Spring Forest Condominiums Homeowners Association

Key facts from Spring Forest Condominiums Homeowners Association's documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Spring Forest Condominiums Homeowners Association, Inc. (Section 1.3)

Units / lots

Original: Lot 1 of Bent Creek Subdivision, Section One. Amendments: Lot 2 (Phase 2) and Lot 3 (Phase 3). (Exhibit A (original), Amendment 1 Exhibi)

Governing law

Chapter 47C of the North Carolina General Statutes (North Carolina Condominium Act) (Preamble and Section 1.1)

Assessments & dues

Board has power to levy assessments against units for common expenses. Assessments are due in monthly installments. Assessments begin when Board elects. (Sections 6.1, 13.10)

Special assessments

Not explicitly named, but common expenses include expenditures made or liabilities incurred by or on behalf of association; special assessments would be included. (Section 1.7 (Common Expenses definition))

Collections & liens

Assessments are a lien on the assessed unit; lien may be foreclosed and unit sold if payment delinquent. (Section 6.1)

Reserves & fees

Reserves mentioned as part of common expenses and as a matter for consent of first mortgagees (Section 13.7(c)). Specific reserve requirements not stated. (Sections 1.7, 13.7(c))

Pets

Pets allowed subject to rules; no animals, livestock or poultry of any kind kept except no more than two dogs, two cats, or other household pets, but not to exceed three total animals at any time. Pets not for commercial purposes. Board may (Section 5.9)

Leasing & rentals

Leasing allowed subject to restrictions: no transient or hotel purposes (rental less than 30 days or with hotel services). Lease must be for entire unit, in writing, subject to Declaration and Bylaws. Lessee compliance required. Owner must (Section 5.8)

Architectural approval

Alterations of units subject to Bylaws. Alterations of common elements require prior written consent of Board. Storm door must be of same kind and make approved by Association. No flower boxes on front windows. No playground equipment on co (Sections 2.4, 5.5, 5.7; Exhibit E rules )

Use restrictions

Units shall be occupied and used for residential purposes only. (Section 5.3(a))

Voting & meetings

Each unit has one vote; total votes equal total number of units. (Exhibit C (original and amendments))

Amendments

Amendment must comply with Act (Sections 2-108, 2-117). No amendment altering special declarant rights without declarant's written consent. Certain amendments require consent of eligible mortgage holders (Section 13.7). During declarant con (Article XII, Sections 13.1, 13.7)

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