Griffis Glen Homeowners Association Inc

Key facts from Griffis Glen Homeowners Association Inc's documents

Community type

Covenant / Planned Community

Legal name

Griffis Glen Homeowners Association Inc

Units / lots

344

Developer / declarant

Griffis Glen, LLC

Governing law

North Carolina Planned Community Act (Chapter 47F) (Section 1.23)

Assessments & dues

Board of Directors fixes amount of monthly Regular Assessment at beginning of each calendar year (Section 5.6.1)

Special assessments

Board may levy Special Assessments; capital improvements exceeding $25,000 per item or $50,000 aggregate per calendar year require 2/3 vote of each class of members (Section 5.3)

Collections & liens

Unpaid assessments become a continuing lien on the Lot; Association may foreclose lien in same manner as mortgage (Sections 5.11, 5.12)

Reserves & fees

Association shall provide adequate reserves for replacement of capital improvements (Section 5.1)

Architectural approval

Written consent of Association required for exterior alterations, including painting or changing appearance (Section 4.7.3)

Insurance

Fire, extended coverage, vandalism, malicious mischief, liability insurance; Common Areas insured at 100% replacement value (Section 7.1)

Use restrictions

Development limited to single family detached homes and accessory uses on individual lots (Section 1.19)

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