Daniels Trace

Key facts from Daniels Trace's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Homeowners Association) (Article I, Section 3: 'Daniels Trace Hom)

Governing law

North Carolina Planned Community Act, Chapter 47F of the North Carolina General Statutes (WITNESS ETH paragraph: 'subject to the N)

Assessments & dues

Executive Board adopts proposed annual budget at least 90 days before fiscal year; budget ratified unless majority of all Lot Owners reject at meeting; first Annual Assessment set by Declarant before first conveyance (Article IV, Section 3)

Special assessments

For capital improvements – requires assent of two-thirds (2/3) of each class voting in person or by proxy at a meeting called with 10-60 days notice (Article IV, Section 4)

Collections & liens

Unpaid assessment after 30 days creates a lien that may be foreclosed in like manner as a mortgage under Article 2A of Chapter 45 of the General Statutes; lien prior except to prior recorded mortgages and tax liens (Article IV, Section 11)

Reserves & fees

Association may establish and collect late fees for delinquent installments (Article IV, Section 10: 'The Association)

Pets

Dogs, cats, or other household pets kept not for commercial purposes are allowed (Article VI, Section 3E)

Leasing & rentals

No Owner may lease Lot for any period (Article VI, Section 3J)

Parking & vehicles

No overnight parking on street (Article VI, Section 3K)

Fences

Fences permitted only if design, placement, and materials approved by Declarant, Board, or Architectural Control Committee (Article VI, Section 2D)

Architectural approval

Plans and specifications for any structure, exterior addition, or change must be submitted for written approval as to harmony of design and location (Article VI, Section 1)

Signs & flags

Only 'for sale' signs not exceeding six square feet permitted on a Lot or Common Elements without Board permission (Article VI, Section 3H)

Setbacks / home size

No specific setback lines; structures must not be closer than permitted by applicable governmental regulations (Article VI, Section 2B)

Maintenance

Owner responsible for maintenance of Lot; Association responsible for operation and maintenance of Common Elements and Limited Common Elements (Article III, Section 5 (Common Elements))

Insurance

Deductibles payable by Association upon loss are common expenses (Article IV, Section 5)

Use restrictions

All lots restricted to residential purposes; one single-family dwelling per lot (Article VI, Section 3A)

Voting & meetings

Two classes: Class A – one vote per lot for owners (except Declarant); Class B – Declarant gets three votes per lot owned until Class A votes equal Class B or December 31, 2014 or voluntary surrender (Article III, Section 3)

Amendments

Declarant may amend without member approval for certain reasons (e.g., prior to first sale, for Additional Property, to correct errors, for tax exemption, to conform to law, to reflect platting changes; for three years after recordation or (Article V, Section 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.