Viking Hms

Key facts from Viking Hms's documents

Reflects the 1988 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

New River Plantation Community Services Association, Inc. (Section 1.a: '"Association" shall mean a)

Developer / declarant

Viking Homes, Inc., a North Carolina corporation (Opening: 'THIS DECLARATION is made this )

Governing law

References N.C.G.S. 47C-1-103 for condominium unit definition (Section 1.g: 'condominium unit as define)

Special assessments

For capital improvements, requires assent of 51% of votes of members voting in person or by proxy at a meeting (Section 5)

Collections & liens

Assessments are a continuing lien on the lot; Association may foreclose like a deed of trust (Section 6)

Reserves & fees

Assessment not paid within 30 days of due date bears interest at max rate allowed by law and such late fees as set by Board (Section 6)

Use restrictions

Living Units intended for single-family residence; no explicit restriction but implied by definition and use restrictions (Section 1.e: 'intended for use and occup)

Voting & meetings

Two classes: Class I (owners, one vote per lot); Class II (Declarant, three votes per lot owned, plus additional votes for undeveloped acres and apartments) (Section 5.b)

Amendments

First 20 years: requires 90% of lot owners and Declarant consent (or Declarant alone if it owns 90% of lots); after 20 years: 75% of lot owners (Section 16)

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