Everett Crossing Homeowners Association Inc

Key facts from Everett Crossing Homeowners Association Inc's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowner Association (Everett Crossing Homeowners Association, Inc.) (Page 1, Recital C)

Governing law

North Carolina Planned Community Act (Chapter 47F of the North Carolina General Statutes) (Section 1.1)

Special assessments

Permitted for unbudgeted expenses, capital improvements, restoration, etc. May be assessed against all Lots or specific Townhomes depending on purpose. (Section 1.4.3)

Collections & liens

Association has right to file notices of lien rights, claims of lien, and enforce assessment liens under N.C. Gen. Stat. §44A. Specific foreclosure procedures not detailed. (Section 7.5.2; Article 11 (implied lien )

Reserves & fees

Association may fund reserves as part of Common Expenses (reference in definition of Operating Deficit). (Section 1.33)

Leasing & rentals

Defined Tenant as any Person who occupies Lot for consideration. Tenants are not Members. No restrictions on leasing mentioned. (Section 1.50)

Parking & vehicles

Non-exclusive easement for vehicular traffic over private streets and parking on Common Areas as designated by Board. No specific parking rules on lots. (Sections 5.7, 5.2.3)

Signs & flags

This document regulates or prohibits the display of political signs and the flag of the United States of America or State of North Carolina (as noted on cover page). No specific text provided in excerpts. (Cover page (stamp))

Use restrictions

Implied: Townhome defined as 'residential dwelling unit'. No express restriction on other uses. (Section 1.52)

Voting & meetings

Class A Members (owners of Lots) entitled to one vote per Townhome; Class B Member (Declarant) entitled to 10 votes for each Class A vote and 10 votes for each Lot owned by Class B Member; Class B membership ceases on expiration of Declaran (Section 4.2.1, 4.2.2)

Amendments

Declarant may unilaterally amend Article 2 without Owner consent as long as Declarant owns property in Community. Other amendments likely require Owner vote (text not provided). (Section 2.7; Section 2.5 (withdrawal rig)

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