Sage Meadows

Key facts from Sage Meadows's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (References to 'North Carolina Planned Co)

Developer / declarant

Ramey Properties, L.L.C., a North Carolina limited liability company (Preamble)

Governing law

North Carolina Planned Community Act (Chapter 47F of the General Statutes of North Carolina) (Article I, Section 12; Preamble)

Special assessments

May be levied for capital improvements on Common Elements with assent of two-thirds vote of each class (and Declarant consent during Declarant's Development Period). Uniform rate per Lot. (Article IV, Section 4)

Reserves & fees

Association shall establish and maintain an adequate reserve fund for periodic maintenance, repair, and replacement of Common Element improvements. (Article IV, Section 2(b))

Pets

Dogs, cats, or other household pets may be kept, but not for commercial purposes. Must comply with all applicable laws and Association rules. (Article VII, Section 4)

Parking & vehicles

Guests may park on public streets only for brief periods on an irregular, infrequent basis, provided no violation of municipal ordinance. (Article VII, Section 3)

Signs & flags

One 'For Sale' sign per Lot permitted. Other temporary signs (e.g., yard sale) max 72 consecutive hours. No sign deemed a nuisance or detriment is allowed. Declarant may erect signs during Development Period. (Article VII, Section 7)

Voting & meetings

Class A: one vote per Lot (if multiple owners, collectively one vote). Class B (Declarant): three votes per Lot not yet conveyed to a Class A Member. Class B membership terminates when Class A votes equal or exceed Class B, or 15 years from (Article III, Sections 1 and 2)

Amendments

Requires consent of Owners entitled to cast at least 80% of votes. During Declarant's Development Period, Declarant's consent required. Declarant may unilaterally amend to restrict its own rights or for lender requirements. Must be recorded (Article X, Section 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.