Curry Place, Inc.

Key facts from Curry Place, Inc.'s documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family detached and attached residential community (Recitals A)

Units / lots

Initially 81 lots, may be increased (Section 8.03 Class B (total of 81 Lots))

Developer / declarant

Curry Place, Inc., a North Carolina corporation (Opening)

Governing law

North Carolina (Recitals D)

Assessments & dues

Initially $840.00 per Lot (Section 9.05)

Special assessments

Allowed; for capital improvements; if >5% of budgeted gross expenses, requires majority vote of each class (if two-class) or majority total Voting Power (Section 9.06)

Collections & liens

Association may record notice of assessment lien; lien prior to all other liens recorded after; may foreclose under NC law (Section 9.01)

Reserves & fees

Yes; Board shall adopt budget to provide reserves; funds held for particular purpose; excess may be allocated to other reserves without member vote (Section 9.04)

Pets

Yes; dogs, cats, other household pets (Section 7.08(A))

Leasing & rentals

Yes, with restrictions (Section 4.03)

Parking & vehicles

Prohibited (Section 7.03 (No vehicles shall be parke)

Architectural approval

Yes, for construction, alteration, fences, etc. Approved by Declarant, its successors or assigns (Section 7.17)

Home business

Prohibited, except as provided in Section 7.20 (Declarant's rights) (Section 7.01)

Signs & flags

One professionally manufactured sign of not more than 5 sq ft for sale or rent; no other signs visible from outside; Declarant exempt (Section 7.04)

Setbacks / home size

Per recorded map and zoning; corner lots: front lot line is street with significantly shorter frontage; no encroachment on easements (Section 7.12)

Maintenance

Association repairs/replaces roof shingles only; other roof parts are Owner responsibility (Section 6.02)

Insurance

Association maintains fire and extended coverage on Common Area buildings and personal property; also public liability insurance of at least $1,000,000 per occurrence (Section 10.01(b), (c))

Use restrictions

Yes; each Lot used solely for single-family residence (Section 7.01)

Voting & meetings

Two classes: Class A (one vote per Lot, except Declarant and Builder) and Class B (Declarant, three votes per Lot owned until conversion) (Section 8.03)

Amendments

Not explicitly in provided excerpts; but Section 7.20 requires 75% of Class A Members and Declarant consent for certain amendments; Section 15.08 referenced for voting rights (Section 7.20 and 8.04)

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