Waterlynn

Key facts from Waterlynn's documents

Community type

single-family residential planned community (Article I, Section 6)

Developer / declarant

Ryon-West Developers, LLC (Opening paragraph)

Governing law

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

Assessments & dues

$10.00 per month per Lot initial (Article IV, Section 9(c))

Special assessments

Allowed for capital improvements with Board approval (Article IV, Section 9(d))

Collections & liens

Assessments constitute a continuing lien; Association may foreclose (Article IV, Section 9(a), (f))

Reserves & fees

Contingency reserve equal to 10% of sum of certain expenses (Article IV, Section 9(b)(9))

Pets

Dogs, cats or other common household pets may be kept, not for commercial purposes (Article VI, Section 3)

Parking & vehicles

Driveway must accommodate at least two vehicles; overnight on-street parking prohibited (Article VI, Section 8)

Fences

Fences only in rear yard; not chain link; max 6 feet in height (Article VI, Section 10)

Architectural approval

Yes, for all improvements including dwellings, fences, driveways, landscaping, etc. (Article V)

Setbacks / home size

Front: 35 ft from road right-of-way; Rear: 35 ft from boundary; Side road: 25 ft; Interior side: 15 ft (Article III(b))

Maintenance

Owners keep Lots neat and improvements in good repair; Association maintains common areas (Article VI, Section 7; Article IV, Secti)

Insurance

Association may carry hazard and public liability insurance on common areas (Article IV, Section 9(b)(5))

Use restrictions

All Lots shall be used for single-family residential purposes only (Article VI, Section 1)

Voting & meetings

One vote per Lot (Article IV, Section 5)

Amendments

Under NCGS 47F-2-117; Declarant joinder required while Declarant owns any Lot; Declarant may unilaterally amend setbacks, easements, square footage (Article VIII, Section 3)

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