Thornton Reserve Townhome Association Inc

Key facts from Thornton Reserve Townhome Association Inc's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Cluster Unit Development, Townhouse Development, Planned Development Conditional Use Overlay District (Checkboxes in Preamble and Articles III,)

Legal name

Thornton Reserve Townhome Association, Inc. (Page 2, 'Name of Association')

Developer / declarant

GHD-Thornton Reserve, LLC (Page 2, Legal Name of Declarant)

Governing law

Chapter 47C (North Carolina Condominium Act) and/or Chapter 47F (North Carolina Planned Community Act) of the North Carolina General Statutes (Recitals and Article I, Section 1(a))

Collections & liens

Association may file claim of lien for unpaid assessments as provided in Act; City as assignee may file lien for unpaid utility costs and foreclose like a mortgage (Article II, Sections 14 and 18)

Reserves & fees

$300 within first 45 days of default, $500 after 45 days (for unpaid utility maintenance costs) (Article II, Section 14)

Amendments

Requires City Approval; during first 10 years Declarant may amend with City Approval without other consent; after that, consent of 67% of votes in Association (Article I, Section 4)

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