Waterview Landing

Key facts from Waterview Landing's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Waterview Landing

Developer / declarant

Golden Properties and Development, Inc. (Preamble and Article I Section 1(j))

Governing law

North Carolina Planned Community Act, G.S. 47F (Article I Section 1(a) – definition of ")

Assessments & dues

For 2023: $25 per Lot, $250 per Living Unit. Subsequent years: up to 110% of previous fiscal year's assessment per Lot/Unit. (Article II Section 3: "for calendar year)

Special assessments

For capital improvements: requires 2/3 vote of each class, or Board may levy up to $500 per Lot/Unit unless 90% of each class vote to reject, max once every 5 years from date of deed to Association or County. (Article II Section 9)

Collections & liens

Assessments unpaid for 30 days become a lien on the Lot; lien may be foreclosed. Personal obligation of owner at time due persists, but subsequent owner not personally liable unless assumed; lien continues until paid. (Article II Section 4)

Reserves & fees

Allowed; amount not specified. (Article II Section 1(7): "late payment c)

Voting & meetings

Two classes: Class A (non-declarant owners) one vote per Lot; Class B (Declarant) five votes per Lot based on maximum density. Class B ceases when Class A votes exceed Class B or 10 years from first Lot conveyance. (Article VI Sections 1 and 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.