Braefield Owners Association Inc

Key facts from Braefield Owners Association Inc's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (HOA) for single-family detached subdivision (Article I Section 1 (subject property) a)

Units / lots

222 (Article X Section 11: 'maximum number of)

Developer / declarant

Carlton Group of North Carolina, LLC and Braefield, LLC (Opening paragraph)

Assessments & dues

Set by budget, not specified in declaration (Article V Section 4 (budget ratification)

Special assessments

Yes, for capital improvements with 2/3 vote of each class; also emergency assessments by Board (Article V Sections 6 and 7)

Collections & liens

Assessment is a continuing lien on the Lot; foreclosure under NC General Statutes Chapter 45 Article 2A; subordinated to first mortgage. Personal obligation also exists. (Article V Sections 1, 11, 12)

Reserves & fees

Association shall establish and maintain reserve fund for periodic maintenance, repair, and replacement of Common Area improvements including Stormwater Control Measures (Article V Section 3)

Pets

Yes, household pets: one cat and one dog per Lot/dwelling (Article VIII Section 5)

Leasing & rentals

Yes, implicitly (Owner may delegate right of enjoyment to tenants who reside on property; Article III Section 2) (Article III Section 2)

Parking & vehicles

Overnight parking prohibited on subdivision streets (Article III Section 4)

Architectural approval

Yes, for any dwelling, fence, wall, other structure, exterior addition/alteration (including color changes, siding, roofing, masonry, shutters) (Article VI(a))

Home business

Prohibited: no business or trade of any kind, including doctor's office, professional office, fraternity house, rooming house, boarding house, antique shop, gift shop. Any business causing undue traffic, noise, outward signs, or having empl (Article VI(k) and Article VIII Section 2)

Setbacks / home size

Two story: first story min 600 sq ft (excl. porches, garages), total min 1150 sq ft. Single story: min 900 sq ft total (excl. porches, garages). (Article VI(a))

Maintenance

Association maintains Common Areas; Owners maintain Lots and dwellings. Association may perform owner's landscaping if owner fails. (Article V Section 2 (purpose of assessme)

Insurance

Association shall insure Common Areas for 100% insurable replacement value including fire and extended coverage, other risks, waiver of subrogation; liability insurance at least $1,000,000 per occurrence. (Article VII Sections 1(b) and (c))

Use restrictions

Yes, except temporary office/model of Declarant (Article VIII Section 2)

Voting & meetings

Two classes: Class A (one vote per Lot) and Class B (Declarant, three votes per Lot). Class B terminates when Class A votes equal Class B, or Dec 31, 2008, or surrender. (Article IV Section 2)

Amendments

Amendments per NC Planned Community Act. For stormwater-related amendments, must be approved in writing by Raleigh City Attorney or deputy. Board must certify validity. (Article X Sections 3 and 5)

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