Traewyck

Key facts from Traewyck's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential homeowners association (Recitals: 'exclusive residential communi)

Developer / declarant

Sandy Ridge Developers, LLC, a North Carolina limited liability company (Article I, Section 6; Preamble)

Governing law

North Carolina law (references to NC interest rate and foreclosure by power of sale) (Article V, Section 8: 'maximum interest )

Assessments & dues

Board of Directors fixes amount each year by at least 30 days before January 1; may increase up to 5% without vote; larger increase needs 2/3 vote of members present at meeting (Article V, Sections 3(a), 3(b), 7)

Special assessments

Allowed for operating deficits or capital improvements with same 2/3 vote approval (Article V, Section 4)

Collections & liens

Assessments are a continuing lien on the lot; Association may foreclose by action or power of sale under NC law; personal obligation of owner at time due (Article V, Sections 1 and 8)

Reserves & fees

Established by Board of Directors (Article V, Section 8: 'such late charge )

Pets

Yes, dogs (limit one exterior dog), cats, other household pets; no commercial breeding or keeping (Article VII, Section 15: 'dogs (with a l)

Leasing & rentals

Yes, owner may delegate right of use to tenants or contract purchasers; tenant must occupy as principal residence; owner remains responsible (Article IV, Section 2(b))

Signs & flags

Only one professional sign ≤1 sq ft; one for sale/rent ≤5 sq ft; builder signs during construction (Article VII, Section 14)

Setbacks / home size

Building lines as shown on recorded plat(s) or as per Indian Trail Zoning Ordinances; unintentional violations ≤5% not considered violation, but not to violate zoning (Article VII, Section 2)

Use restrictions

All lots used exclusively for single-family residential purposes (Article VII, Section 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.