Hillsdale Farm

Key facts from Hillsdale Farm's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned community (Recitals: "conform and comply to the req)

Governing law

North Carolina Planned Community Act (Chapter 47F of the General Statutes of North Carolina) (Article I, Section 13)

Assessments & dues

Maximum $300 per Lot until December 31 of year of first Lot conveyance; thereafter set by Executive Board, can increase up to 20% per year without vote, unlimited with 2/3 vote (Article IV, Section 3(b))

Special assessments

Yes, for capital improvements; requires 2/3 vote of each class (and Declarant consent during Development Period); fixed at uniform rate for all Lots; may be collected monthly (Article IV, Section 4)

Collections & liens

Association may file claim of lien and foreclose in same manner as deeds of trust under NCGS Article 2A of Chapter 45; cannot foreclose under power of sale if debt consists solely of fines, interest on fines, or attorneys' fees solely for f (Article IV, Sections 9, 11)

Reserves & fees

Association shall establish and maintain adequate reserve fund for periodic maintenance, repair, replacement of Common Element improvements, funded from regular assessments (Article IV, Section 2(b))

Pets

Yes, dogs, cats, other household pets not used for breeding or commercial purposes (Article VII, Section 4)

Leasing & rentals

Yes, with written lease of at least 1 year; lease must be subject to Declaration, Articles, Bylaws; lessee failure to comply is lease default (Article II, Section 6)

Parking & vehicles

Trucks/vans >8,000 lbs allowed only if used for Owner's primary occupation; no tractor trailers (Article VII, Section 3)

Fences

ARC approval required; no fence nearer to front street than midpoint of side of residence, nor nearer to side street than minimum side yard setback; max height 6 feet; chain link perimeter fences not permitted on Lots (allowed on Common Ele (Article VII, Section 9)

Architectural approval

Yes, for any improvement, alteration, repair, change in paint color, excavation, change in grade, planting, landscaping, modification of driveways, exterior decoration, etc.; exceptions: native plant landscaping not interfering with sight l (Article V, Section 1)

Home business

Not allowed except Declarant's temporary sales office (Article VII, Section 1)

Signs & flags

One "For Sale" sign; one temporary yard sale sign max 72 consecutive hours; no sign deemed a nuisance; Declarant may erect signs during Development Period (Article VII, Section 7)

Setbacks / home size

2,000 square feet total main structure, excluding one-story open porches and garages (Article VII, Section 12)

Use restrictions

Yes, each Lot for single-family residential purposes only; except Declarant may use as sales office (Article VII, Section 1)

Voting & meetings

One vote per Lot (Class A Members); Declarant (Class B) gets three votes per unsold Lot until Class A votes exceed or 20 years from recording; voting by proxy allowed (Article III, Sections 1-2)

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