Young Farms Owners Association Inc

Key facts from Young Farms Owners Association Inc's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned community (multi-phased residential community) (Section 2.1 – 'multi-phased, planned com)

Legal name

Young Farms Owners Association, Inc., a North Carolina non-profit corporation (First paragraph of Declaration; Recitals)

Developer / declarant

Taylor Morrison of Carolinas, Inc., a North Carolina corporation (First paragraph of Declaration; Section )

Governing law

North Carolina Planned Community Act, Chapter 47F of the North Carolina General Statutes (Section 1.1)

Special assessments

Permitted for unbudgeted expenses, expenses above budget, capital improvements, or repair/replacement of Common Area improvements (Section 1.4.3)

Collections & liens

Association has lien for unpaid assessments and can foreclose; also may collect rents from tenants. (Sections 10.14, 10.15, 10.16, 10.17)

Pets

Pets allowed but regulated; livestock and poultry are prohibited. (Section 11.7)

Leasing & rentals

Leases must be for a term of not less than six (6) months (Section 15.2 (implicit from context – se)

Architectural approval

Yes – no exterior improvement may be made without prior ARB approval. (Section 13.2)

Signs & flags

Display of the flag of the United States of America or North Carolina is regulated or prohibited by this Declaration. (Cover page: 'THIS DOCUMENT REGULATES OR )

Use restrictions

Yes – Units for residential use only (Section 15.1)

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