Shannamara

Key facts from Shannamara's documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

SHANNAMARA

Developer / declarant

Union Development Group, Inc., a North Carolina corporation (Opening paragraph)

Governing law

North Carolina General Statutes (N.C.G.S. § 47F-2-117 referenced in 2019 amendment) (2019 amendment, first page)

Assessments & dues

Initially maximum $120 per Class A lot per year; after pool/clubhouse/tennis courts completion, $400 per Class A lot per year (Article V Section 3)

Special assessments

May be levied for capital improvements with same 60% membership approval as regular increase (Article V Section 4)

Collections & liens

Assessment is a continuing lien on the property; personal obligation of owner at due date; foreclosure action allowed; subordinate to first mortgages (Article V Sections 1, 8, 9)

Reserves & fees

Late charge established by Board (Article V Section 8)

Pets

Dogs, cats, and other customary household pets allowed (Article VII Section 15)

Leasing & rentals

Yes, with restrictions (Article XII (added by 2019 amendment))

Parking & vehicles

Not permitted on any portion of property except in enclosed garage or approved enclosure (Article VII Section 21(d))

Architectural approval

Yes for any improvements including site prep, buildings, fences, landscaping, tree cutting, etc. (Article VI Section 1)

Signs & flags

Only one professional sign (1 sq ft), one for sale/rent sign (5 sq ft), one builder sign (4x8 ft) during construction/sales; no other signs (Article VII Section 14)

Use restrictions

Yes; all lots are residential; only single-family dwellings allowed (Article VII Section 1)

Voting & meetings

Each Class A Lot has one vote; each Class B Lot (owned by Declarant) has five votes; rental owners' votes limited to 49% weight if voted in a block (Article III Sections 2 and 3)

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