Mountain Park Mars Hill Homeowners Association

Key facts from Mountain Park Mars Hill Homeowners Association's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (WHEREAS: NCGS 47F-2-117 of the Planned C)

Legal name

Mountain Park Homeowners Association, Inc.

Governing law

North Carolina Planned Community Act (N.C. Gen. Stat. 47F-1-101 et seq.) (CCR WHEREAS; Bylaws Art I)

Assessments & dues

Board prepares budget, provides summary and notice to owners, meeting to consider ratification; budget ratified unless 67% of all lot owners vote to reject (CCR Art II,5)

Special assessments

Board may levy special assessment in emergency or if annual assessment inadequate; for capital improvements must be approved by majority of all lot owners at special meeting; payment due within 90 days of vote (CCR Art II,8)

Collections & liens

Unpaid assessments become lien after 30 days; lien may be foreclosed like mortgage under power of sale; lien priority except prior mortgages and tax liens; lien extinguished if not enforced within 3 years (tolled during bankruptcy); foreclo (CCR Art II,4)

Reserves & fees

Board annually prepares reserve fund budget taking into account replaceable assets, expected life and cost; may set required contribution amount (CCR Art II,9)

Pets

Dogs, cats, other household pets in reasonable numbers (CCR Art III,6)

Leasing & rentals

Yes, for periods of 1 year or more (CCR Art III,3)

Parking & vehicles

Cannot park on any Road on regular basis unless exception given by Board (CCR Art VI,2(e))

Home business

Allowed if does not depend on common rights of way/roads for customers, no regular retail hours, no unreasonable traffic; Association reserves right to approve/disapprove (CCR Art III,2)

Signs & flags

One 'For Sale' sign up to 24"x30" temporarily; one political sign up to 24"x24" only 45 days before election until 7 days after; no other signs (CCR Art IV,14)

Use restrictions

All lots shall be private residential lots; no other use except as agreed (CCR Art III,1)

Voting & meetings

One vote per Lot; voting may be by proxy; majority means more than 50% of eligible votes represented at meeting (for Bylaws) or 67% of all lot owners (for Declaration amendments) (Bylaws Section 2.1, 3.7, 3.8; CCR Art X,)

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