Wynstead at Hope Valley Farms Homeowners Association

Key facts from Wynstead at Hope Valley Farms Homeowners Association's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community under North Carolina Planned Community Act (Chapter 47F) (Preamble; Article I)

Legal name

Wynstead at Hope Valley Farms Homeowners Association

Developer / declarant

D.R. Horton, Inc., a Delaware corporation (Preamble)

Governing law

Chapter 47F of the North Carolina General Statutes (Planned Community Act) (Preamble; Article I)

Assessments & dues

Board prepares and approves a budget of estimated Common Expenses at least 60 days before each fiscal year; includes reserve fund contributions; Base Assessments levied equally against all Lots. (Section 9.1)

Special assessments

May be levied to cover unbudgeted expenses or expenses in excess of those budgeted; requires affirmative vote or written consent of majority of Board and consent of Declarant during Declarant Control Period. (Section 9.2)

Collections & liens

Unpaid assessments, interest, and costs constitute a lien on the delinquent Lot when a claim of lien is filed with the Clerk of Superior Court of Durham County; may be foreclosed as provided in N.C.G.S. § 47F-3-116. (Section 9.6)

Reserves & fees

Budget shall include contributions to a reserve fund for repair and replacement of capital assets, based on a separate reserve budget considering number/nature of assets, expected life, and repair/replacement cost. (Section 9.1)

Pets

Not explicitly stated; pet enclosures must be screened from view (Section 4.3.11). (Section 4.3.11)

Leasing & rentals

No rule shall prohibit leasing or transfer of any Lot or require consent of Association/Board for leasing or transfer; however, Association may require a minimum lease term of six months and otherwise regulate leasing. (Section 4.5.3)

Parking & vehicles

Only licensed and operative vehicles classified as passenger cars, station wagons, passenger pick-up trucks or passenger vans may be regularly parked in driveways; no vehicle may be parked regularly on any roadway; recreational vehicles mus (Section 4.3.7)

Fences

Fences are subject to architectural approval (included in 'no structure or thing'). (Section 5.1)

Architectural approval

No structure or thing (including fences) shall be placed, erected, or installed upon any Lot and no improvements or other work (including staking, clearing, excavation, grading, exterior alterations, planting/removal of landscaping) shall t (Section 5.1)

Solar & roof

Exterior materials and colors subject to architectural approval. (Section 5.4.2)

Home business

Permitted if ancillary to primary residential use, subject to Rules and Regulations and applicable laws/ordinances. (Section 4.1)

Signs & flags

No commercial signs of any kind displayed to public view on any Lot (except Declarant's marketing/informational signs; signs advertising Lot for sale/rent not larger than 18" x 24"; political signs subject to Rules and Regulations). (Section 4.3.3)

Maintenance

Owner responsible for all structures on Lot (includes roof). (Section 6.3)

Insurance

Policies may provide for reasonable deductible; deductible treated as Common Expense unless Board determines loss resulted from negligence/willful misconduct of Owner(s), guests, invitees, or lessees, then may assess full deductible against (Section 7.4)

Use restrictions

Lots and Common Area shall be used for residential and related purposes only; Declarant/Association may maintain business/management office; home business use ancillary to primary residential use is permitted subject to Rules and Regulation (Section 4.1)

Voting & meetings

Class A Members (all Owners except Declarant): one vote per Lot, no more than one vote per Lot regardless of number of Owners. Class B Member (Declarant): one vote for each Lot it owns plus one vote for each Lot owned by others; Class B con (Section 3.3)

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