Chandler S Ridge Community Association Inc

Key facts from Chandler S Ridge Community Association Inc's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned community under NC Planned Community Act (Chapter 47F) (Recitals C; Article I)

Legal name

Chandler's Ridge Community Association, Inc.

Developer / declarant

D.R. Horton - Terramor, LLC, a Delaware limited liability company, 7208 Falls of Neuse Road, Suite 201, Raleigh, NC 27615 (Introductory paragraph)

Governing law

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

Assessments & dues

Board prepares and approves budget at least 60 days before fiscal year; Base Assessments levied equally against all Lots (Section 9.3)

Special assessments

May be levied for unbudgeted or excess expenses; requires majority of Board and Declarant consent during Declarant Control Period (Section 9.4)

Collections & liens

Unpaid assessments (30+ days) secured by lien on Lot; lien superior to all others except prior recorded liens and tax/government liens; mechanics/materialmen liens not affected (Section 9.2)

Reserves & fees

Required for periodic maintenance, repair, replacement of Stormwater Control Facilities; budget includes reserve contributions (Sections 9.1, 9.3)

Leasing & rentals

Yes - no rule shall prohibit leasing or transfer of any Lot or require consent for leasing/transfer (Section 4.5.3)

Parking & vehicles

Only licensed and operative passenger cars, station wagons, passenger pick-up trucks, passenger vans may be regularly parked in driveways; no regular parking on roadways; recreational vehicles must be screened; no vehicle used as dwelling (Section 4.3.8)

Fences

Fences are structures requiring approval under Article V (Section 5.1)

Architectural approval

Yes - no structure/thing placed, erected, installed, no improvements/work (staking, clearing, excavation, grading, exterior alterations, planting/removal of landscaping) without approval; exceptions for repainting same color, repair/replace (Section 5.1)

Home business

Permitted ancillary to primary residential use, subject to Rules and Regulations and applicable laws (Section 4.1)

Signs & flags

No signs/billboards/advertising displayed to public view on any Lot, right of way, or Common Areas; exceptions for Declarant marketing/construction signs and professionally prepared sale/rent signs not larger than 18" x 24" (Section 4.3.4)

Maintenance

Association: roads/streets/walks/entranceways/cul-de-sacs/utilities before public/private acceptance, landscaped rights-of-way, entry features, Common Areas, ponds/streams/culverts serving Stormwater Control Facilities. Owner: Lot and unimp (Sections 6.2, 6.3)

Insurance

Reasonable deductible allowed; treated as Common Expense unless Board determines loss due to Owner negligence/misconduct, then may assess full deductible as Specific Assessment (Section 7.1.4)

Use restrictions

Lots and Common Areas used for residential and related purposes only; home business ancillary to residential use permitted subject to Rules and Regulations and laws (Section 4.1)

Voting & meetings

Two classes: Class A (each Owner, one vote per Lot, max one vote per Lot regardless of number of Owners); Class B (Declarant, 3 votes per Lot owned plus 1 vote per Lot owned by others, converts to Class A upon first of: all Lots conveyed, s (Section 3.3)

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