Nolen Farm

Key facts from Nolen Farm's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Homeowners Association, Inc.) (Article I, Section 4)

Legal name

Nolen Farm Homeowners Association, Inc. (PREAMBLE (inferred from 'Nolen Farm Home)

Units / lots

Not explicitly stated, but multiple Lots referenced (General)

Developer / declarant

Presley Development LLC (PREAMBLE and Article I, Section 12)

Governing law

North Carolina Planned Community Act, Chapter 47F of the North Carolina General Statutes (Article I, Section 1)

Assessments & dues

Initial annual assessment for Class A Lot: $840.00 until December 31, 2020. For Class C Lots: 40% of Class A. For Development Parcel not owned by Declarant: $100.00 per acre. For Class B Lots and Development Parcels owned by Class B Member: (Article V, Section 3)

Special assessments

May be levied for capital improvements, etc.; requires approval of Declarant and majority of votes of non-Declarant members. Special assessments for Class C and Class B are zero. (Article V, Section 6)

Collections & liens

Unpaid assessments after 30 days become a lien on the Lot; Association may file claim of lien and foreclose; personal obligation of owner at time assessment fell due. (Article V, Sections 1 and 9)

Reserves & fees

Association shall establish separate reserve account for repairs and replacements of Common Area. (Article V, Section 14)

Pets

Referenced in Article X, Section 6 'Animals' (not detailed in extract). (Table of Contents)

Architectural approval

If Declarant fails to approve or disapprove within thirty (30) days? (Text: 'failure to respond within 30 days' not fully clear) Application fee up to $250 ($125 for fence/landscape only). (Article IX)

Use restrictions

Referenced in Article X, Section 7 (but not quoted in extract). (Table of Contents)

Voting & meetings

Three classes: Class A (non-Declarant, non-Builder owners) 1 vote per Lot; Class B (Declarant) 99 votes per Lot and 99 votes per acre of Development Parcel; Class C (Builders) 1 vote per Lot (Article III, Section 2)

Amendments

Referenced in Article XI, Section 2 (not detailed in extract). (Table of Contents)

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