Colinwood Homeowners Association, Inc.

Key facts from Colinwood Homeowners Association, Inc.'s documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Article I, Section 1)

Legal name

COLINWOOD HOMEOWNERS ASSOCIATION, INC.

Developer / declarant

Floyd Properties and Development, Inc. (First paragraph)

Governing law

Chapter 47A of the North Carolina General Statutes (Article X, Section 4)

Assessments & dues

Maximum $250.00 per lot until January 1 of year following first lot conveyance (Article V Section 3(a))

Special assessments

May be levied with assent of two-thirds of each class of members voting at a meeting (Article V Section 11)

Collections & liens

Assessments, fines, costs, and attorney's fees are a continuing lien on the property; Association may bring action at law or foreclose the lien. Lien subordinate to first mortgage and ad valorem taxes. (Article V Sections 1, 8, 9, 10)

Reserves & fees

Interest at 12% per annum from due date for any assessment not paid within 30 days after due date (Article V Section 9)

Pets

Only common pets; no animals or poultry of any kind except common pets (Article III Section 8)

Parking & vehicles

Prohibited (Article III Section 9)

Architectural approval

Approval required for any building, fence, wall, or other structure, and for any exterior color, exterior addition, change or alteration; also for grading and landscaping plans (Article III Section 4; Article VII)

Home business

Prohibited; no noxious, offensive or commercial trade or activity, including daycares (Article III Section 7)

Signs & flags

Only 'For Sale' signs not exceeding 2 sq ft, not more than 4 ft above ground, fastened to stake, limited to one per property; Declarant may remove non-compliant signs (Article III Section 14)

Use restrictions

Lots may be developed as traditional single-family residences; only one residence or dwelling per lot (Article III Section 1)

Voting & meetings

Class A: one vote per lot; Class B: Declarant entitled to 60 votes per lot (CC&R) or 29 votes per lot (Articles). In Articles: Class B gets 29 votes per lot. Bylaws do not specify votes. (Article VI Section 2; Articles of Incorp)

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