Bingham Trace

What Bingham Trace's governing documents say

Bingham Trace is a single-family home HOA in Alamance and Orange Counties, NC, governed by this amended declaration. It applies to homeowners, who automatically become members of the homeowners association and must pay assessments. The document sets out rules on property use, maintenance, architectural control, and leasing.

• What you own & maintain: You own your lot and home; the association maintains common areas (if any) and storm water measures, but the declaration notes no amenities like pools or clubhouses are planned. Owners are responsible for exterior maintenance of their own homes, subject to architectural review.
• Assessments & fees: Annual assessments start at a maximum of $300 per lot in the first year, can rise up to 20% per year without owner vote, and higher increases need a 2/3 vote. First-time buyers pay a working capital fee equal to 2/12 of the current annual assessment. Late payments accrue interest up to 18% annually and a late fee up to $20/month or 10% of the unpaid amount.
• Leasing & rentals: All leases must be in writing and have a term of at least one year. Lease agreements must state they are subject to the HOA rules, and tenant violations count as lease defaults.
• Architectural review: Any exterior change—including paint colors, landscaping, fences, or decorations—requires written approval from the architectural committee or board, except native plantings and temporary seasonal decorations. The committee has 30 days to respond.
• Pets & vehicles: The declaration restricts animals and motor vehicles (details are in the full document, but the excerpt confirms these restrictions exist).
• Use restrictions: Lots are for single-family residential use only. Mobile homes, manufactured homes, and subdividing lots are prohibited. Fences, pools, basketball goals, and signs are subject to specific rules.
• What this document doesn't cover: This is an excerpt from the full declaration; it does not include the complete text of all restrictions (e.g., detailed pet and vehicle rules), nor does it cover the association's bylaws or rules and regulations.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.