Towns at Craig

Key facts from Towns at Craig's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (HOA) – Towns at Craig Homeowners Association, Inc. (Recital 4; Section 1.5)

Developer / declarant

Kinger Homes, LLC, a North Carolina limited liability company (Declaration (page 1); Section 1.14)

Governing law

North Carolina Planned Community Act (N.C. Gen. Stat. Chap. 47F) (Recital 3; Section 1.1)

Assessments & dues

Not fixed; set annually by Board based on budget (Section 8.2)

Special assessments

Allowed for unbudgeted or excess expenses; requires 67% of Class A votes and Declarant consent during Development Period unless disapproved at meeting. (Section 8.4)

Collections & liens

Delinquent assessments become a continuing lien on the Lot (under §47F-3-116). Association may file Claim of Lien after written demand and 15 days, may foreclose. Lien priority: after tax liens and first mortgages. Personal obligation of Ow (Section 8.6)

Reserves & fees

Board may, in its discretion, annually prepare reserve budgets for replaceable assets within the Area of Common Responsibility. General reserves may be included in budget. (Section 8.3)

Parking & vehicles

Guest Parking Spaces are part of Common Area. Board may adopt parking Rules, including towing. No specific restrictions on on-street, commercial vehicles, RVs, etc. mentioned. (Section 1.9; Section 2.1(c); Section 4.3)

Architectural approval

Yes – no exterior structure or improvement may be placed without prior written approval of ARB, unless exempted. (Article 9; Section 9.1)

Signs & flags

Document regulates display of US flag and NC flag, and political signs (as required by NC Planned Community Act). Specific sign rules not detailed; any exterior improvement subject to ARB approval (Article 9). (Required statements at beginning; Articl)

Maintenance

Association maintains roof shingles (repair, replace, maintain); other portions of roof not mentioned as Association responsibility. (Section 5.1(a) (exterior maintenance par)

Insurance

Reasonable deductible allowed. Amount not subtracted from face amount. Deductibles are Common Expenses paid with General Assessments, but if Board determines loss due to Owner's negligence/willful misconduct, the deductible may be specifica (Section 6.1(b); Section 6.3; Section 6.1)

Use restrictions

Lots are intended for development, use, and occupancy as a detached residence for a single family (Dwelling defined as primary single-family residence). No explicit 'residential use only' restriction but implied. (Section 1.17; Section 1.20)

Voting & meetings

Two classes: Class A (one vote per Lot for all Owners except Declarant) and Class B (Declarant, with power to appoint majority of Board until termination of Class B Control Period). If multiple owners of a Lot, vote exercised by one designa (Section 3.2(a),(b),(c))

Amendments

Not fully detailed; Article 9 (Architectural Standards) cannot be amended during Development Period without Declarant's written consent (Section 9.1). General amendment procedure not provided in this excerpt. (Section 9.1)

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