Winstead Homeowners Assoc Inc

Key facts from Winstead Homeowners Assoc Inc's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision (HOA) (Article I, Section 3 (Building definitio)

Legal name

Winstead Homeowners Association, Inc.

Developer / declarant

Winstead Homeowners Association, Inc. (amending declaration); original declarant: New Fortis Corporation (Preamble; WHEREAS clauses)

Assessments & dues

Initial annual assessment not to exceed $120.00 per Lot through December 31, 1995 (Article VI, Section 3(a))

Special assessments

Special assessments for capital improvements require assent of 2/3 of votes of each class of Members voting in person or by proxy at a meeting called for that purpose (Article VI, Section 4)

Collections & liens

Assessments are a continuing lien on the Lot and personal obligation of owner; Association may bring action against owner and may foreclose lien if law permits; lien subordinate to first mortgages; foreclosure of first mortgage extinguishes (Article VI, Sections 1, 8, 9)

Reserves & fees

Association must establish and maintain adequate reserve fund for periodic maintenance, repair, and replacement of improvements to Common Area and/or Open Space; funded from annual assessments (Article VI, Sections 2 and 3(d))

Pets

Dogs, cats, or other household pets may be kept, subject to Association rules; not for commercial purpose (Article X, Section 5)

Parking & vehicles

Parking of all vehicles on Lots governed by Association Rules and Regulations (Article X, Section 10)

Fences

Fences only in rear or side yards; type must be specified and approved by Declarant or architectural committee; fences in buffer areas require approvals under Article VIII and written approval of City/County of Durham (Article X, Section 9; Article VII, Secti)

Architectural approval

No alteration, modification, construction, erection, or installation of additional improvements without prior review and express written approval of Board or architectural committee (Article VIII)

Solar & roof

Solar panels prohibited in certain circumstances per N.C.G.S. § 22B-20 (facade facing common/public access, roof sloping toward such areas, or area set off by line across facade); Exhibit B Solar Guidelines: panels preferred on rear roof, f (Article X, Section 18; Exhibit B)

Signs & flags

No signs displayed to public view except: owner/street number identification, one professional sign not more than 5 sq ft advertising sale/rent, builder signs during construction/sale, home security signs not more than 1 sq ft; political si (Article X, Section 7)

Setbacks / home size

All Buildings subject to applicable setback requirements imposed by City and/or County of Durham; declaration does not establish setback requirements (Article X, Section 3)

Maintenance

Not specifically addressed; owner responsible for Lot maintenance generally (Article VII, Section 1)

Insurance

If Association owns buildings/improvements, Board shall obtain hazard insurance (if economically available) in amount equal to maximum insurable replacement value; also public liability and property damage insurance with minimum $1,000,000 (Article XIII, Section 2)

Use restrictions

No Lot shall be used except for residential purposes; only one detached single-family dwelling per Lot (Article X, Section 2)

Voting & meetings

One class of voting membership; each Owner entitled to one vote per Lot; no fractional votes; more than one owner of a Lot must determine how to cast the single vote (Article IV, Section 1)

Amendments

Amendment requires written consent of Owners of not less than 66 2/3% of Lots subject to Declaration; executed by President/Vice-President and Secretary/Assistant Secretary; recorded in Durham County Registry; Board must certify validity wi (Article XIII, Sections 4 and 5)

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