Parkstone Place

Key facts from Parkstone Place's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned community (Article I, page 2: "This document establ)

Developer / declarant

Parkstone South, LLC (Opening paragraph, page B34081-P771)

Governing law

North Carolina Planned Community Act, N.C.G.S. §47F-2-101, et seq. (Article 1.1, page B34081-P771)

Assessments & dues

Board determines assessments for expenses (Article VIII) (Section 8.1, page B34081-P794)

Special assessments

Yes, levied as Specific Assessments per Section 8.4 (Section 7.5(b)(iv), page B34081-P792; Se)

Collections & liens

Yes, fines constitute a lien upon the violator's Unit (Section 7.5(b), page B34081-P791)

Reserves & fees

Reasonable reserve may be included in Common Expenses (Section 2.5 definition of 'Common Expens)

Leasing & rentals

Yes, but minimum lease term may be required up to 12 months (Section 3.4(g), page B34081-P779)

Fences

All fences require approval under Article IV (Section 4.1, page B34081-P779)

Architectural approval

Yes, prior written approval required for any structure, fence, site work, exterior alterations (Article IV, Section 4.1, page B34081-P77)

Home business

May be prohibited if not normally associated with residential use (Section 3.4(e), page B34081-P778)

Insurance

Deductible is Common Expense or Service Area Expense; may be assessed to Owner if loss due to negligence/willful misconduct (Section 7.4(b), page B34081-P789 to P790)

Use restrictions

Yes, Units for single-family detached residence (Section 2.5 definition of 'Unit', page B)

Voting & meetings

Class A: one vote per Unit; Class B: Declarant has consent rights and appoints majority during Class B Control Period (Section 6.3, page B34081-P785 to P786)

Amendments

Article XVIII referenced but not included in excerpt (Section 3.4(i) references 'amendments to)

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