Parkside at Mayfaire

Key facts from Parkside at Mayfaire's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

TRI-COAST PROPERTIES, LLC

Governing law

North Carolina Planned Community Act (Chapter 47F of the North Carolina General Statutes) (Preamble, Page 1)

Assessments & dues

Set by Board based on annual budget; first Annual Assessment set by Declarant prior to first conveyance (Article VIII Section 3, Page 11-12)

Special assessments

Yes, for capital improvements with assent of majority of Members of each class voting; unlimited for disposal system maintenance (Article VIII Section 4, Page 12; Article)

Collections & liens

Lien filed after 30 days unpaid; foreclosable like mortgage under power of sale; priority exception for prior recorded mortgages and tax liens; extinguished if not enforced within 3 years (Article VIII Section 11, Page 12-13)

Reserves & fees

Separate special account for extraordinary maintenance and repair of disposal system, funded annually as part of budget (Article III Section 1, Page 5; Article V)

Pets

Dogs, cats, other household pets allowed; no livestock or poultry (Article IX Section 2(f), Page 14)

Leasing & rentals

Rental contracts for residences shall not be for a term shorter than three consecutive months (Article IX Section 2(m), Page 14)

Parking & vehicles

Only standard private passenger vehicles, passenger vans, and pick-up trucks allowed; no tractor/trailer, mobile homes, etc. (Article IX Section 2(d), (e), Page 13-14)

Fences

Fences permitted with design, placement, and materials approved by Declarant, Board, or Architectural Control Committee; must not obstruct utility access (Article IX Section 1(b) and Section 2(n))

Architectural approval

Prior approval required from Parkside At Mayfaire Architectural Control Committee for any improvements or exterior modifications, except Declarant activities (Article V Section 1(a), Page 7)

Signs & flags

Prohibited without Board permission, except one sign per lot prior to initial occupancy naming Owner, builder and architect; construction signs by Declarant allowed (Article IX Section 2(i), Page 14)

Setbacks / home size

Each dwelling other than garage apartments shall have a minimum of 1800 square feet of enclosed, heated dwelling area (excluding garages, decks, etc.) (Article IX Section 1(a), Page 13)

Maintenance

Owner responsible for Lot maintenance and structures; Association responsible for Common Areas, sidewalks, and disposal system in public rights-of-way; Owner responsible for disposal system components on their Lot (Article IX Sections 3-4; Article III Sec)

Insurance

Deductibles payable by Association may be assessed as Insurance Assessment (Article VIII Section 5, Page 12)

Voting & meetings

Class A: one vote per Lot for all Owners except Declarant; Class B: Declarant has four votes per Lot owned until conversion (Article VI Section 3, Page 9-10)

Amendments

Declaration may be amended by Declarant or Board without member approval for specified reasons (correct errors, conform to law, qualify for tax-exempt, etc.); otherwise amendment procedure not specified (Article IV Section 4, Page 6-7)

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