Estates at Yates Pond Homeowners Association Inc

Key facts from Estates at Yates Pond Homeowners Association Inc's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Estates at Yates Pond Homeowners Association, Inc. (Preamble)

Developer / declarant

Pulte Home Company, LLC (Preamble)

Governing law

North Carolina Planned Community Act, Chapter 47F of the North Carolina General Statutes (Article I, Definitions - Act)

Assessments & dues

$870.00 per year ($435.00 per half year) until December 31 of the year of conveyance of first Lot to non-Declarant owner (Article IV, Section 3)

Special assessments

After Declarant's Development Period: requires affirmative assent of at least two-thirds of votes held by each class of Members represented in person or by proxy. Before expiration: Special Assessment exceeding 5% of budgeted Common Expense (Article IV, Section 7)

Collections & liens

Unpaid assessments for 30+ days, with late charges, interest, costs, attorney's fees, become a charge on the Lot per G.S. 47F-3-116; lien filed with clerk of superior court; may be foreclosed. First mortgage holder or purchaser at foreclosu (Article IV, Section 4)

Pets

Dogs, cats, or other usual and common household pets may be kept by Owner(s) or Occupants, subject to law and rules/regulations (Article VI, Section 9)

Leasing & rentals

Lots may be leased for residential purposes (Article VI, Section 7)

Parking & vehicles

Only automobiles, vans constructed as private passenger vehicles with permanent rear seats and side windows, passenger trucks, and other private passenger vehicles may be parked overnight without Board consent, unless in enclosed garage. No (Article VI, Section 5(a))

Fences

No fence or fencing type barrier of any kind without prior written consent of Architectural Review Committee. Declarant may erect fencing on model home lots. Association may erect fencing on Common Area. (Article VI, Section 19)

Architectural approval

No exterior construction, alteration, addition, or erection without prior written approval of Architectural Review Committee, except Declarant-installed improvements (Article VI, Section 3)

Solar & roof

No solar energy collector panels or attendant hardware or other energy conservation equipment unless integral and harmonious part of architectural design, as determined in sole discretion of Architectural Review Committee (Article VI, Section 24)

Home business

Allowed if: operated by Owner/household member/tenant residing on Lot; no displays/signs; no significant traffic or parking; no equipment stored outside; all required approvals obtained; consistent with residential nature; no employees exce (Article VI, Section 2)

Signs & flags

No signs displayed to public view except: (i) one sign per Dwelling for sale/rent, max 6 sq ft, displayed inside window; (ii) Declarant's sale/rent signs; (iii) subdivision identification signs; (iv) Common Area identification signs; (v) si (Article VI, Section 4)

Maintenance

Association maintains Common Area improvements, entry features, street lights, retaining walls in open space areas, common privacy fencing, private trails, mail kiosks, open space areas, storm water facilities. Owner maintains Lot and all s (Article V, Sections 1-2)

Insurance

Association shall obtain insurance for all insurable improvements owned by Association, with fire and extended coverage including vandalism and malicious mischief, in amount sufficient for full replacement cost; or all-risk coverage in like (Article VII, Section 1)

Use restrictions

All Lots shall be used for residential purposes exclusively, except sales offices, construction offices, model homes, and home businesses meeting conditions (Article VI, Section 2)

Voting & meetings

Class A Members (owners other than Declarant during Declarant Control Period): one vote per Lot owned; multiple owners of a Lot collectively have one vote. Class B Member (Declarant): three votes per Lot owned by Declarant and/or Affiliate; (Article III, Section 1)

Amendments

Amendment provisions in Article XI, Section 4 (Article XI, Section 4)

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