Wexford Reserve Homeowners Association Inc

Key facts from Wexford Reserve Homeowners Association Inc's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Wexford Reserve Homeowners Association Inc

Developer / declarant

Waterstone Partners, LLC (Recitals paragraph A)

Governing law

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

Assessments & dues

$960.00 per Class A Lot until December 31, 2019, thereafter as set by budget but not less than $960.00 (Article V, Section 3(a))

Collections & liens

Unpaid assessments become a lien on the Lot as provided in §47F-3-116 of the Act (Article V, Section 7)

Voting & meetings

Three classes: Class A (Owner of non-Declarant/Builder lot) 1 vote per lot; Class B (Declarant) 20 votes per lot during Declarant Control Period, thereafter 1 vote per lot; Class C (Builder) 1 vote per lot. Vacant/leased lots' votes capped (Article III, Sections 2 and 4)

Amendments

By instrument signed by Owners of not less than 67% of Lots; during Declarant Control Period also by Declarant; Declarant may amend without consent if not adversely affecting title or voting rights. (Article IX, Section 2)

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