Falls at Tar

Key facts from Falls at Tar's documents

Community type

commercial (Whereas: 'commercial development known a)

Legal name

Falls at Tar Property Owners Association, Inc.

Developer / declarant

Falls at the Tar, LLC, a North Carolina limited liability company (Opening paragraph)

Governing law

North Carolina General Statutes Article 2A of Chapter 45 (Article 4 Section 7: 'foreclosed under p)

Assessments & dues

Board establishes annual budget at least 30 days in advance, then meeting of owners to consider ratification; if rejected, prior budget continues (Article 4 Section 4)

Reserves & fees

Association shall establish and maintain an adequate reserve fund for periodic maintenance, repair and replacement of improvements to the Common Property (Article 4 Section 3)

Architectural approval

30 days to object, otherwise deemed approved (Article 5 Section 7)

Signs & flags

in compliance with applicable city ordinances (Article 5 Section 10)

Use restrictions

prohibited (Article 5 Section 4)

Voting & meetings

One vote per lot (Article 2 Section 2: 'Each Lot Owner sha)

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