Olde Mill Trace Homeowners Association Inc

Key facts from Olde Mill 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 under North Carolina Planned Community Act (WHEREAS, this Declaration creates a plan)

Legal name

Olde Mill Trace Homeowners Association, Inc. (Section 1.7)

Developer / declarant

Caruso at Olde Mill Trace, LLC, a North Carolina limited liability company (THIS DECLARATION is made on the date her)

Governing law

North Carolina Planned Community Act, N.C. Gen. Stat. Chap. 47F (Section 1.1)

Assessments & dues

Maximum $480.00 per Lot until January 1 of year following first Lot conveyance to Purchaser (Section 4.3(G)(i))

Special assessments

Requires assent of at least 2/3 of votes cast by Members voting in person or by proxy at duly called meeting (Section 4.4)

Collections & liens

Assessment Lien; may file Claim of Lien; foreclosure per §47F-3-116; lien subordinate to First Mortgage and certain other liens (Section 4.7, Section 4.8)

Reserves & fees

Association shall establish and maintain adequate reserve fund for periodic maintenance, repair, replacement of Common Area improvements (Section 4.10)

Pets

Dogs, cats, or other common household pets permitted, subject to Board approval of types/breeds (Section 5.15)

Leasing & rentals

Yes, subject to restrictions (Section 5.14)

Parking & vehicles

Parking prohibited in front yard except on driveway; no parking on streets except oversized vehicles during daylight hours adjacent to Owner's lot; no parking over sidewalks (Section 5.5)

Fences

Not specifically addressed; fences are Improvements requiring Architectural Committee approval (Section 1.20, Section 5.21)

Architectural approval

Prior written approval of Architectural Committee required for excavation, grading, improvements, exterior alterations, tree cutting (except dead/immediate risk), and other changes (Section 5.21)

Home business

Permitted if in accordance with applicable municipal ordinances for home business in residential districts (Section 5.1)

Signs & flags

No signs visible from neighboring property without approval; exceptions: Declarant signs, legal signs, one 30"x24" for-sale sign, one political sign 24"x24" (45 days before to 7 days after election), traffic/construction signs (Section 5.3)

Setbacks / home size

Minimum 2,500 heated sq ft for single story; minimum 2,800 heated sq ft for two stories (max two stories); private 1-3 car garage (Section 5.2)

Maintenance

Association responsible for Common Area maintenance; Owners responsible for their Lots (Section 4.2, Section 4.10)

Use restrictions

All lots improved and used only for Single Family Residential Use; no commercial activity except home businesses per municipal ordinances (Section 5.1)

Voting & meetings

Class A: 1 vote per Lot owned; Class B (Declarant/Designated Builder): 10 votes per Lot owned (Section 3.7)

Amenities

No specific amenities listed; Common Area may include amenities as designated on Plats (Section 1.13)

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