Grissom Woods

Key facts from Grissom Woods's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association

Legal name

GRISSOM WOODS HOMEOWNERS ASSOCIATION, INC.

Developer / declarant

Grissom Woods, LLC, a North Carolina limited liability company (DOC 11212, Article I Section 8, page 2)

Assessments & dues

Initial maximum annual assessment not specified (blank in document). (DOC 11212, Article IV Section 3(a), page)

Special assessments

Special assessments for capital improvements or extraordinary maintenance require 2/3 vote of each class. (DOC 11212, Article IV Section 4, page 8)

Collections & liens

Assessment is a continuing lien upon the lot; Association may foreclose lien or bring personal action after 30 days delinquency; includes interest, costs, attorneys fees. Lien subordinate to institutional first mortgage and ad valorem taxes (DOC 11212, Article IV Section 1, 9-10, p)

Reserves & fees

Board shall create and maintain a reserve fund for periodic maintenance, repair, and replacement of improvements to Common Properties. (DOC 11212, Article IV Section 5, page 8)

Pets

Dogs, cats, pet birds, or other household pets allowed if not kept for commercial purposes, controlled per governmental ordinances, and not a nuisance. (DOC 11212, Article VII Section 4, page 1)

Insurance

Association shall procure and maintain liability and hazard insurance on property owned by the Association. (DOC 11210, Article VIII Section 1 E, pag)

Use restrictions

Property shall be used for single-family residential purposes and purposes incidental or accessory thereto. (DOC 11212, Article VII Section 2, page 1)

Voting & meetings

Two classes: Class A (owners) one vote per lot; Class B (Declarant) six votes per lot. Class B converts to Class A when Class A votes equal or exceed B, or 10 years from recording of declaration. (DOC 11212, Article III Section 2, page 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.