Southerlyn Homeowners Association Inc

Key facts from Southerlyn Homeowners Association Inc's documents

Community type

Covenant / Planned Community

Legal name

Southerlyn Homeowners Association Inc

Developer / declarant

D.R. Horton, Inc.

Governing law

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

Assessments & dues

Board prepares and approves a budget of estimated Common Expenses at least 60 days before each fiscal year; Base Assessments levied equally against all Lots (Section 9.3)

Special assessments

May be levied to cover unbudgeted expenses or expenses in excess of those budgeted; requires affirmative vote or written consent of majority of Board and consent of Declarant during Declarant Control Period (Section 9.4)

Collections & liens

Unpaid assessments for 30+ days secured by lien on Lot when Association files claim of lien in Wake County land records; lien superior to all other liens except pre-recorded liens and real estate taxes; Association may foreclose like a mort (Sections 9.2, 9.9)

Reserves & fees

Budget shall include contributions to a reserve fund for repair and replacement of capital assets, based on a separate reserve budget considering number/nature of replaceable assets, expected life, and expected repair/replacement cost (Section 9.3)

Pets

Not explicitly stated in this document; pet enclosures must be screened from view (Section 4.3.11) (Section 4.3.11)

Leasing & rentals

No rule shall prohibit leasing or transfer of any Lot or require consent of Association or Board for leasing or transfer; however, Association may require a minimum lease term of 6 months and otherwise regulate leasing (Section 4.5.3)

Parking & vehicles

Only licensed and operative vehicles classified as passenger cars, station wagons, passenger pick-up trucks or passenger vans may be regularly parked in driveways; no vehicle may park regularly on any roadway; recreational vehicles must be (Section 4.3.7)

Fences

Fences are included in structures requiring approval under Article V (Section 5.1)

Architectural approval

No structure or thing (including fences) shall be placed, erected, or installed upon any Lot and no improvements or other work (including staking, clearing, excavation, grading, exterior alterations, planting/removal of landscaping) shall t (Section 5.1)

Home business

Home business use ancillary to primary residential use is permitted, subject to Rules and Regulations and applicable laws (Section 4.1)

Signs & flags

No signs of any kind displayed to public view on any Lot, right of way or Common Area; exceptions for Declarant/builder marketing/construction signs and professionally prepared sale/rent signs no larger than 18" x 24"; political signs subje (Section 4.3.3)

Maintenance

Association maintains roads/streets/entranceways/cul-de-sacs not accepted for public maintenance, landscaped rights-of-way, entry features, Common Areas, landscaping in '20' Semi-Opaque Landscape Strip Private HOA Easement' areas, ponds/str (Sections 6.2, 6.3)

Insurance

Policies may provide for reasonable deductible; deductible treated as Common Expense unless Board determines loss resulted from negligence/willful misconduct of Owner(s), then may assess full deductible as Specific Assessment (Section 7.4)

Use restrictions

Lots and Common Area shall be used for residential and related purposes only, subject to Governing Documents; Declarant/builders may maintain business offices, information centers, model homes, sales offices (Section 4.1)

Voting & meetings

Class A Members (all Owners except Declarant): one vote per Lot, no more than one vote per Lot regardless of number of Owners. Class B Member (Declarant): one vote for each Lot it owns plus one vote for each Lot owned by others. (Section 3.3)

Amendments

Not explicitly detailed in this document for Declaration amendments; Rules and Regulations may be amended by Declarant during Declarant Control Period (Section 4.4.1), by Board with notice and hearing (Section 4.4.2), or by Members represen (Section 4.4)

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