Carpenter Square Homeowners Association Inc

Key facts from Carpenter Square Homeowners Association Inc's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Planned Community under NC Planned Community Act) (Statement of Declaration (page 479))

Developer / declarant

Pulte Home Company, LLC, a Michigan limited liability company (Declaration (page 479))

Governing law

North Carolina Planned Community Act, N.C.G.S. Chapter 47F (Statement of Declaration (page 479))

Assessments & dues

Set by Board; during Declarant Control Period no maximum; after control period, Maximum Annual Assessment increase is 10% or CPI (greater) annually; may be increased further by majority vote of Owners plus Declarant consent during control p (Section 5.3 (pages 491-493))

Special assessments

Allowed for capital improvements or reconstruction; during Declarant Control Period only Declarant approval needed; after, must be approved by 67% of votes appurtenant to Lots (Section 5.4 (page 493))

Collections & liens

Each Assessment plus interest, costs, attorneys' fees is a continuing lien on the Lot and personal obligation of Owner; Association may file lien and foreclose under NC law, including power of sale (Section 5.1 (page 491), Section 5.7 (pag)

Reserves & fees

Association may establish and maintain reserve fund(s) for periodic maintenance, repair, replacement of Common Elements and/or Roadways, funded from assessments (Section 3.4 (page 486))

Pets

Section 11.17 - Animals (text not provided, but referenced) (Section 11.17 (page 477))

Leasing & rentals

Section 11.20 - Leases and Renting (text not provided) (Section 11.20 (page 477))

Fences

Section 11.6 - Fences and Walls (text not provided) (Section 11.6 (page 477))

Architectural approval

Yes, Architectural and Landscaping Control (Article IX). Reviewer designated: during Declarant Control Period, Declarant; after, Association or its designee. (Article IX, Sections 9.1, 9.2 (pages 476)

Signs & flags

Section 11.18 - Signs and Flags (text not provided); front page states document regulates display of political signs and US/NC flags (Front page (page 474), Section 11.18 (pa)

Maintenance

Association maintains exterior surfaces of Townhomes; roof is part of exterior (Section 5.2 (page 492) mentions maintena)

Insurance

Commercially reasonable deductible not to exceed $10,000; other deductibles as Board determines; allocated between Association and Owner(s) by Board (Section 7.1(a) (page 498), Section 7.2 ()

Use restrictions

Residential use only (Section 11.1) (Table of Contents (page 477), Section 11)

Voting & meetings

Class A (owners): one vote per Lot owned; Class B (Declarant): one vote per Lot owned + four votes per each Lot owned by Class A member until termination of Class B membership (Section 4.2 (pages 486-487))

Amendments

Article XII: Amendment generally requires vote of Owners as provided in Act; Declarant may amend without Owner approval in certain circumstances (Section 12.2); changes to plans for Project (Section 12.3). See also Section 14.6 (amendments (Article XII (page 478), Sections 12.1-12)

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