Valencia Homeowners Association Inc

Key facts from Valencia Homeowners Association Inc's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

residential community (Preamble)

Legal name

Valencia Homeowners Association, Inc. (Preamble)

Developer / declarant

Pulte Home Company, LLC (Preamble)

Governing law

North Carolina Planned Community Act, G.S. 47F (Article I, Definitions - "Act")

Assessments & dues

$1,392.00 per year ($116.00 per month) until December 31 of year of first Lot conveyance (Article IV, Section 3)

Special assessments

Special Assessments for capital improvements; after Declarant's Development Period requires 2/3 vote of each class; before expiration, >5% of budgeted Common Expenses requires 2/3 vote; <=5% may be levied by Board alone (Article IV, Section 7)

Collections & liens

Unpaid assessments after 30 days become lien on Lot per G.S. 47F-3-116; may be foreclosed; first mortgage foreclosure purchaser not liable for prior assessments (Article IV, Section 4)

Reserves & fees

Late charges, interest, and collection costs including attorney's fees added to unpaid assessments (Article IV, Section 4)

Pets

Dogs, cats, other usual/common household pets permitted (Article VI, Section 9)

Leasing & rentals

Lots may be leased for residential purposes (Article VI, Section 7)

Parking & vehicles

Only automobiles, vans, passenger trucks, private passenger vehicles may park overnight without Board consent unless in enclosed garage (Article VI, Section 5(a))

Fences

No fence/fencing barrier without prior written ARC consent; Declarant may erect fencing on model home lots; Association may erect fencing on Common Area (Article VI, Section 19)

Architectural approval

No exterior construction, alteration, addition, or erection without ARC approval (Article VI, Section 3)

Solar & roof

Solar collectors/energy conservation equipment only if integral/harmonious part of architectural design per ARC sole discretion (Article VI, Section 24)

Home business

Permitted with conditions: operated by Owner/household/tenant, no displays/signs, no significant traffic, no outdoor equipment, all approvals obtained, no employees except household, prior written Board approval and annual registration (Article VI, Section 2)

Signs & flags

No signs except approved by Declarant/Board, plus: one for-sale/rent sign per dwelling (max 6 sq ft, inside window), Declarant signs, subdivision identification signs, Common Area signs, and government-required signs (Article VI, Section 4)

Use restrictions

All Lots shall be used for residential purposes exclusively (Article VI, Section 2)

Voting & meetings

Class A: one vote per Lot owned (collective for multiple owners); Class B: Declarant gets 3 votes per Lot owned (Article III, Section 1)

Amendments

Amendment procedure in Article XI, Section 4 (Table of Contents, Article XI Section 4)

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