Alma Village

Key facts from Alma Village's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Homeowners' Association) (Section 1.4, 1.7)

Legal name

Alma Village Homeowners' Association, Inc. (Section 1.4)

Developer / declarant

THE MATHISEN COMPANY, a North Carolina corporation (First paragraph of Declaration)

Governing law

North Carolina Planned Community Act (N.C.G.S. §47F) (Section 1.1)

Assessments & dues

Based on Anticipated Annual Assessments from ratified Budget; uniform rate for all Lots in Use (Sections 5.3.1, 5.7)

Collections & liens

Unpaid assessments become a lien on the Lot; Association may foreclose by power of sale or court action; personal obligation of owner (Sections 5.1.2, 5.9, 5.10)

Reserves & fees

Association shall maintain a reserve fund (Section 5.2)

Pets

Yes, reasonable number of domesticated household pets; no animals, livestock, or poultry raised, bred, or kept (Section 11.6)

Leasing & rentals

Yes, with restrictions: written lease, minimum term one year, not transient/hotel, subject to Declaration and ByLaws; Lot Owner must provide copies to Association (Section 11.8)

Architectural approval

Yes, Architectural Committee approval required for any improvement, repair, or rebuilding (Section 10.2, 11.4)

Insurance

Each Lot Owner must maintain property insurance on personal property; for Single Family Lots, 100% replacement cost insurance on improvements; liability insurance in reasonable amounts (Section 6.2.4)

Amendments

Amendment by instrument signed by Lot Owners of 67% of Lots; delivered to Executive Board for certification and recording (Section 12.3)

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