Walters Meadow

Key facts from Walters Meadow's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (Reference to North Carolina Planned Comm)

Developer / declarant

Walters Meadows, LLC, a North Carolina limited liability company (Opening paragraph and Article I, Section)

Governing law

North Carolina Planned Community Act, Chapter 47F of the North Carolina General Statutes (Preamble and Article I, Section 1)

Assessments & dues

Based on Lot size: uniform rate for all 1 acre Lots and uniform rate for all 1/2 acre Lots (Article VI, Section 10)

Special assessments

Allowed with assent of majority of Members voting in person or by proxy at a meeting called for that purpose (Article VI, Section 4)

Collections & liens

Association may file lien when assessment unpaid for 30 days; foreclosure in like manner as mortgage under power of sale under Article 2A of Chapter 45 of General Statutes. (Article VI, Sections 12 and 14)

Reserves & fees

Board may create and maintain a reserve fund for periodic maintenance, repair, and replacement of Common Properties (Article VI, Section 5)

Pets

Maximum 3 dogs and cats (or combination) per Lot, plus up to 10 chickens. (Article VII, Section 12)

Parking & vehicles

Recreational vehicles, campers, golf carts, boats, trailers, jet skis, watercraft not allowed on streets or Lots unless concealed in garage or behind approved fence. (Article VII, Section 8)

Architectural approval

If Declarant fails to approve or disapprove within 30 days after submission, approval is presumed. (Article VII, Section 3 (last sentence))

Home business

Not allowed (no business or commercial purposes) (Article VII, Section 1: "shall not be us)

Signs & flags

Only 'For Rent' or 'For Sale' signs not exceeding 6 sq ft. Declarant may erect temporary directional signs in Common Areas up to 10 sq ft. (Article VII, Section 7)

Setbacks / home size

Per recorded plats; may be varied up to 10% with Declarant consent. (Article VII, Section 4)

Insurance

Association may insure Common Areas against fire and other hazards, and liability insurance. (Article V, Section 6(i))

Voting & meetings

Each Member (Lot Owner) entitled to one vote per Lot during Period of Declarant Control; Declarant gets one vote per Lot owned by Declarant plus one vote per Lot owned by others. After Period of Declarant Control, each Member one vote per L (Article V, Section 3)

Amendments

By vote of at least 67% of Lot Owners; Declarant has unilateral right to amend while owning real property subject to Declaration. (Article IX, Section 3)

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