Live Oak

Key facts from Live Oak's documents

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

Community type

Covenant / Planned Community

Units / lots

18 (Lots 1 through 18 are specifically mentioned for built-upon area, but may be more later) (Article VIII Section 4(F): 'Lot Numbers )

Developer / declarant

Live Oak Developers, Inc. (First paragraph of Declaration)

Governing law

North Carolina Planned Community Act (Chapter 47F of the North Carolina General Statutes) (Preamble paragraph after WHEREAS)

Assessments & dues

Initial: $250.00 per year (Article V Section 3: 'The initial annual)

Special assessments

Allowed for capital improvements (approved by majority of Members including Declarant) and for third-party service contracts (e.g., cable/internet). Notice 10-60 days in advance. (Article V Section 4 A and B)

Reserves & fees

Allowed to be established by Association; not specific amount. (Article V Section 9: 'The Association ma)

Pets

Yes, dogs, cats, or other household pets; not for commercial purposes; must be kept leashed and personally escorted; not become a nuisance. (Article VII Section 3(F))

Leasing & rentals

Yes, but only leases for term of at least six months; must be in writing and contain provision requiring tenant to comply with Declaration and rules. Transient rentals strictly prohibited. (Article VII Section 3(K))

Parking & vehicles

Off-street parking for at least 2 passenger automobiles must be provided on each Lot prior to occupancy. Driveways and parking areas must be constructed of approved materials. (Article VII Section 2(D))

Fences

Fences permitted on any Lot subject to ARC approval of design, placement, and materials. (Article VII Section 2(C): 'Fences shall )

Architectural approval

Yes, for all dwellings, walls, tents, structures, exterior additions/changes (including painting). Plans and specs must be submitted and approved in writing by Architectural Review Committee. (Article VII Section 1)

Setbacks / home size

Lots 1-5, 18-15 and Lot 9: 1600 sq ft heated dwelling area; all other lots: 1600 sq ft minimum (heated, not including garages, porches, etc.). ARC may waive if restraints make it impossible. (Article VII Section 2(A))

Insurance

Deductibles payable by Association are Common Expense; Association may levy Insurance Assessment for deductibles. (Article V Section 5: 'any deductibles pa)

Use restrictions

Yes, except for Declarant's rights. Lots: single-family dwellings only. Declarant may develop annexed parcels as multifamily but still residential. (Article VII Section 3(A): 'No Lot or par)

Voting & meetings

Class A: one vote per Lot; Class B (Declarant): ten votes per Lot until conversion (80% lots sold or Dec 31, 2020 or voluntary surrender). Only certain classes vote on certain issues. (Article III Section 4)

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