Fieldstone Farm

Key facts from Fieldstone Farm's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Fieldstone Farm in Union County HOA, Inc.) (Section 1.05)

Legal name

Fieldstone Farm in Union County HOA, Inc. (Section 1.05)

Developer / declarant

Centex Homes, a Nevada general partnership (Opening paragraph of the Declaration)

Governing law

North Carolina Planned Community Act, Chapter 47F, North Carolina General Statutes (Section 1.01)

Assessments & dues

Board adopts budget and fixes amount each year; notice to Owners; meeting for ratification if required by statute (Section 9.05(a))

Special assessments

Board may levy; ratio 3:1 for Class A vs B; over 5% of budgeted gross expenses requires 67% vote of each class (Section 9.06)

Collections & liens

Association may record notice of assessment lien; prior to other liens recorded subsequent; foreclosure per NC law (Section 9.01)

Reserves & fees

Board shall establish reserves for Common Area replacements and maintenance; initial budget sets reserve level; use of reserves requires majority vote unless excess (Section 9.04)

Pets

Yes; dogs, cats, or other household pets, not for commercial purposes (Section 7.08(a))

Leasing & rentals

Yes, entire Lot only; minimum lease 12 months; no hotel/transient use (Section 4.03(b))

Fences

ARC approval required; no fence closer to street than rear wall line extended; max height 6 feet; chain link prohibited (Section 7.07)

Home business

Permissible if not in conflict with zoning, not unduly burdening traffic; Board determines compatibility (Section 7.01)

Signs & flags

Generally prohibited; one customary 'for sale/rent' sign allowed per Lot; signs required by law allowed; Declarant signs allowed; political signs prohibited (Section 7.04 and cover page)

Use restrictions

Yes; single family or housekeeping unit; no business, commercial, manufacturing except home business per Board discretion (Section 7.01)

Voting & meetings

Two classes: Class A (all Owners except Declarant) 1 vote per Lot; Class B (Declarant) 3 votes per Lot (Section 8.03)

Amendments

Termination requires 80% vote; certain sections (e.g., 7.12) require 75% vote and Declarant consent (Sections 2.03, 7.12)

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