Bingham Trace

Key facts from Bingham Trace's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Association defined)

Legal name

Bingham Trace Homeowners Association, Inc. (Article I Section 3)

Developer / declarant

Agency Partners, L.L.C. and Hillcrest Partners, LLC (Introductory paragraph)

Governing law

North Carolina Planned Community Act (Chapter 47F) (Recitals and Article I Section 13)

Assessments & dues

Maximum $300 per Lot until December 31 of year first Lot conveyed; thereafter set by Executive Board with 20% annual cap without membership vote (Article IV Section 3(b))

Special assessments

Allowed for capital improvements with 2/3 vote of each class and Declarant consent during Development Period (Article IV Section 4)

Collections & liens

Assessment lien created upon recording claim of lien; may foreclose under power of sale (except if only fines) (Article IV Sections 1, 9, 11)

Reserves & fees

Required: Association shall establish and maintain adequate reserve fund for periodic maintenance, repair, replacement (Article IV Section 2(b))

Pets

Dogs, cats, other household pets for non-commercial purposes; no livestock, reptiles, or poultry (Article VII Section 4)

Leasing & rentals

Yes, but leases must be in writing for at least one year and subject to Declaration (Article II Section 6)

Fences

Must be approved; max height 6 feet; cannot extend beyond midpoint of side or min side yard setback; no chain link on Lots (Article VII Section 9)

Architectural approval

Yes, for any exterior alterations, improvements, fences, etc. (Article V Section 1)

Signs & flags

One 'For Sale' sign allowed; temporary signs max 72 hours; no nuisance signs (Article VII Section 7)

Setbacks / home size

1,800 sq ft for 1-1.5 story; 2,000 sq ft for 2 story, exclusive of one-story open porches and garages (Article VII Section 12)

Use restrictions

Yes, single-family residential only (Article VII Section 1)

Voting & meetings

Each Lot has one vote (Class A); Declarant (Class B) has three votes per unsold Lot until conversion (Article III Sections 1-2)

Amendments

Referenced in Article XI Section 3 (details not fully provided in excerpt) (Article XI Section 3)

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