Davencroft Homeowners Association

Key facts from Davencroft Homeowners Association's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Article I Section 1: 'Association' shall)

Legal name

Davencroft Homeowners Association

Units / lots

Lots 1 through 8, 10 through 29, 69 through 84, 90 through 92, and 99 (original section) (Article I Section 5)

Developer / declarant

Davencroft, LLC (Introductory paragraph)

Governing law

North Carolina (State of North Carolina, Pitt County)

Assessments & dues

Maximum $120 per originally platted lot (amended from $100 in 2009) (Declaration Article IV Section 3 as amen)

Special assessments

For capital improvements; requires 2/3 vote of each class (Declaration Article IV Section 4)

Collections & liens

Assessment lien on property; subordinate to first mortgage; foreclosure available; personal obligation of owner at time of assessment (Declaration Article IV Section 1, 8, 9)

Reserves & fees

Interest 18% per annum from due date (Declaration); By-Laws state 8% per annum (potentially conflicting) (Declaration Article IV Section 8; By-Law)

Pets

Yes, limited (Declaration Article VI Section 9)

Signs & flags

One sign max 8 sq ft advertising property for sale; builder signs during construction; no permanent yard ornaments in front yard (Declaration Article VI Section 15)

Use restrictions

Yes (Declaration Article VI Section 1)

Voting & meetings

Class A: one vote per lot; Class B (Declarant): 3 votes per lot, converts to Class A when votes equal or by May 1, 2009 (Declaration Article III Section 2)

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