North River Owners Association Inc

Key facts from North River Owners Association Inc's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

North River Owners Association, Inc. (Recital C)

Developer / declarant

Stackhouse Development Buffaloe Road 2 LLC, a North Carolina limited liability company (Preamble)

Governing law

North Carolina Planned Community Act (Chapter 47F of the North Carolina General Statutes) (Section 1.1 "Act")

Special assessments

May be levied for unbudgeted expenses, capital improvements, restoration, etc. Requires Member approval if exceeding certain thresholds? Not explicitly stated; Association may impose per Section 11. (Section 1.4.4)

Pets

Pets, livestock and poultry are regulated under Section 12.7; details not fully provided in excerpt. (Section 12.7)

Leasing & rentals

Owners may lease their Units subject to Governing Documents; Owner remains responsible for Tenant conduct. (Section 16.2, 16.3)

Architectural approval

Review of proposed construction and alterations by ARB as provided in Article 14. (Section 14.1)

Use restrictions

Units are for residential use only. Leased units permitted per Article 16. (Section 16.1)

Amendments

Declarant may amend during control period; after, Association may amend as provided in Article 18 (see also limitations for mortgagee consent, etc.). (Sections 18.1, 18.2)

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