Fairington Oaks

Key facts from Fairington Oaks's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned residential development with single-family detached dwellings (Recital B: 'Declarant intends to improve)

Legal name

Fairington Oaks Community Association, Inc. (Recital E and Article 1 Definitions: 'As)

Developer / declarant

Fairington Oaks, LLC, a North Carolina limited liability company (Recitals (page 1) and Article 1 Definiti)

Governing law

North Carolina Nonprofit Corporation Act (implied by formation as non-profit corporation) (Recital E: 'incorporate FAIRINGTON OAKS )

Assessments & dues

Maximum $595 per lot for first assessment year (page 21). Subsequent amounts set by Board with limit of 10% increase over prior year without vote. (Paragraph 9.05, page 21)

Special assessments

Board may levy special assessments for capital improvements; if in any fiscal year it exceeds 10% of budgeted gross expenses, requires majority vote (or class vote). Assessments on Declarant/Builder lots are one-fourth of the amount on othe (Paragraph 9.06, page 22)

Collections & liens

Unpaid assessments become a lien on the lot when notice recorded; may be foreclosed in accordance with North Carolina law. (Paragraph 9.01, pages 20-21)

Reserves & fees

Board may establish and maintain reasonable reserves for Common Area replacements and maintenance. (Paragraph 9.04, page 21)

Pets

Yes, dogs, cats, or other household pets may be kept, not for commercial purposes. (Paragraph 7.08(A), page 15)

Leasing & rentals

Yes, but only entire lot, for a minimum of six months, not for hotel/transient purposes. Must be in writing and subject to Declaration, Bylaws, Rules. (Paragraph 4.03(B), page 7)

Parking & vehicles

Prohibited unless designated parking areas on that street. (Paragraph 7.03: 'no motor vehicle shall )

Fences

Must comply with Rules and Regulations; require prior Committee approval; no fence closer to street than side street setback or rear of building façade. (Paragraph 7.07, page 15)

Architectural approval

Yes, for any building, pool, fence, wall, solar panel, antenna, satellite dish, deck, patio, statuary or any other structure or improvement on any lot. Plans and specifications must be submitted and approved in writing by the Architectural (Paragraph 14.01, page 25)

Solar & roof

Solar panels require Architectural Review Committee approval (covered by 'solar panel' in Paragraph 14.01). (Paragraph 14.01: 'NO BUILDING, POOL, FEN)

Signs & flags

No signs visible from outside except seasonal decorations and as permitted by Rules and Regulations; Declarant may erect signs to promote sales. (Paragraph 7.04, page 14)

Setbacks / home size

No building nearer to street line than building setback lines on recorded map; corner lot frontage on shorter street; minimum 3 feet side, 10 feet rear lot line. Also must comply with zoning. (Paragraph 7.11, page 15-16)

Maintenance

Association maintains Common Area (including recreational facilities, landscaping, signage, entry features, sidewalks, paths, lakes, ponds, etc.). Owner maintains lot and all improvements on it, including utility facilities, drainage, and s (Articles 6 and 11, pages 10-12, 24)

Use restrictions

Each lot shall be used solely for single-family residential occupancy; no business, commercial, manufacturing use except as permitted by Declaration. (Paragraph 7.01, page 13)

Voting & meetings

Two classes: Class A (owners, one vote per lot) and Class B (Declarant and Builder, three votes per lot). See Article 8.03 for details. (Article 8.03 Voting, pages 18-19)

Amenities

Potential swimming pool, clubhouse, gazebo, playground, associated parking, sidewalks, bike paths, common open space, jogging/walking trails. (Not guaranteed; described as 'if any' and at Declarant's discretion.) (Article 1 Definitions: 'Recreational Com)

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