Mclaurin Farm Community Association Inc

Key facts from Mclaurin Farm Community Association Inc's documents

Community type

Covenant / Planned Community

Legal name

Mclaurin Farm Community Association Inc

Developer / declarant

SMS Developers, LLC

Governing law

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

Assessments & dues

$85.00 per month per Owner of a Lot (Base Assessment) (Section 9.2)

Special assessments

Association may levy Special Assessments for unbudgeted or excess expenses; requires affirmative vote or written consent of majority of Board and consent of Declarant during Declarant Control Period. (Section 9.4)

Collections & liens

Unpaid assessments become lien; Association may file claim of lien and foreclose in like manner as mortgage under power of sale, with limitations for fines and administrative fees. (Section 9.7)

Reserves & fees

Association required to maintain adequate reserve fund for periodic maintenance, repair, and replacement of Stormwater Control Facilities. (Section 9.1)

Leasing & rentals

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

Fences

Fence easement reserved for Declarant across Lots bordering water facilities or detention ponds for access and erecting required fences. (Section 12.7)

Architectural approval

Architectural Guidelines referenced; ARC approval required for driveways over easements. (Section 12.13)

Home business

Home business use ancillary to primary residential use is permitted, subject to Rules and Regulations and applicable laws. (Section 4.1)

Maintenance

Association responsible for roads, streets, walks, entranceways, cul-de-sacs, utilities, landscaped rights-of-way, entry features, Common Areas, and ponds/streams/culverts serving Stormwater Control Facilities; Owners responsible for their (Sections 6.2, 6.3)

Insurance

Not explicitly stated; Association has authority to repair/reconstruct Insured Property. (Article VIII)

Use restrictions

Lots and Common Areas shall be used for residential and related purposes only, subject to Governing Documents. (Section 4.1)

Voting & meetings

Class A Members (all Owners except Declarant) entitled to one vote per Lot; Class B Member (Declarant) entitled to three votes for each Lot it owns plus one vote for each Lot owned by others. (Section 3.3)

Amendments

Declaration may be amended by written instrument executed by Association and authorized by affirmative vote of at least 67% of all Lots; must be recorded. (Section 17.3)

Amenities

No specific amenities listed; Common Areas may include recreational facilities as Declarant may construct. (Section 12.5)

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