The Cottages at Kilmarlic Homeowners Association

Key facts from The Cottages at Kilmarlic Homeowners Association's documents

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

Legal name

The Cottages at Kilmarlic Homeowners Association, Inc. (Section 1.4)

Governing law

Chapter 47F of the North Carolina General Statutes (North Carolina Planned Community Act) (Article 1, Section 1.1)

Special assessments

Board may levy assessments to cover unbudgeted or excess expenses; effective upon Board approval unless disapproved by Declarant during Development Period (Section 10.3 (last paragraph))

Reserves & fees

Board prepares annual reserve budgets and includes reserve contributions in assessments (Section 10.4)

Use restrictions

Use Restrictions defined in Article 12 (not fully excerpted); includes regulation of political signs as noted on cover (Cover page and Section 1.35)

Voting & meetings

One (1) equal vote per Lot; if multiple Owners, vote exercised as they determine and advise Secretary; if unable to agree, vote disregarded (Section 3.3)

Amendments

Article 18 (not fully excerpted) provides amendment process; Article 9.5 requires Declarant consent during Development Period for amendments to Article 9; Article 11 may not be amended without Declarant consent during Development Period (Sections 9.5, 11.1 (last paragraph))

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