South Main Homeowners Association Inc

Key facts from South Main Homeowners Association Inc's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Homeowners Association) (Section 1.7: Association means South & M)

Units / lots

At least 153 (Lots 1–129 Townhome, Lots 130–153 Single Family) (Section 2.2)

Governing law

North Carolina Planned Community Act (N.C. Gen. Stat. Chap. 47F) (WHEREAS clauses)

Assessments & dues

Not fixed; set annually by Board budget (Section 4.3)

Special assessments

Requires 2/3 vote of Members present in person or by proxy at a duly called meeting (Section 4.4)

Collections & liens

Unpaid assessments become a lien on the Lot; Association may foreclose; lien subordinate to first mortgages (Sections 4.7 and 4.8)

Reserves & fees

Association may establish and maintain a reserve fund for periodic maintenance, repair, replacement of Common Area improvements (Section 4.10)

Leasing & rentals

Yes, subject to terms and conditions (Section 5.15)

Parking & vehicles

Prohibited if Visible from Neighboring Property (Section 5.6(B))

Architectural approval

Yes, for external design, appearance, and use of Property; all improvements require approval (Section 3.4 and Section 5.2)

Home business

Permitted if in accordance with applicable municipal ordinances for home business in residential districts (Section 5.1)

Signs & flags

Regulated or prohibited (statutory statement); no specific rule in Declaration (Preliminary statement: THIS DOCUMENT REG)

Use restrictions

Yes, all Lots improved and used only for Residential Use (Section 5.1)

Voting & meetings

Class A: one vote per Lot per Owner; Class B: 150 votes per Lot for Declarant and Designated Builders (Section 3.7)

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