Langston Ridge Community Homeowners Association In

What Langston Ridge Community Homeowners Association In's governing documents say

This is a stormwater maintenance covenant and easement agreement for the Langston Ridge subdivision in Knightdale, NC, between the developer, the homeowners association, and the Town of Knightdale. It is not a full set of HOA rules; it specifically governs the maintenance, repair, and replacement of stormwater control facilities (ponds, wetlands, etc.) that serve the community.

• What this document covers: It creates a perpetual obligation for the HOA (and ultimately each lot owner) to maintain stormwater control facilities in strict compliance with the Town's approved operations and maintenance manual, and grants the Town an easement to inspect and, if necessary, perform maintenance.
• Who is bound: The covenants run with the land and bind all current and future lot owners in Langston Ridge. Membership in the HOA is mandatory for every lot owner.
• Stormwater assessments: The HOA must levy annual assessments on all lots to cover stormwater maintenance costs, including insurance, replacement contributions, and other expenses. These assessments are common expenses and cannot be less than the required stormwater expense, even if the budget isn't ratified by members.
• Lien and enforcement: Unpaid stormwater assessments become a lien on the lot after 30 days and can be foreclosed. The Town has the right to enforce collection and can also perform maintenance and recover costs, plus interest, late fees, and attorney's fees, if the HOA or owners fail to maintain the facilities.
• Replacement reserve fund: A General Replacement Account is established with the Town, initially funded by the developer ($29,088.11) and then by annual contributions from the HOA, to cover major repairs or replacement of stormwater facilities costing over $36,741.33.
• Insurance requirement: The HOA must maintain liability insurance of at least $1,000,000 for the stormwater control facilities.
• What this document doesn't cover: This document does not contain typical HOA rules about pets, leasing, architectural review, parking, or other day-to-day community living standards. Those would be in a separate declaration of covenants, conditions, and restrictions.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.