Rainbow Falls Reserve Robo

Key facts from Rainbow Falls Reserve Robo's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Rainbow Falls Reserve Subdivision (Title and WHEREAS)

Legal name

Rainbow Falls Reserve

Units / lots

10 (Lots 1,2,4,5,6,7,8,9,10,11) (WHEREAS paragraph listing lots)

Developer / declarant

ROBO INVESTMENTS, LLC (WHEREAS paragraph)

Assessments & dues

$1,200.00 per lot per year initially (General Provisions 2)

Collections & liens

Equitable lien and continuing lien; may be foreclosed under NC law; includes court costs and attorney fees (General Provisions 2)

Reserves & fees

Simple interest at 9% per annum on delinquent amounts (General Provisions 2)

Pets

Dogs, cats, common household pets allowed; no commercial keeping; must be on leash; no dog lines; animals must be confined by approved fencing (Section 20)

Leasing & rentals

Allowed via VRBO or similar online vacation rental sites; lot owner liable for guest conduct; must provide proof of liability insurance (Section 14)

Parking & vehicles

Not allowed except emergencies; guests may park on shoulder temporarily (Section 11)

Fences

Fences require prior written approval of Developer or Architectural Committee (Section 21)

Architectural approval

All buildings, landscape plans, fences, exterior changes require written approval (Sections 7, 12, 21, Architectural Commit)

Home business

Commercial/business prohibited except Developer; home professionals allowed with written permission; no retail (Section 14)

Signs & flags

One sign identifying property owner, max 4 sq ft, no logo without approval; Developer may erect entrance signs (Section 15)

Setbacks / home size

Street setback: 20 ft from right-of-way; side and rear setbacks: 20 ft minimum (Sections 16, 17)

Use restrictions

Yes, except guest accommodations; no rental of guest accommodation separate from primary residence (Section 3)

Amendments

Term: 40 years, then auto renew for 1-year periods unless 75% of lot owners record termination; Declarant may amend prior to 75% lot sales; Property may be increased by supplement signed by Developer, owner, mortgagee (General Provisions 1, 4, 7)

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