Sharon Road West Townhomes

Key facts from Sharon Road West Townhomes's documents

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

Community type

Planned community under North Carolina Planned Community Act (N.C. Gen. Stat. Chap. 47F) (Recital 3)

Developer / declarant

Kinger Homes, LLC, a North Carolina limited liability company (First paragraph after recitals)

Governing law

North Carolina Planned Community Act, Chapter 47F, North Carolina General Statutes (Definitions 1.1)

Assessments & dues

Board prepares budget, General Assessments levied equally against all Lots (excluding Declarant during Development Period) (Section 8.2)

Special assessments

May be levied for unbudgeted expenses; requires 67% vote of Class A (and Declarant during Development Period) unless no meeting called (Section 8.4)

Collections & liens

Assessment Lien after 30 days delinquency; demand with 15 days to pay; can foreclose under Act (Section 8.6)

Reserves & fees

Board may prepare reserve budgets and include in Common Expenses (Section 8.3)

Pets

Implied; pet Rules exist (removal of pets in violation) (Section 4.3)

Parking & vehicles

Four Guest Parking Spaces on first-come first-served; Board may make rules (Definition 1.20; Section 2.1(c))

Architectural approval

Yes, for exterior structures or improvements; prior written approval of ARB required (Section 9.1)

Signs & flags

Document regulates or prohibits display of US flag, North Carolina flag, and political signs (First page required statement)

Maintenance

Association responsible for repair, replacement, and maintenance of roof shingles (not other roof portions) (Section 5.1(a))

Insurance

May be assessed as Specific Assessment against negligent Owner (Section 6.1(a)(v))

Use restrictions

Each Lot intended for single-family residence (Definition 1.21)

Voting & meetings

Class A (owners, 1 vote per Lot) and Class B (Declarant, appoints majority of Board during control period) (Section 3.2)

Amendments

Not detailed in this excerpt; amendment of Declaration referenced but no procedure stated (N/A)

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