Elkin Ridge Townhomes Homeowners Association II, Inc.

Key facts from Elkin Ridge Townhomes Homeowners Association II, Inc.'s documents

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

Community type

Townhome Homeowners Association (Title and Article I)

Units / lots

7 (each lot corresponds to one townhouse unit) (Bylaws Section 2.2 (lots 1-7))

Governing law

North Carolina General Statutes (Chapter 55A for Non-Profit Corporation Act) (Articles of Incorporation (reference to )

Assessments & dues

Maximum $75 per month per lot initially (i.e., $900 per year) (Article III Section 3)

Special assessments

Yes: for townhouse unit maintenance (by Board) and for capital improvements (requires 50% vote of members) (Declaration III.4, III.5)

Collections & liens

Assessment is a lien on the lot, prior except taxes, prior liens, and first mortgages; foreclosure under NC law (Declaration III.10, IV.1; Bylaws 7.4, 7.)

Reserves & fees

Board may establish reserve accounts (Bylaws 4.13(i))

Pets

Yes: dogs, cats, or other household pets; no commercial purposes (Article VIII Section 3)

Leasing & rentals

Yes, via delegation of use to tenants, contract purchasers who reside on property (Article II Section 2)

Fences

Any fence requires architectural approval (Article VII Section 1)

Architectural approval

Yes, for any building, fence, wall, patio, storm door/window, deck, greenhouse, room, or other structure; also any exterior addition or alteration (Article VII Section 1)

Maintenance

Association responsibility (Article VI Section 1)

Voting & meetings

One vote per lot; multiple owners decide how to cast; no cumulative voting (Bylaws 3.6, 3.10; Declaration Article II)

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