Zzbinghamtrace

Key facts from Zzbinghamtrace's documents

Community type

Covenant / Planned Community

Legal name

Bingham Trace Homeowners Association, Inc. (Article I Section 3)

Developer / declarant

Agency Partners, L.L.C. and Hillcrest Partners, LLC, jointly (Preamble)

Governing law

North Carolina Planned Community Act, Chapter 47F of the General Statutes of North Carolina (Article I Section 13; Recitals)

Age restriction

No age restriction mentioned (Entire document)

Assessments & dues

Maximum $300.00 per Lot until December 31 of year of first Lot conveyance (Article IV Section 3(b))

Special assessments

May levy special assessments for capital improvements with assent of two-thirds of votes of each class (Article IV Section 4)

Collections & liens

Assessments are a lien on the property; may foreclose under power of sale (except liens solely for fines); judicial foreclosure for fines-only liens (Article IV Sections 1, 9)

Reserves & fees

Association shall establish and maintain adequate reserve fund for periodic maintenance, repair, replacement of Common Elements improvements (Article IV Section 2(b))

Pets

Dogs, cats, or other household pets not used for breeding or commercial purposes (Article VII Section 4)

Leasing & rentals

Yes, leases permitted but must be in writing and subject to Declaration (Article II Section 6)

Parking & vehicles

Boats, trailers, campers must be screened; no tractor trailers; no inoperative vehicles for more than 48 hours; no motor vehicles in yards (Article VII Section 3)

Fences

No fence without approval; no fence nearer to front street than midpoint of side of residence; no fence nearer to side street than minimum side yard setback; max height 6 feet; chain link perimeter fences not permitted (Article VII Section 9)

Architectural approval

Yes, for any improvement, alteration, repair, change in paint color, excavation, change in grade, planting, landscaping, modification of driveways, exterior decoration (Article V Section 1)

Signs & flags

Only one 'For Sale' sign or one temporary sign for yard sale (max 72 hours); no signs deemed nuisance (Article VII Section 7)

Setbacks / home size

Main structure not less than 1,800 sq ft for one or one-and-a-half story residence; not less than 2,000 sq ft for two-story residence (Article VII Section 12)

Maintenance

Association maintains Common Elements, open spaces, roadway medians/islands, storm water control measures; Owners maintain their dwelling and Lot (Article VI Sections 1, 2)

Use restrictions

No Lot shall be used except for single-family residential purposes (Article VII Section 1)

Voting & meetings

Class A Members: one vote per Lot; Class B Member (Declarant): three votes per lot not conveyed to Class A Member (Article III Section 2)

Amenities

Declarant does not contemplate construction of swimming pool, tennis courts, clubhouse, etc.; only fences, walkways, driveways, parking facilities (Article I Section 5; Article II Section )

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