Camden Place

Key facts from Camden Place's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Camden Place Homeowners Association, Inc.) (§1.1)

Developer / declarant

RRT Development, LLC (Introductory paragraph)

Governing law

State of North Carolina law (including N.C. Gen. Stat. Chapter 55A referenced for indemnification) (§6.1 (laws of the State of North Carolin)

Assessments & dues

Initial Base Assessment $120.00 per year (§8.1)

Special assessments

Allowed; requires affirmative vote of more than 50% of a quorum of Class A votes and Class B Member (if exists) (§8.3)

Collections & liens

Association has a lien on each Unit for delinquent assessments, enforceable by suit, judgment, and judicial or nonjudicial foreclosure; lien superior to all except tax liens and first mortgages (§8.7)

Reserves & fees

Board shall prepare at least annually a reserve budget for the Area of Common Responsibility and include a capital contribution in the Common Expense budget (§8.2)

Architectural approval

Reviewer shall respond in writing within 30 days after receipt of a completed application; if no timely response, approval is deemed given (subject to Declarant veto during its control period) (§4.3(b))

Maintenance

Owner responsible for maintenance, repair, replacement of all interior surfaces, appliances, utility fixtures, windows, doors, screens, and any exclusive use common area; Association maintains Area of Common Responsibility (Common Area and (§5.1, §7.2)

Insurance

Deductible shall be treated as a Common Expense, unless Board determines loss is due to negligence or willful misconduct of an Owner, in which case the full deductible may be assessed as a Specific Assessment against that Owner (§7.3(b))

Use restrictions

Unit intended for development, use, and occupancy as a detached residence for a single family (§2.22)

Voting & meetings

Two classes: Class A (all Owners except Declarant, one vote per Unit) and Class B (Declarant, appoints majority of Board during Class B Control Period) (§6.3)

Amendments

Amendment is provided for in Article XVI (not included in this extract); the Declaration runs perpetually with automatic 10-year renewals unless amended (§1.2, reference to Article XVI)

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