Grandview Peaks

Key facts from Grandview Peaks's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential Subdivision (single-family detached homes with possible secondary guest cottages) (Section 1)

Developer / declarant

Fall Creek Land Company, Inc. (Opening paragraph)

Assessments & dues

Set annually by Board of Directors; amount not specified in document (Section 16(d))

Special assessments

Allowed; levied by Association in any assessment year applicable to that year only (Section 16(d)(ii))

Collections & liens

Yes; assessment creates a lien on the lot; Association may foreclose lien; personal obligation also exists; costs and attorneys fees added (Section 16(c) and 16(e))

Reserves & fees

Board shall consider reserves for future needs when setting assessments (Section 16(d))

Pets

Yes: dogs, cats, or other household pets may be kept (Section 6)

Leasing & rentals

Unclear; commercial use is prohibited, which may preclude rental. Guest cottage cannot be used as permanent residence but rental is not explicitly addressed. Likely prohibited for short-term. (Section 1 (no commercial use; guest cott)

Parking & vehicles

Campers and recreational vehicles allowed for temporary camping only; must be completely screened from public view; cannot be connected to permanent utility connections (Section 10)

Signs & flags

One permanent sign (max 1x2 ft) for house identification; temporary signs (max 2x3 ft) for developer/contractors only; no "for sale" signs except developer's initial sales (Section 8)

Setbacks / home size

Front: 45 ft from center of road; Rear: 20 ft; Side: 15 ft. (Declarant may grant variances for reasonable hardship) (Section 5)

Maintenance

Association responsible for common area maintenance (private roads, lake, common areas). Owners responsible for their individual lots and lake edge (if lake lot). (Sections 12(d), 11(d))

Use restrictions

Yes; any commercial use strictly prohibited (Section 1)

Voting & meetings

Each lot owner (other than Declarant) has one vote per lot. Declarant has one vote per lot owned, but may withdraw membership upon sale of 75% of lots. (Section 12(b))

Amendments

Declarant may cancel, modify, or change restrictions by written consent recorded in McDowell County. After 30 years, majority of lot owners may change restrictions (then automatic 5-year extensions unless changed). (Sections 19 and 20)

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