Chapel Run Homeowners Association

Key facts from Chapel Run Homeowners Association's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Homeowners Association) (Declaration creates Chapel Run Homeowner)

Developer / declarant

Weekley Homes, LLC, a Delaware limited liability company (First paragraph of Declaration)

Governing law

North Carolina Planned Community Act, N.C. Gen. Stat. §§ 47F-1-101, et seq. (Preamble (after NOW THEREFORE))

Special assessments

Board may levy special assessments for budget shortfalls or capital improvements/repairs; payable in installments as determined; each Improved Lot pays equal share. (Section 6.04)

Collections & liens

All sums assessed create a continuing lien on the Lot superior to all liens except ad valorem taxes, first priority mortgages, and certain purchase money mortgages. Association may foreclose the lien judicially or non-judicially by power of (Section 6.01 and Section 6.08(d))

Reserves & fees

Budget may include contributions to reserve funds for repair and replacement (Section 6.03). Neighborhood budgets may include reserved fund for capital items (Section 6.07). (Sections 6.03 and 6.07)

Signs & flags

Section 11.09 regulates signs. Document also states it regulates or prohibits display of political signs. (Section 11.09; cover page notice)

Use restrictions

Lots shall be used for residential purposes only (Section 11.01). Builder leasing a completed Lot as model or sales office permitted without violating restriction. (Section 11.01 and Definition of 'Builder)

Amendments

Article XII governs amendments; specific procedures not fully extracted. (Article XII)

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