Linkside at Village at Nags Head

Key facts from Linkside at Village at Nags Head's documents

Reflects the 1989 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Property Owners Association) (Title and definition of Association)

Units / lots

47 (based on enumeration: original 12 lots (27-38) + Section I 9 lots + Section III 11 lots + Section IV 9 lots + Section V 6 lots) (Combination of original declaration and )

Developer / declarant

Ammons Dare Corporation, a North Carolina corporation (Preamble, Declarant definition Article I)

Governing law

North Carolina non-profit corporation law (Reference to North Carolina incorporatio)

Assessments & dues

Board of Directors may increase maximum annual assessment by up to 10% without vote; further increases require approval of Members entitled to two-thirds of votes. (Declaration Article V Section 3(a) and ()

Special assessments

Special assessments for capital improvements require same two-thirds vote as annual assessment increase. (Declaration Article V Section 4)

Collections & liens

Assessment is a lien on the Lot; Association may foreclose; personal obligation does not pass to successors unless assumed. (Declaration Article V Sections 1 and 8)

Reserves & fees

$10.00 if not paid within 10 days after due date. (Declaration Article V Section 8)

Leasing & rentals

Not explicitly restricted beyond occupancy; tenants may use Common Area; no minimum term, rental cap, or disclosure requirements stated. (Declaration Article IV Section 2(b); By-)

Architectural approval

If Board fails to approve or disapprove within 30 days after submission, approval is deemed given. (Declaration Article VI)

Use restrictions

All Lots shall be used for residential purposes only; only one family may occupy as principal residence at any one time. (Declaration Article VIII Section 1)

Voting & meetings

Two classes: Class A (one vote per lot); Class B (Declarant, three votes per lot until conversion). Conversion when Class A votes equal Class B or December 31, 1990, whichever first. (Article III, Declaration and By-Laws)

Amendments

First 25 years: amendment requires instrument signed by Owners of not less than 90% of Lots. Thereafter: 75% of Lots. Also requires approval of Nags Head Town Attorney; if FHA/VA applicable, their approval also required. (Declaration Article XII 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.