Cardinal Oaks Homeowners Association Inc

Key facts from Cardinal Oaks Homeowners Association Inc's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Cardinal Oaks Homeowners Association, Inc., a North Carolina nonprofit corporation (Article I, Definitions - "Association")

Developer / declarant

ELD-Cardinal Oaks, LLC, a Louisiana limited liability company (Preamble)

Governing law

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

Assessments & dues

$420.00 per Lot (Projected Maximum Annual Assessment Amount until December 31 of year of first conveyance) (Article IV, Section 3)

Special assessments

Must be approved by Members entitled to cast at least two-thirds (2/3) of votes at duly called meeting; uniform rate for all Lots (Article IV, Section 7)

Collections & liens

Unpaid assessments for 30+ days become lien on Lot per N.C. Gen. Stat. § 47F-3-116; may be foreclosed; first mortgage holder not liable for prior assessments (Article IV, Section 4)

Reserves & fees

Board may designate reserve amounts in annual budget; not required to fully fund reserves; may use reserves for current obligations (Article IV, Section 12)

Pets

Dogs, cats, or other usual and common household pets may be kept by Owners or occupants, subject to law and rules (Article VI, Section 10)

Leasing & rentals

Lots may be leased for residential purposes (Article VI, Section 9)

Parking & vehicles

Vehicles parked only in garage or driveway or designated paved areas; maximum 2 vehicles outside garage on paved area; on-street parking as determined by Executive Board (Article VI, Section 8(a))

Architectural approval

No improvements, alterations, repairs, paint color changes, excavation, grade changes, planting, landscaping, exterior decoration, or interior decoration visible from exterior without prior written approval of Reviewing Authority (Article VI, Section 1)

Home business

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

Signs & flags

No signs displayed except: (i) one sign advertising Lot for sale/rent by Owner, complying with zoning; (ii) Declarant's signs during construction/sales; (iii) subdivision identification signs; (iv) signs required by governmental authority o (Article VI, Section 7)

Setbacks / home size

Minimum 20 feet to front Lot line, 5 feet to side Lot line, 10 feet to rear Lot line; variances up to 15% may be granted (Article VI, Section 5)

Insurance

Property insurance on Common Elements at least 80% of replacement cost, covering fire and extended coverage; may include personal property (Article VII, Section 1)

Use restrictions

All Lots shall be used for single-family residential purposes exclusively, with exceptions for sales offices, model homes, and home businesses (Article VI, Section 2)

Voting & meetings

Class A: one (1) vote per Lot owned. Class B: nine (9) votes per Lot owned by Declarant and/or Affiliate and nine (9) votes per lot shown on Master Plan not a Lot (Article III, Section 1)

Amendments

Amendment provisions (referenced in Table of Contents) (Article XII, Section 3 (Table of Content)

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