Granary Oaks

Key facts from Granary Oaks's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Granary Oaks Homeowners Association, Inc. (Article I Section 1(f): 'Association” sh)

Developer / declarant

Tarleton Place, LLC, a North Carolina limited liability company (Page 1: 'made by TARLETON PLACE, LLC')

Governing law

North Carolina Planned Community Act, Chapter 47F of the North Carolina General Statutes (Article I Section 1(a): 'Act” shall mean)

Assessments & dues

Determined annually by the Board of Directors, taking into account estimated development and maintenance costs and future needs. (Article V Section 3: 'Annual Assessment )

Special assessments

Board may levy Special Assessments for costs not paid from Annual Assessments or funds on hand, including capital improvements. For suits against Declarant, Special Assessment must be approved by two-thirds vote of Members. At least 30 days (Article V Section 4: 'Board may levy ...)

Reserves & fees

Annual Assessments may include reserves for future periodic maintenance, repair, and replacement of Common Areas and improvements. Reserves held in trust in a separate bank account not commingled. (Article V Section 11: 'Annual Assessment)

Pets

Yes – dogs, cats, or other conventional household pets may be kept, not for commercial purposes. (Article VIII Section 6: 'dogs, cats or o)

Leasing & rentals

Yes, Lots may be leased for residential purposes. (Article VIII Section 12: 'Lots may be le)

Parking & vehicles

Commercial vehicles of any kind operated by a member of the household shall not be parked on any public right-of-way within the front or side street setback lines or anywhere on the Lot unless contained within the garage. (Article VIII Section 5: 'commercial vehi)

Fences

Prior approval by Committee required for any fence, wall, or similar improvement. (Article VIII Section 3: 'Prior to constr)

Architectural approval

Yes, no Improvements (including site preparation, building, alterations, fences, landscaping, tree cutting) shall be commenced until plans approved by the Committee (Declarant while owns Lots, thereafter Board). (Article X Section 1: 'no Improvements ..)

Signs & flags

No sign of any kind displayed to public view on any Lot unless approved by Committee, except one professional sign for Approved Builders during construction and sales period. (Article VIII Section 9: 'Unless approved)

Setbacks / home size

All buildings shall be erected within the setback lines shown on the Plat of each Lot. Declarant may revise setback lines as long as not less than applicable zoning. (Article VIII Section 2: 'All buildings s)

Use restrictions

All Lots are residential. No structure other than one detached single-family dwelling, a private garage for at least 2 cars, and other outbuildings incidental to residential use. Model homes and construction trailers allowed during developm (Article VIII Section 1: 'All Lots shall )

Voting & meetings

Two classes: Class A (all Lot Owners except Declarant) – one vote per Lot; Class B (Declarant) – 56 votes per Lot owned. After Turnover Date, Declarant becomes Class A. (Article III Section 2: 'Class A ... enti)

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