Real Estate Disclosure InformationThe following questions are included on the current NC Real Estate Property Disclosure Form. Please use this information as a guide.
To your knowledge, is the property subject to regulation by one or more owners’ association or governing documents which impose various mandatory covenants, conditions, and restrictions upon the lot, including but not limited to obligations to pay regular assessments or dues and special assessments? If your answer is yes, please provide the information requested below as to each owners’ association to which the property is subject.
Legal association name: Parkwood Association
Regular assessments (“dues”) are $250.00 per year.
The name, address and telephone number of the president of the owners’ association or association manager:
11010 Raven Ridge Road
Raleigh NC 27614
The fees charged by the association or management company in connection with the statement of unpaid assessments are as follows: $150.
As of this date, there no other dues, fees or special assessments which have been duly approved by the applicable declarations or bylaws and that are payable to the association to which the lot is subject.
|False. State the nature and amount of dues, fees, or special assessments to which the property is subject:|
As of this date there are no unsatisfied judgments against or pending lawsuits involving this association with the exception of any action filed by the association for the collection of delinquent assessments on other lots.
|False. State the nature and amount of each pending lawsuit, and the amount of each unsatisfied judgment:|
Services and amenities paid for by the above owners’ association from regular assessments (“dues”)
|Exterior Building Maintenance of Property to be Conveyed||No|
|Exterior Yard/Landscaping Maintenance of Lot to be Conveyed||No|
|Common Area Maintenance||Yes|
|Recreational Amenity Maintenance (specify amenities covered) Listed Below:||Yes|
|Amenity center and ballfield|
|Storm Water Management/Drainage/Ponds||No|
|Private Road Maintenance||No|
|Parking Area Maintenance||No|
|Gate and/or Security||No|
|Other (specify) Listed Below:|