Surrey Woods

Key facts from Surrey Woods's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned residential community under the North Carolina Planned Community Act (Article I, Section 1.1 (B38350 - P 526))

Legal name

Surrey Woods Community Association, Inc. (Section 2.1.7 (B38350 - P 527))

Developer / declarant

Cedar Trail CLT, LLC, a North Carolina limited liability company (Opening paragraph (B38350 - P 526))

Governing law

North Carolina Planned Community Act, N.C.G.S. § 47F-1-101, et seq. (Section 1.1 (B38350 - P 526))

Special assessments

May be levied for unbudgeted expenses; requires majority vote of affected Lots and Declarant consent during Declarant Control Period (Section 6.3 (B38350 - P 540))

Collections & liens

Association has lien on Lot if assessment unpaid 30+ days; may foreclose (Section 6.6 (B38350 - P 541))

Reserves & fees

Budget must include contribution to reserve fund for repair/replacement of capital items (Section 6.2.1 (B38350 - P 539))

Voting & meetings

Class A Members (all Owners) have one vote per Lot; Class B Member (Declarant) has consent rights and appoints board during Declarant Control Period (Section 4.3 (B38350 - P 531))

Amendments

Article XVII: Amendment by Declarant (during Declarant Control Period?) and by Members; recorded to be effective. (Article XVII (B38350 - P 525))

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