Beeson Oaks

Key facts from Beeson Oaks's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned community (townhome) (WHEREAS clauses and Article I Section 5 )

Legal name

Beeson Oaks

Units / lots

Phase 1: 16 lots (Lots 1-16); additional lots may be created by reconfiguration or annexation (WHEREAS: 'Lots 1, 2, 3, 4, 5, 6, 7, 8, 9)

Developer / declarant

SMI Properties, LLC (Opening paragraph and Article I Section )

Governing law

North Carolina Planned Community Act (NC General Statutes Chapter 47E) (Article I Section 2 (reference to Sectio)

Assessments & dues

Not fixed; established annually by Board and ratified by majority of members present at a budget meeting with quorum (Article IV Section 3)

Special assessments

For capital improvements: requires 80% vote of members; during Declarant Control, also Declarant consent (Article IV Section 4)

Collections & liens

Assessments are a continuing lien when claim of lien filed; Association may foreclose as under NC Planned Community Act. Personal obligation also exists. (Article IV Sections 1 and 9)

Reserves & fees

Association shall establish and maintain adequate reserve fund for periodic maintenance, repair, replacement of Common Area improvements, funded from regular assessments (Article IV Section 2(b))

Pets

Dogs, cats, or other household pets allowed, not for commercial purposes, subject to rules (Article VII Section 4)

Leasing & rentals

Yes, no restriction other than lease must be in writing, have a term of at least 30 days, and be subject to all governing documents (Article II Section 3)

Architectural approval

Yes, for any exterior change including improvements, additions, alterations, painting, landscaping, structures, etc. Plans must be submitted to Board or Architectural Control Committee (Article V Section 1)

Signs & flags

Only one 'For Sale' sign or temporary sign for up to 72 consecutive hours; no sign deemed a nuisance. Declarant may maintain sales signs on Common Area or owned lots. (Article VII Section 8)

Maintenance

Association repairs and replaces roofing materials and gutters (replacement only due to deterioration) (Article VI Section 1: 'the Association s)

Insurance

Each Lot Owner must obtain and maintain a hazard insurance policy with extended coverage and replacement cost endorsement for improvements on the lot; if Owner fails, Association may obtain coverage and lien for costs (Article XI Section 6)

Voting & meetings

One vote per Lot; all record owners are voting Members; when multiple owners, they determine how to cast the single vote (Article III Section 1)

Amendments

Requires 67% vote of Members; termination requires 80% vote; while Declarant owns any lot or can annex, Declarant's consent needed; amendment must be executed by Association officers, attested, and recorded. Declarant may amend unilaterally (Article XI Section 3)

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