Ashfield Place

Key facts from Ashfield Place's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners association (HOA) – Ashfield Place Homeowners Association, Inc. (Preamble (name of Association))

Legal name

Ashfield Place Homeowners Association, Inc.

Units / lots

At least 57 lots in Phase 1 (Lots 74-78, 171-190, 63-73, 191-211) as shown on Exhibit A, with additional lots possible via annexation (Exhibit A and Article II, Section 2)

Governing law

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

Assessments & dues

Maximum Annual Assessment for Class A Lots is $600 until December 31, 2003 (Article V, Section 3)

Special assessments

May be levied for capital improvements, debt, or any purpose with same two-thirds approval as max increase (Article V, Section 5)

Collections & liens

Unpaid assessments are a continuing lien on the lot and also a personal obligation of the owner when due. Association may foreclose. Lien subordinate to first mortgages. Monetary fines also become a lien. (Article V, Sections 1, 7, 8)

Reserves & fees

Separate Stormwater Facility Reconstruction and Repair Fund must be maintained, with amount adequate for three-year probable cost, kept in FDIC-insured account, not commingled (Article XII, Section 2)

Voting & meetings

Two classes: Class A (1 vote per lot); Class B (Declarant, 3 votes per lot until end of Declarant Control Period, then 1 vote per lot). Fractional voting not allowed; no more than one vote per lot. Rental unit votes limited to 49% weight on (Article III, Sections 2 and 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.