Claircross

Key facts from Claircross's documents

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

Community type

hoa (Definition 1.6 (Association is a homeown)

Developer / declarant

PDS TRINITY LLC, a North Carolina limited liability company (Opening paragraph)

Governing law

North Carolina Planned Community Act (N.C. Gen. Stat. Chap. 47F) (Recital 3)

Special assessments

Special Assessments allowed; become effective unless disapproved by 67% of Class A votes (and Declarant during Dev Period) (Section 8.4)

Collections & liens

Assessment lien filed in clerk of court; priority after tax liens and first mortgage liens; foreclosure available (Section 8.6)

Reserves & fees

Board may annually prepare reserve budgets for replaceable assets (Section 8.3)

Leasing & rentals

Owner may lease Lot; lessee obtains use rights (Section 2.1 (rights extended to lessees))

Architectural approval

All exterior structures and improvements require prior written ARC approval, unless exempted (Section 9.1 and 9.5)

Signs & flags

Document regulates or prohibits display of flag of US or NC (Cover statement)

Insurance

Blanket property insurance on Common Area improvements; commercial general liability ($1M per occurrence min); D&O; fidelity (min 1/6th annual General Assessments plus reserves) (Section 6.1(a))

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