Wendell Falls Community Association

Key facts from Wendell Falls Community Association's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential Planned Community under North Carolina Planned Community Act (Section 1.1)

Developer / declarant

NASH Wendell Falls, LLC, a Delaware limited liability company (Opening paragraph and Section 2.1)

Governing law

North Carolina Planned Community Act, N.C.G.S. § 47F-1-101 et seq. (Section 1.1)

Reserves & fees

Reasonable reserves for capital repairs and replacements included in Common Expenses and Service Area Expenses (Section 2.1 definitions of 'Common Expen)

Leasing & rentals

Yes, but restricted. Generally permitted only via hardship exemption, builder model exemption, institutional lender exemption, or under 10% cap for non-exempt units (Section 3.6(c) and (d))

Architectural approval

Yes, prior written approval required for any structure, improvement, exterior alteration, landscaping, etc. (Section 4.1)

Signs & flags

US and North Carolina flags allowed up to 4 feet by 6 feet, displayed in accordance with federal patriotic customs (Section 3.4(c))

Voting & meetings

Class A Members (owners other than Declarant) and Class B Member (Declarant) with special voting rights during control period (Section 6.3 (referenced but partially qu)

Amendments

By Declarant during certain period (Section 19.1); by Members as set forth in Section 19.2 (Article XIX (headings))

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