equally against all Lots (Article IX, §9.3, Page 28: At least 60 d)

Special assessments

Allowed for unbudgeted expenses or expenses in excess of budget; requires affirmative vote of majority of Board and consent of Declarant during Declarant Control Period (Article IX, §9.4, Page 29)

Collections & liens

Unpaid assessments, late charges, interest, costs, attorney's fees become a lien on the lot. Lien is superior to all other liens except taxes and prior recorded liens. Association may file a claim of lien in Lenoir County clerk of court. (Article IX, §9.2, Page 27-28)

Reserves & fees

Required for periodic maintenance, repair, and replacement of Stormwater Control Facilities; also general reserve budget for capital assets (Article IX, §9.1, Page 26: Association s)

Voting & meetings

Two classes: Class A (owners) one vote per lot; Class B (Declarant) three votes per lot owned plus one per lot owned by others. Class B ends upon conveyance of all lots, surrender of appointment rights, or expiration of rights under Article (Article III, §3.3, Page 10-11)

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