Gander Lake

Key facts from Gander Lake's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Gander Lake Homeowners Association, Inc.) (Section 1.4 'Association' definitions; A)

Units / lots

29 (Section One as shown on plat), plus future sections (Plat SITE DATA: TOTAL NUMBER LOTS = 29; )

Governing law

North Carolina Planned Community Act (Chapter 47F of the North Carolina General Statutes) (Section 1.23 'Planned Community Act' def)

Collections & liens

Unpaid assessments become a lien on the lot, may be foreclosed like a mortgage/deed of trust. Lien has priority over subsequent liens except real estate taxes and first mortgages recorded before docketing. Association may recover attorneys' (Sections 5.9, 5.10, 5.11)

Reserves & fees

Greater of $20 or 20% of delinquent amount (Section 5.15 Late Charges)

Pets

Common pets only. No animals or poultry except common pets. (Article II, Section 13)

Signs & flags

Only 'For Sale' or 'For Rent' signs allowed. (Article II, Section 7)

Setbacks / home size

Comply with Wayne County ordinances and setbacks shown on plat. Building line setback may be varied up to 10% with Developer's consent. (Article II, Section 4)

Use restrictions

All lots shall be used for residential purposes only. No business or commercial uses except Developer's model home/sales office. Group family homes prohibited. (Article II, Section 1)

Voting & meetings

Class A Members: one vote per lot (owners of lots with dwelling units, except Declarant); Class B Members: Declarant during Development Period. Voting by Class A Members only after expiration of Development Period. (Section 4.5.3 Voting)

Amendments

Not fully detailed in this excerpt; however, the document refers to amendment of Rules and Regulations by Board (Section 4.3) and amendment of Declaration likely requires recorded instrument but not specified here. (General context)

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