Cambridge Square

Key facts from Cambridge Square's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (Article I)

Developer / declarant

Cambridge Square Development, LLC, a North Carolina limited liability company (Page 854)

Governing law

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

Assessments & dues

Not set in Declaration; Base Assessment defined but amount determined by budget (Section 2.5; Article IX)

Special assessments

Allowed, including Specific Assessments and Special Assessments (Sections 2.27, 2.28; Article IX)

Collections & liens

Creation of the Lien and Personal Obligation for Assessment under Section 9.2 (Section 9.2)

Leasing & rentals

Yes, but Association may require minimum lease term of 6 months and otherwise regulate leasing; cannot prohibit leasing or require consent (Section 4.5.3)

Parking & vehicles

Only licensed, operative passenger cars, station wagons, passenger pick-up trucks, or passenger vans may be regularly parked in driveways. No regular parking on roadways. Recreational vehicles must be screened. No vehicle used as dwelling. (Section 4.3.8)

Fences

Fences require ARC approval (Section 5.1 (including fences in list))

Architectural approval

Prior written approval required for any structure, fence, improvement, exterior alteration, landscaping, and other work on any lot (Section 5.1)

Home business

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

Signs & flags

Generally prohibited; exceptions for Declarant's marketing signs and small professional 'for sale' or 'for rent' signs (max 18x24 inches); Association may remove noncompliant signs (Section 4.3.4)

Maintenance

Owner responsible for repainting and repair of exterior damage to structures, including roof (Section 6.3(k) and (l))

Insurance

Deductible is Common Expense unless loss results from negligence or willful misconduct of an owner, then may be assessed to that owner as Specific Assessment (Section 7.1.4)

Use restrictions

Lots and Common Areas used for residential and related purposes only, with exceptions for Declarant and home businesses (Section 4.1)

Voting & meetings

Two classes: Class A (owners of lots, 1 vote per lot); Class B (Declarant, 3 votes per lot owned plus 1 vote per lot owned by others). Converted to Class A upon certain events. (Section 3.3)

Amendments

Amendment provisions in Section 17.3 (details not shown in text) (Table of Contents (Article 17.3))

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