Whitestone Master HOA

Key facts from Whitestone Master HOA's documents

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

Community type

Planned community subject to North Carolina Planned Community Act (Chapter 47F) (Article I Section 13)

Legal name

Whitestone Master Homeowners Association, Inc. (Article I Section 4)

Governing law

North Carolina Planned Community Act, Chapter 47F of the General Statutes (Article I Section 13)

Assessments & dues

Initially $274.80 per Lot per year ($22.90 per month) maximum; may be increased by Board up to 10% per year without membership vote; unlimited increase with 2/3 vote of each class and Declarant consent during control period (Article IV Section 3(b))

Special assessments

May be levied for capital improvements with assent of 2/3 of each class voting (plus Declarant consent during development period); uniform rate for all Lots; may be collected monthly (Article IV Section 4)

Collections & liens

Association has a continuing lien upon the Lot for unpaid assessments, recorded claim of lien in Clerk of Superior Court; may foreclose like a deed of trust under power of sale (Article 2A of Chapter 45) or judicial foreclosure; personal ob (Article IV Sections 1 and 9)

Reserves & fees

Association must establish and maintain adequate reserve fund for periodic maintenance, repair, replacement of Common Elements and Easement Agreement obligations, funded from regular assessments. (Article IV Section 2(b))

Leasing & rentals

Yes, Lots may be leased; lease must be in writing, term not less than one month; lease must be subject to Declaration, Articles, Bylaws; lessee failure to comply is default. (Article II Section 6)

Parking & vehicles

May be restricted or prohibited by Association rules; towing allowed. (Article II Section 4(f))

Architectural approval

Not established in this Master Declaration; Additional Covenants (Article V) may impose architectural controls through Secondary Associations. (Article V: Declarant may impose Addition)

Signs & flags

Association and Declarant may erect subdivision signs on Common Elements and sign easements; Declarant may erect sales signs during ownership; no restriction on Owner signs in this document. (Article VI Section 2)

Maintenance

Association responsible for maintenance of Common Elements, open spaces, streets not dedicated, medians, street lights, retention/detention ponds, erosion control devices, walking trails; Owners responsible for assessments to fund this; no (Article II Section 2, Article IV Section)

Use restrictions

Lots intended for single family residential purposes, townhome, or condominium; no explicit residential-use-only restriction in this Master Declaration; however, Lots are defined for residential purposes. (Article I Section 8: "any separately num)

Voting & meetings

One vote per Lot; Class B (Declarant) gets 3 votes per unsold Lot during Declarant Control Period; after conversion, each Lot one vote; multiple owners cast one vote collectively; sub-classes for Executive Board elections (Article III Sections 1, 2, 4)

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