Parkstone Village Townhomes Homeowners Association

Key facts from Parkstone Village Townhomes Homeowners Association's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association under North Carolina Planned Community Act (Article I, Section 1 (Act definition))

Developer / declarant

Clayton Properties Group, Inc., a Tennessee corporation (Preamble and Article I, Section 12)

Governing law

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

Assessments & dues

Determined by Board, not exceeding Maximum Annual Assessment; initial amount not specified (Article V, Sections 3 and 4)

Special assessments

Requires approval by Declarant (during Declarant Control Period) and 2/3 of Class A Members present and voting at a meeting with 60% quorum (Article V, Section 5)

Collections & liens

Assessment lien after 30 days unpaid; may be foreclosed; subordinate to first mortgage; personal obligation of owner at time due (Article V, Sections 7 and 8)

Reserves & fees

Allocations to reserve funds included in Common Expenses (Article I, Section 9(i))

Pets

Yes, reasonable number of cats, dogs, and other household pets (Article X, Section 4)

Leasing & rentals

Yes, Owner may lease to residential tenants for profit (Article X, Section 1 and Section 10)

Fences

Must meet zoning, require approval; chain-link not permitted; fence easement for tying with neighboring fence (Article X, Section 8; Article VIII, Sect)

Architectural approval

Yes, for any building, fence, sign, wall, structure, exterior change, major landscaping (Article IX)

Home business

Prohibited; no trade, business, profession, or commercial activity except Declarant/builders and leasing by Owners (Article X, Section 1)

Signs & flags

One real estate sign (max 6 sq ft); up to two political signs (max 6 sq ft each, placed 60 days before election, removed within 2 days after). No signs on Common Area without Association consent. (Article X, Section 12)

Insurance

Hazard insurance on insurable improvements on Common Area on replacement cost basis, 100% insurable value; liability insurance (Article VII, Section 3(c) and Article IV)

Use restrictions

All Lots shall be used for residential purposes only (Article X, Section 1)

Voting & meetings

Class A (Owners): 1 vote per Lot. Class B (Declarant): 9 votes per Lot during Declarant Control Period, then 1 vote per Lot. (Article III, Section 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.