Lyonsfarm

Key facts from Lyonsfarm's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Lyon's Farm Homeowners' Association, Inc. (Article 1, 'Association' definition)

Developer / declarant

Westfield Homes of the Carolinas, LLC, a Delaware limited liability company, successor by conversion to Westfield Homes of North Carolina, Inc., a North Carolina corporation (Preamble)

Governing law

North Carolina Planned Community Act, Chapter 47F, North Carolina General Statutes (Article 1, 'Act' definition)

Assessments & dues

Regular annual assessments and special assessments levied by the Association pursuant to the provisions of the Declaration (Article 9.01)

Special assessments

Special assessments may be levied by the Board; for Limited Common Area, may be levied equally against benefited Owners; for drainage maintenance, may be levied against specific Owner without vote or written consent of Members (Articles 4.09, 6.02, 9.07)

Collections & liens

Assessment plus interest, late charges, costs (including attorneys' fees) becomes a lien upon the Lot when Association records notice of assessment stating amount, description of Lot, and name of record owner. Lien prior to all other liens (Article 9.01)

Reserves & fees

Board shall establish and maintain reserves in accordance with standard accounting practices for Common Area replacements and maintenance and initial budget. Funds held for particular purpose shall not be expended for other purpose without (Article 9.04)

Pets

Dogs, cats, or other household pets may be kept provided not for commercial purposes. No animals shall be raised, bred or kept except household pets. (Article 7.08(a))

Leasing & rentals

Owners shall have right to lease or rent their Lots, subject to restrictions. No Owner shall lease or rent less than an entire Lot. Lots shall not be leased for hotel or transient purposes. No rental agreement or lease shall be made for per (Article 4.04(b))

Parking & vehicles

No boat, trailer, recreational vehicle, camper, camper truck or commercial vehicle shall be parked, stored or left on undesignated Common Area, parking space, other part of Lot, or within Property. No abandoned or inoperative vehicles. No v (Article 7.03)

Fences

No fence or wall shall be erected unless Plans approved in advance by ACC. No fence closer to street than line formed by exterior face of rear wall of dwelling extended from rear corners to side lot lines or side street setback line. No fen (Article 7.07)

Architectural approval

Architectural Control Committee (ACC) created pursuant to Article 13 with authorization over new construction, modifications and alterations in the Property. Plans must be approved in advance for fences, walls, window treatments, exterior e (Articles 1 'Architectural Control Commit)

Home business

Permissible for Owners to conduct certain business or commercial activities within their residence which do not conflict with local zoning ordinance restrictions. No activity shall unduly burden traffic flows or cause parking of non-residen (Article 7.01)

Signs & flags

No Owner shall display, hang, store or exhibit any signs outside of dwelling on any Lot or in dwelling visible from outside, other than as permitted by Rules and Regulations. One sign of customary dimensions advertising Lot for sale or rent (Article 7.04)

Maintenance

Association shall repair and maintain Common Area and any improvements, utilities and facilities located on Common Area. Association responsible for management, operation, maintenance, repair, servicing, replacement and renewal of all priva (Articles 6.01, 6.02)

Use restrictions

Lots shall be used for residential purposes and for no other purpose. No Owner shall use Lot for any business, commercial, manufacturing or mercantile use, except certain business activities within residence not conflicting with local zonin (Article 7.01)

Voting & meetings

Two classes: Class A - all Owners except Declarant, one vote per Lot; Class B - Declarant, three votes per Lot owned. Class B converts to Class A upon earlier of (a) conveyance of 75% of all Lots to non-Declarant Owners for residence, or (b (Article 8.03)

Amendments

Termination requires 90% vote of total Voting Power and 90% written consent of Mortgagees; if two-class voting structure, FHA approval if applicable. Section 7.19 amendment requires 75% vote of each class (or 75% total and 75% non-Declarant (Articles 2.04, 7.19)

Amenities

Common Area may include swimming pool, wading pool, green or natural area, walking paths or trails, picnic area, putting green, club house, roadway, driveway, parking area, sports complex, ballfield, playground, tot lot, gazebo, pond, dam, (Article 1 'Common Area' definition)

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