Keswick

Key facts from Keswick's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Keswick Hills Home Owners Association, INC

Governing law

North Carolina Nonprofit Corporation Act (Chapter 55A), North Carolina Planned Community Act (47F-2-117) (Article 3.A (Chapter 55A), Page 24 (47F-)

Assessments & dues

$500.00 per lot initially (Article 6.B - 'maximum annual general as)

Special assessments

May be levied by Board or members upon majority vote for excess expenses, capital improvements, extraordinary expenses, or to remedy violations. (Article 7)

Collections & liens

Unpaid assessment becomes lien after 30 days; Corporation may foreclose. Lien subordinate to first mortgage. Foreclosure of first mortgage extinguishes prior assessment liens. (Article 8, Article 6.F)

Reserves & fees

Interest at 10% or current Prime Rate (whichever higher) plus costs and reasonable attorney's fees. (Article 8 - 'interest at the rate of 10%)

Home business

Home occupation allowed if no customers, suppliers, or clients come to the lot and does not violate other restrictions. (Article 11.C - 'home occupation, which d)

Use restrictions

All lots shall be used exclusively for residential purposes, one single-family dwelling per lot. (Article 11.A, 11.B)

Voting & meetings

One vote per lot. Developer has one vote. Lots 18A&11A and 12A&1B treated as single for voting until separately sold. (Article 3.D, Article 16, Mediated Settle)

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