Oakcroft Cud Homeowners Association Inc

Key facts from Oakcroft Cud Homeowners Association Inc's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

OAKCROFT CUD HOMEOWNERS ASSOCIATION, INC. (Preamble; Article I.A)

Units / lots

80 dwelling units maximum (Article II.E)

Developer / declarant

TEAGUE-HANKINS DEVELOPMENT, CORP., a North Carolina corporation (Preamble)

Governing law

North Carolina Planned Community Act (N.C.G.S. Chapter 47F) (Article I.H(xiii); Article VI.A.1; Artic)

Assessments & dues

Maximum $500.00 per Lot per year until January 1, 2005. (Article VII.C.1)

Special assessments

May be levied for capital improvements with assent of Class B Member (before Turnover Date) and 2/3 of Class A Members voting in person or by proxy at a meeting called with 30 days' notice. Levied equally on non-Declarant Lots. Declarant ex (Article VII.F)

Collections & liens

Unpaid assessment for 30+ days constitutes lien on Lot when claim of lien filed. Association may foreclose like a deed of trust under power of sale (Article 2A, Chapter 45 N.C.G.S.). Lien subordinate to first mortgages. Foreclosure extingui (Article VII.G; Article VII.I)

Reserves & fees

Common Expenses include provision of adequate reserves for replacement of capital improvements including paving, roofing, and other major expenses. (Article VII.B)

Pets

Dogs, cats, or other household pets may be kept, bred, or raised solely as domestic pets and not for commercial purposes. (Article VIII.A.4)

Parking & vehicles

Trucks over 1 ton not permitted to park overnight on streets, driveways, or Lots (except construction vehicles). No vehicles transporting inflammatory/explosive cargo. No mobile homes except temporary sales/construction offices. (Article VIII.A.10)

Fences

No fence, retaining wall, or screening wall closer to front lot line than front of dwelling. Corner lot restrictions. Chain link fences and animal pens prohibited. All fences/walls require written approval. Must be maintained in good repair (Article VIII.A.18)

Architectural approval

No dwelling or other improvement erected, placed, or altered until Plans approved in writing by Declarant (while Class B Member) or Architectural Review Committee (after Turnover Date). Approval required for mailboxes, signs, newspaper boxe (Article III.A.1)

Solar & roof

Solar and other alternative energy devices must be approved in writing by Declarant or ARC and concealed or integrated with building design. (Article VIII.A.9)

Home business

No portion of a Lot shall be used for business, manufacturing, or commercial purposes; no merchandise kept for commercial purposes. (Article VIII.A.3)

Signs & flags

No mailboxes, newspaper boxes, or signs placed, altered, or allowed without prior permission of Declarant or ARC. All mailboxes must conform to approved style. (Article VIII.A.16)

Setbacks / home size

Front: 20 ft; Rear: 20 ft; Aggregate front+rear: 40 ft. Side: one side 5 ft, other 10 ft; aggregate 15 ft. Special setbacks for Lots 8-10 (front 10 ft), Lots 6, 11-21, 52, 53, 58 (front 15 ft), Lots 42, 63, 64 (rear 30 ft). Perimeter yard b (Article VIII.A.5)

Maintenance

Association responsible for maintenance, upkeep, and repair of Common Areas and personal property owned by Association. Owners responsible for their Lots and improvements. (Article VI.C.1)

Insurance

Common Expenses include premiums for hazard, liability, and other insurance as required or authorized. Required liability insurance not less than $1,000,000.00 and casualty insurance for Stormwater Control Measures. (Article I.H(v), (xii))

Use restrictions

No Lot shall be used for any purpose other than single-family residential purposes, except Common Areas and model homes/sales offices with Declarant approval. (Article VIII.A.1)

Voting & meetings

Class A Members: one (1) vote per Lot owned. Class B Member (Declarant): sixty-five (65) votes per Lot owned. No cumulative voting. Only Members in good standing may vote. (Article IV.C)

Amendments

Supplemental Declarations may annex additional property and may modify Article VII for added properties, but cannot revoke/modify Restrictions for existing Properties except granting limited rights. Changes to assessments deemed not a revoc (Article II.B)

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