Oaks at Sears Farm Homeowners Association Inc

Key facts from Oaks at Sears Farm Homeowners Association Inc's documents

Community type

single-family detached residential community (Definition of 'Dwelling' - Article I)

Legal name

Oaks at Sears Farm Homeowners Association, Inc. (Definition of 'Association' - Article I)

Developer / declarant

Pulte Home Corporation, a Michigan corporation (Preamble)

Governing law

North Carolina Planned Community Act (G.S. 47F) (Definition of 'Act' - Article I)

Assessments & dues

$780.00 per year ($65.00 per month) until December 31 of the year of first Lot conveyance to non-Declarant (Article IV, Section 3)

Special assessments

After Declarant's Development Period: requires 2/3 vote of each class represented at meeting; before expiration: if exceeds 5% of budgeted Common Expenses, requires 2/3 vote; 5% or less may be levied by Board alone (Article IV, Section 7)

Collections & liens

Unpaid assessments for 30+ days become lien on Lot; may be foreclosed; first mortgage holder not liable for prior assessments (Article IV, Section 4)

Reserves & fees

Late charges and interest apply to unpaid assessments (Article IV, Section 4)

Pets

Dogs, cats, and usual household pets permitted; no commercial breeding; no livestock/poultry (Article VI, Section 9)

Leasing & rentals

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

Parking & vehicles

Only private passenger vehicles may park overnight without Board consent; no commercial vehicles, trucks, RVs, campers, trailers, aircraft, motorcycles outside garage (Article VI, Section 5(a))

Fences

No fence or fencing barrier without prior written ARC consent; 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 ARC approval, except Declarant-installed improvements (Article VI, Section 3)

Solar & roof

Solar energy collector panels or other energy conservation equipment must be integral and harmonious part of architectural design, as determined by ARC (Article VI, Section 24)

Home business

Permitted if: operated by Owner/household member/tenant; no displays/signs; no significant traffic; no outside equipment; all approvals obtained; consistent with residential nature; no employees except household; prior written Board approva (Article VI, Section 2)

Signs & flags

No signs except: one for-sale/rent sign (max 6 sq ft, inside window); Declarant signs; subdivision identification signs; Common Area signs; government-required signs (Article VI, Section 4)

Maintenance

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

Insurance

Association obtains fire and extended coverage insurance on all insurable improvements owned by Association, including vandalism and malicious mischief, at full replacement cost (Article VII, Section 1)

Use restrictions

All Lots shall be used for residential purposes exclusively, with limited exceptions for home businesses and Declarant sales offices (Article VI, Section 2)

Voting & meetings

Class A: one vote per Lot owned (collectively for multiple owners); Class B: Declarant has three votes per Lot owned (Article III, Section 1)

Amendments

Amendment provisions in Article XI, Section 4 (details not fully extracted) (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.