Wakefield Meadows Phase V Homeowners Association Inc

Key facts from Wakefield Meadows Phase V Homeowners Association Inc's documents

Community type

Covenant / Planned Community

Legal name

Wakefield Meadows Phase V Homeowners Association, Inc.

Developer / declarant

Olde Heritage Builders & Realty, Inc.

Assessments & dues

Maximum $350 per lot until January 1 following first lot sale (Article V, Section 4)

Special assessments

Permitted for capital improvements with 2/3 vote of each class (Article V, Section 5)

Collections & liens

Assessment is a continuing lien; may foreclose like deed of trust under NC Gen. Stat. Ch. 45 (Article V, Sections 1 and 9)

Reserves & fees

Adequate reserve fund for periodic maintenance, repair, replacement of common area improvements, established out of regular assessments (Article V, Section 3)

Pets

Yes, limited to two household cats or two dogs or one of each (max 2 total); no Pit Bulls or Rottweilers; no vicious animals (Article VII, Section 6)

Parking & vehicles

Off-street parking must be provided; street parking prohibited; no parking on common open space; no RV/boat/trailer parking in front or beside house; inoperable vehicles prohibited (Article III, Section 4; Article VII, Sec)

Fences

Require ARC approval for location, material, height; acceptable: black chain link, wrought iron, black aluminum; cannot be closer to street than rear corner of residence (Article VII, Section 2(G) and (O))

Architectural approval

Yes, for buildings, signs, fences, hedges, walls, walks, mailboxes, dog houses, landscaping ornaments, etc. (Article VI, Section 1(C))

Home business

Permitted if professional nature as defined by Board and does not create abnormal traffic (Article VII, Section 2)

Setbacks / home size

2400 sq ft enclosed heated area, exclusive of porches, breezeways, steps, garages (Article VI, Section 4)

Use restrictions

Lots used only for single-family residential purposes, except temporary sales office (Article VII, Section 2)

Voting & meetings

Class A: one vote per lot. Class B: Declarant four votes per lot. Class B converts to Class A when A votes equal B, or Dec 31, 2012, or surrender. (Article IV, Section 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.