Smith Farm

Key facts from Smith Farm's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned community (HOA) for Smith Farm; townhome planned community within master-planned Smith Farm (Original: 'WHEREAS, Declarant is the own)

Developer / declarant

C. Edwards & Company, Inc. (Original); DRB Group North Carolina, LLC (2023 Townhomes) (Original: 'Declarant' defined as 'C. Edw)

Governing law

North Carolina Planned Community Act, Chapter 47F, North Carolina General Statutes (2023 Declaration) (Article I, Section 1.1: 'Act means and r)

Assessments & dues

Original: Maximum initial annual assessment $50.00 per Lot. (Article IV, Section 3: 'the maximum annu)

Special assessments

May be levied for capital improvements with assent of 2/3 of each class of members. (Article IV, Section 4: 'special assessme)

Collections & liens

Assessments are a continuing lien on the property. Association may foreclose the lien or bring an action at law. Lien subordinate to first mortgages. Sale under foreclosure extinguishes prior assessments. (Article IV, Sections 1, 8, 9; Bylaws Art)

Signs & flags

Regulated: The document regulates or prohibits display of the flag of the United States, flag of North Carolina, and political signs. (Townhomes Declaration cover page: 'THIS )

Voting & meetings

Original: Class A (one vote per Lot) and Class B (Declarant, three votes per Lot). Class B converts to Class A when votes equal or on July 31, 2003. (Article III, Section 2: 'two classes of )

Amendments

Original: First 20 years by instrument signed by not less than 90% of Lot Owners; thereafter by 75%. Any amendment must be recorded. Townhomes: Not specified in provided text. (Article VI, Section 3 (Original): 'may b)

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