Hadley Park

Key facts from Hadley Park's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned residential development (Recitals B: 'Declarant intends to improv)

Developer / declarant

Pace/Dowd Properties, Ltd., a North Carolina corporation (Recitals A; Section 1.11)

Assessments & dues

Maximum $1,225 per Lot (Owner) and $1,105 per Lot (Declarant) for first assessment year starting Jan 1, 2005 (Section 9.05: 'maximum of 1225 per Lot o)

Special assessments

Yes, for capital improvements; if exceeds 20% of budgeted gross expenses, requires majority vote (Section 9.06)

Collections & liens

Assessment becomes a lien upon recording notice; enforceable by foreclosure under North Carolina law (Section 9.01: 'shall be and become a lie)

Reserves & fees

Required; Board shall establish and maintain reserves; initial budget provides baseline; lower level requires majority vote (Section 9.04)

Pets

Yes (dogs, cats, other household pets) (Section 7.08(A))

Leasing & rentals

Yes, with restrictions (Section 4.03)

Parking & vehicles

Prohibited from parking except in garage (Section 7.03: 'no boat, trailer, recreat)

Fences

Fences require prior approval; no fence closer than street setback; privacy fencing max 6 ft; perimeter fencing: picket, decorative metal, stone or brick, 4 ft, chain link prohibited, pickets spaced ≥1.5 inches on exterior side (Section 7.07)

Architectural approval

Yes; prior written approval required for improvements, additions, landscaping (Sections 7.17, 14.01)

Home business

Allowed if not apparent, conforms to zoning, no solicitation, consistent with residential character (Section 7.01(a)-(d))

Signs & flags

One professional sign (max 6 sq ft) for sale/rent; otherwise no signs visible from outside; Declarant may erect sales signs (Section 7.04)

Setbacks / home size

As per recorded map; minimum side 5 ft, rear 10 ft; no encroaching on easements (Section 7.11)

Use restrictions

Each Lot used solely for single family residence, with limited home business exception (Section 7.01: 'each Lot shall be used so)

Voting & meetings

Two classes: Class A (1 vote per Lot), Class B (Declarant and Builder, 6 votes per Lot) (Section 8.03)

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