Highpark Court Townhomes Association Inc

Key facts from Highpark Court Townhomes Association Inc's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (townhome homeowners association, nonprofit corporation) (Section 1.08 and Article 1)

Legal name

Highpark Court Townhomes Association, Inc. (Section 1.08)

Developer / declarant

H Brooks Real Estate, LLC, a North Carolina limited liability company (Preamble (BK015576PG02793))

Governing law

North Carolina Planned Community Act (Chapter 47F of the North Carolina General Statutes) (Section 1.01)

Assessments & dues

Annual assessments established by Board based on budget; may include reserve allocations (Section 6.05, 6.15) (Sections 6.05, 6.15)

Special assessments

Allowed as per Section 6.08 (Special Assessments) and Section 6.09 (Special Individual Assessment); also for insurance deficiencies (Section 3.02(y)) (Sections 6.08, 6.09, 3.02(y))

Collections & liens

Assessments create a lien on the Lot; lien may be foreclosed as per Sections 6.11-6.14. Association has lien rights. (Sections 6.01, 6.11, 6.13, 6.14)

Reserves & fees

Association shall establish reserve funds (Section 6.15) (Section 6.15)

Leasing & rentals

Yes, Section 9.02 addresses leases; Owners may lease Dwelling units subject to Governing Documents. (Section 9.02)

Fences

Fences require approval; if installed, Owner maintains (Section 3.03(e)(iii)). Not prohibited or detailed. (Section 3.03(e)(iii))

Architectural approval

Yes, architectural approval required for improvements; architectural review committee (Article 11) (Article 11, Section 11.01)

Home business

Not explicitly addressed in excerpt (Not stated)

Signs & flags

Document regulates or prohibits display of political signs (required statement at top of document) (First page (BK015576PG02788))

Maintenance

Association maintains roof coverings (Section 3.03(e)(i)) (Section 3.03(e)(i))

Insurance

Association shall obtain property insurance on Common Elements and liability insurance (Article 7). Property insurance covers Common Elements (Section 7.02). (Sections 7.01-7.03)

Use restrictions

Implied; Dwelling defined as residence (Section 1.22); no explicit statement but property is townhome community. (Section 1.22)

Voting & meetings

Membership and voting rights detailed in Article 5; each Owner has membership and votes as per Bylaws (Article 5 (Table of Contents), Section 1)

Amendments

Article 15: Declarant may amend unilaterally during Development Period (Section 15.01), otherwise Members may amend by vote as provided (Section 15.02); consent of Mortgagees may be required (Section 15.03). (Sections 15.01-15.03)

Amenities

Defined in Section 1.03 but Declarant and Association are not obligated to construct any amenities. (Section 1.03)

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