Lexington Square Homeowners Association, Inc.

Key facts from Lexington Square Homeowners Association, Inc.'s documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners_association (Name: Lexington Square Homeowners Associ)

Legal name

Lexington Square Homeowners Association, Inc.

Developer / declarant

J. R. YORKE CONSTRUCTION COMPANY, INC.

Governing law

North Carolina Non-Profit Corporation Act, Chapter 55A (Articles of Incorporation, opening parag)

Assessments & dues

$216.00 per Lot initially (CCR Article IV Section 3)

Special assessments

Allowed for capital improvements; requires assent of 2/3 of votes of each class (CCR Article IV Section 4)

Collections & liens

Assessments are a continuing lien on the lot; Association may foreclose or sue owner personally (CCR Article IV Sections 1, 8; By-Laws Ar)

Pets

Yes (CCR Article VIII Section 3)

Leasing & rentals

Yes (implied by references to renters and landlords in Rules) (Rules, last paragraph)

Parking & vehicles

Only passenger cars and trucks of 1/4 ton capacity or less permitted in parking area (Rules Rule 2)

Architectural approval

Yes, for any building, fence, wall, exterior addition, change or alteration (CCR Article VII; Rules Rule 11)

Signs & flags

Real estate or 'For Rent' signs only in flower beds; no signs in windows; signs in grassy area removed (Rules Rule 5)

Voting & meetings

Class A: one vote per lot for Owners (except Declarant); Class B: three votes per lot for Declarant until conversion (CCR Article III Section 2; By-Laws Artic)

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