Sugarland Run Homeowners Association Inc

Key facts from Sugarland Run Homeowners Association Inc's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Sugarland Run Homeowner's Association, a North Carolina non-profit corporation (Article I(B))

Developer / declarant

Cedar Creek Partnership (Company/Developer); JVI Residential Construction, Inc.; Bond Building Ltd.; Timberline Builders, Inc.; BuiltRight Construction, Inc.; Steven C. Adams d/b/a Steven C. Adams and Associates (Contractors) (Preamble)

Assessments & dues

Maximum Regular Annual Assessment set forth on Schedule 1 (not included in text); automatically increases 10% annually from December 31, 1998 unless Board specifies lesser amount (Article V Section 3 and Section 3(D))

Special assessments

May be levied for construction/reconstruction/improvement of Common Properties, additions, facilities/equipment for services, loan repayment; requires 2/3 Member consent and Company consent if it owns property (Article V Section 4)

Collections & liens

Annual and Special Assessments, late charge, interest, and collection costs including attorney's fee are a continuing lien on the property and personal obligation of Owner; if not paid within 30 days after due date, Association may file sui (Article V Section 1 and Section 7)

Reserves & fees

Association shall establish reserve funds from Annual Assessments for major rehabilitation/repairs, emergency repairs, initial costs of new services (Article V Section 5)

Parking & vehicles

Each lot owner shall provide off-street parking for minimum of two (2) automobiles prior to occupancy; lot owners' vehicles shall not be habitually parked on street (Article VII Section 2(B) and 2(C))

Architectural approval

No building, fence, or other improvement shall be constructed, erected, placed, or altered until building plans and specifications (including architectural style, construction techniques, exterior materials, colors, finishes, roofing materi (Article VII Section 2(A))

Signs & flags

No sign except single "For Sale" or "Sold" sign and sales office signs, unless approved in writing by architectural committee (Article VII Section 2(C))

Maintenance

Each lot owner responsible to prevent/correct unclean or unsightly conditions; keep lots clean and free of garbage, junk, debris, trash; mow lawn as needed; maintain landscaping; proper drainage; maintain home and structures (Article VII Section 2(C))

Use restrictions

Properties intended for use as Single Family Detached Dwelling, Townhome, or Patio Home (or Zero lot line) (Article I(G), Article I(T))

Voting & meetings

Two classes: Class A (all Owners other than Company) - one vote per Family Dwelling Unit or Residential Lot owned; Class B (Company) - seven votes per Family Dwelling Unit or Residential Lot in which it holds fee interest; Class B converts (Article III Section 2)

Amendments

Covenants run with land for 30 years from recording, automatically extended for successive 10-year periods unless revoked/modified by 2/3 of then owners; may be amended by written agreement of 2/3 of all owners and Company/Developer if they (Article VIII Section 1)

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