Three Creeks

Key facts from Three Creeks's documents

Community type

Covenant / Planned Community

Legal name

Three Creeks Homeowners Association, Inc. (Article I(b))

Developer / declarant

Three Creeks, Inc., a North Carolina Corporation (First paragraph)

Governing law

North Carolina General Statutes (implied) (Reference to North Carolina law)

Assessments & dues

$900.00 per site initially (Article IV Section 3)

Special assessments

Allowed for capital improvements and emergencies; approved by Board unless majority of members disapprove in writing within 30 days (Article IV Section 4)

Collections & liens

Assessments are a continuing lien on the site; may be foreclosed like a mortgage (Article IV Section 10(b)-(c))

Reserves & fees

Common expenses include a reasonable reserve fund as determined by Board (Article I(f) and Article IV Section 2)

Pets

Yes, dogs, cats and other household pets (Article VI Section 10(i))

Leasing & rentals

Not explicitly prohibited; owners may delegate rights to tenants (Article II Section 3)

Parking & vehicles

Off-street paved parking for at least 3 cars per site; gravel allowed if 6 inches thick (Article VI Section 5)

Fences

Must be approved or concealed from view (Article VI Section 8)

Architectural approval

Yes, for all construction or modification (except interior non-visible) (Article V Section 1)

Home business

Prohibited except Declarant's sales office (Article VI Section 2)

Maintenance

Owner maintains site and improvements; Association maintains Common Area improvements (Article IV Section 2 and Article IX Sect)

Insurance

Casualty insurance for Common Area improvements to full replacement cost (Article X Section 1(a))

Use restrictions

Sites are for residential purposes only, single-family residences (Article VI Section 2)

Voting & meetings

Two classes: Class A (one vote per site); Class B (Declarant, 1.5 votes per site owned) (Article III Section 2)

Amenities

Common Area includes roads, pedestrian paths, swimming pond with gazebo, mountain overlook, upper and lower falls, lower falls cabin, foot bridges (Article I(e))

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