Logan S Manor Homeowners Association Inc

Key facts from Logan S Manor Homeowners Association Inc's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (HOA) (Art. II and Art. III)

Legal name

Logan's Manor Homeowners Association, Inc. (also referred to as Bailey's Hill Homeowners Association, Inc. in WHEREAS clauses) (Title and Art. I §2)

Developer / declarant

The Drees Company, d/b/a The Drees Home Company, a Kentucky corporation (Preamble)

Governing law

North Carolina Planned Community Act (Chapter 47F of the North Carolina General Statutes) (Art. I §1)

Special assessments

May be levied for capital improvements, extraordinary maintenance, or purchase at foreclosure. Requires 2/3 vote of each class. Board may declare emergency special assessment up to $500 per Lot (once every 5 years) unless 90% of total vote (Art. V §5)

Reserves & fees

Monthly late charge as established by Board. (Art. V §7)

Pets

Yes, dogs, cats, or other household pets, not for commercial purposes. (Art. X §7)

Leasing & rentals

Yes, owner may lease or sublet dwelling. (Art. III §3)

Voting & meetings

Two classes: Class A (one vote per Lot owned by non-Declarant); Class B (Declarant: ten votes per Lot owned during Declarant Control Period, then one vote per Lot after Control Period ends). No fractional voting. (Art. III §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.