Versant H&H Choice

Key facts from Versant H&H Choice's documents

Community type

HOA (Versant Community Association, Inc.) (Introduction, Section 1.2)

Developer / declarant

Versant Properties, LLC (Introduction)

Governing law

North Carolina Planned Community Act, Chapter 47F of the General Statutes of North Carolina (Introduction)

Assessments & dues

Budgeting and allocating Association expenses (Chapter 12). (Section 12.2)

Special assessments

Addressed in Section 12.3. (Section 12.3)

Collections & liens

Creation of lien and personal obligation (Section 12.6); Liens (Section 12.7). (Sections 12.6, 12.7)

Reserves & fees

Association shall establish and maintain an adequate reserve fund for periodic maintenance, repair, and replacement of Common Areas. (Section 3.9)

Pets

Only usual and common household pets. No livestock, poultry. Association may adopt rules on number and restrict dangerous breeds. (Section 4.6)

Leasing & rentals

Leasing Dwelling Unit for residential purposes is not considered a business; must lease entire unit, lessee bound by Declaration. (Section 4.2)

Home business

Limited home businesses allowed if not heard, seen, or smelled beyond Lot boundary, conform to zoning, no regular client visits. (Section 4.2)

Use restrictions

Each Lot used exclusively for single-family, non-transient residential purposes. (Section 4.1)

Voting & meetings

Owner of each Lot or Dwelling Unit has one equal vote; Declarant has 25 votes per Lot owned during Declarant Control Period. (Sections 3.3, 3.4)

Amendments

Amendment procedure in Chapter 17.2. (Section 17.2)

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