The Reserve at Prestwick

Key facts from The Reserve at Prestwick's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Subdivision with mandatory homeowners association (Protective Covenants (Reserve) §24)

Units / lots

Reserve: 63 lots (Lots 1-63). Paddington: at least 16 lots (Lots 1-5, 6-9, 10-13, 92-94) in Phase 1 Section 1 (Protective Covenants (Reserve) preamble;)

Governing law

North Carolina Planned Community Act, Chapter 47F (Protective Covenants (Reserve) §24)

Assessments & dues

Initial homeowner dues shall not exceed $150.00 for the 2008 calendar year (Reserve) (Protective Covenants (Reserve) §24)

Collections & liens

If annual fee not paid when due, becomes a lien against the lot and enforced in accordance with Chapter 47F of the North Carolina Planned Community Act (Reserve) (Protective Covenants (Reserve) §24)

Use restrictions

All lots shall be used for residential purposes only (both documents) (Paddington Restrictive Covenants §1; Pro)

Voting & meetings

Each lot owner entitled to one vote per lot owned at annual meeting (Reserve). For amendments: Reserve requires 65% of lots after declarant control; Paddington requires 80% during first 25 years, then 75% (Protective Covenants (Reserve) §21, §24;)

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