Lake Julian Trails

Key facts from Lake Julian Trails's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned community (Article I, Section 1.19 (Property defini)

Legal name

Lake Julian Trails

Developer / declarant

Lake Julian Trails, LLC (Preamble: 'by Lake Julian Trails, LLC, h)

Governing law

NCGS 47F (Article VI, Section 6.1-6.17; Article VI)

Assessments & dues

Maximum $600 per Lot until December 31, 2004. Thereafter determined by Board (with limits) or by Member vote. (Article IX, Section 9.3)

Special assessments

Allowed for capital improvements. Must be adopted by at least twenty affirmative votes of Members voting (in person or by proxy) at a meeting called for that purpose. (Article IX, Section 9.4)

Collections & liens

Unpaid assessments become a lien after 30 days when claim of lien filed. Foreclosure in like manner as mortgage under power of sale (Article 2A of Chapter 45). Lien priority: prior to all except earlier recorded liens, real estate taxes. Ex (Article IX, Section 9.9; Section 9.8)

Reserves & fees

Allocations to reserves included in Common Expenses (Article I, Section 1.8; Article IX, Section 9.2(a)) but no specific funding requirement. (Article I, Section 1.8; Article IX, Sect)

Pets

Yes, but limited to no more than 2 dogs, cats or other household pets per Lot. (Article XII, Section 12.12)

Leasing & rentals

Yes, but subject to restrictions. (Article XII, Section 12.2)

Parking & vehicles

Prohibited: 'parking of vehicles of any kind on the roads or shoulders or in the yards or Common Areas is prohibited.' (Article XII, Section 12.5)

Signs & flags

Only residential security signs and resident identification signs not exceeding 3 sq ft. For sale signs not exceeding 5 sq ft. Declarant exempt until all phases developed. (Article XII, Section 12.7)

Use restrictions

true (Article XII, Section 12.1: 'All Lots sho)

Voting & meetings

One vote per Lot. If multiple owners, they determine how to cast the single vote; if present, majority interest prevails unless protest. (Article IV, Section 4.3; Article VIII, S)

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