C Walter Langston Ira Dated

Key facts from C Walter Langston Ira Dated's documents

Community type

planned community (Article II, Section 1)

Developer / declarant

MID-WEST TRUST COMPANY, a Kansas corporation, as Trustee for the C. Walter Langston IRA dated 3-7-94 (Introductory paragraph)

Governing law

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

Assessments & dues

Annual maintenance cost determined by total cost divided by number of Lots; special assessments for insurance premiums per unit (Article IV, Section 2; Article VI, Secti)

Special assessments

Insurance premiums are special assessments per Lot; other special assessments not defined but likely allowed via Bylaws (Article VI, Section 4(c))

Collections & liens

Unpaid assessments, insurance premiums, and repair costs become a continuing lien enforceable as statutory lien under NCGS 47F-3-116 (Article IV, Section 2; Article VI, Secti)

Pets

Yes, animals commonly known as household pets may be kept, not bred or maintained for any purpose other than household pets (Article III, Section 10)

Leasing & rentals

Not explicitly prohibited; delegation of use to tenants allowed with rules (Article VI, Section 5)

Parking & vehicles

Prohibited except in designated parking spaces (Article III, Section 8(e))

Fences

Not explicitly addressed; any structure requires ARC approval (Article III, Section 1 (general approval)

Architectural approval

Yes, prior to construction of any improvements, plans must be submitted to Declarant for approval (Article III, Section 1)

Home business

Private home offices and child care for no more than two (2) non-custodial children allowed, provided no nuisance traffic (Article III, Section 3)

Maintenance

Association responsible for exterior maintenance of roofs, gutters, downspouts, exterior building services, trees, shrubs, walks; any damage caused by owner's negligence added to assessment. Owner responsible for interior maintenance and re (Article VI, Section 4(a))

Insurance

Lot Owner responsible for insurance on personal contents; individual policies must contain waivers of subrogation and not affect Association policy (Article VI, Section 4(d))

Use restrictions

All Lots shall be used solely for single family residential purposes (one single family dwelling per Lot), and no business or commercial activity will be permitted on or upon a Lot (Article III, Section 3)

Voting & meetings

Each Owner of a Lot (not Parking Unit) entitled to one vote; when multiple owners, they designate voting person. Parking Unit Owners no vote. (Bylaws Article IV, Section 4.6)

Amendments

During Control Period: Declarant may amend unilaterally. After: 67% vote of all Lot Owners (one vote per Lot), recorded in Rutherford County. (Article VI, Section 9)

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