Grandin Trace Homeowners Association Inc

Key facts from Grandin Trace Homeowners Association Inc's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned community with residential, recreational and related uses (Section 2.1)

Legal name

Grandin Trace Homeowners Association Inc

Developer / declarant

Taylor Morrison of Carolinas, Inc., a North Carolina corporation (Preamble)

Governing law

North Carolina Planned Community Act, Chapter 47F of the North Carolina General Statutes (Section 1.1)

Assessments & dues

Board prepares annual budget and determines Common Assessments based on Common Expenses; Special Assessments for unbudgeted expenses, capital improvements, or repair/replacement of Common Areas. (Sections 10.5, 10.6, 10.7)

Special assessments

Allowed for unbudgeted expenses, expenses exceeding budget, repair/replacement/reconstruction of Improvements on Common Areas or Association Property, or capital improvements on Common Areas/Association Property. (Section 1.4.3)

Collections & liens

Association has lien rights pursuant to N.C. Gen. Stat. §44A for unpaid assessments and for Lot Landscaping/Maintenance obligations; may file claims of lien. (Sections 7.5.2, 10.16)

Reserves & fees

Separate account for Major Reconstruction Fund for Stormwater Facilities required (Section 9.7); general reserve fund not otherwise specified. (Section 9.7)

Pets

Pets, livestock and poultry regulated (Section 11.7 referenced in table of contents) (Table of Contents, Section 11.7)

Leasing & rentals

Leasing of Units addressed (Article 15) (Article 15)

Parking & vehicles

Vehicular parking on Common Areas designated for general parking by Board; off-street motor vehicles regulated (Section 11.18 referenced in table of contents) (Section 5.7(3), Table of Contents Sectio)

Fences

Fences and walls regulated (Section 11.16 referenced in table of contents) (Table of Contents, Section 11.16)

Architectural approval

Architectural Review Board (ARB) created to review proposed construction (Article 13) (Section 1.2, Article 13)

Solar & roof

Exterior repainting/restaining must use same colors and materials as initially used or as approved by Declarant or ARB (Section 7.6)

Signs & flags

Signs regulated (Section 11.6 referenced in table of contents); document regulates or prohibits display of political signs (Cover page, Table of Contents, Section 1)

Maintenance

Owner responsibility unless expressly delegated to Association (Section 7.1.2)

Insurance

Association required to maintain insurance (Article 8) (Article 8)

Use restrictions

Units intended for use as single residential dwelling units (Section 1.50, Section 15.1)

Voting & meetings

Class A Members (all Owners except Declarant while Class B): one vote per Lot owned. Class B Member (Declarant): ten votes per Lot owned. Class B converts to Class A upon expiration of Declarant Control Period. (Sections 4.2.1, 4.2.2)

Amendments

Declarant may amend unilaterally in certain circumstances; Association may amend per Article 17; Article 2 cannot be amended without Declarant consent while Declarant owns property (Sections 2.5, 2.7, Article 17)

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