Bynum Farms Homeowners Assoiation

Key facts from Bynum Farms Homeowners Assoiation's documents

Community type

Covenant / Planned Community

Legal name

Bynum Farms Homeowners Assoiation

Developer / declarant

BRITT DEVELOPMENT CO. OF ARCHDALE, LLC

Governing law

North Carolina Planned Community Act (Chapter 47F of the North Carolina General Statutes) (Art. I, Section 8)

Assessments & dues

Maximum annual assessment until January 1, 2026: $600 per Class A Lot. (Art. V, Section 3(a))

Special assessments

Allowed for unbudgeted expenses, capital improvements, etc., with same ratification process as annual assessment (Art. V, Section 3(b)). (Art. V, Section 4)

Collections & liens

Unpaid assessments (plus interest, late charges, attorneys' fees) are a lien on the Lot. After 90 days of nonpayment, Association may foreclose. Lien subordinate to first mortgage. (Art. V, Sections 1, 9, 10)

Reserves & fees

Late charge as established by Board for payments not made within 10 days after due date. (Art. V, Section 9)

Pets

Yes; domesticated dogs, cats, and small non-offensive household pets may be kept. Not for breeding or commercial purposes. (Art. VIII, Section 10)

Leasing & rentals

Yes, Owner may lease or sublet Lot. (Art. VIII, Section 20)

Parking & vehicles

Prohibited except pick-up trucks or passenger vans. (Art. VIII, Section 11)

Architectural approval

Yes, for improvements after occupancy – plans and specifications must be submitted to Architectural Review Committee (ARC) and approved in writing. For initial construction, approval by Declarant required. ARC shall be appointed by Board af (Art. VI; Art. VIII, Section 3)

Home business

Home business use ancillary to primary residential use is permitted, subject to rules and regulations and applicable laws. (Art. VIII, Section 2)

Signs & flags

Political signs allowed: one sign up to 24x24 inches, not placed earlier than 45 days before election, removed within 7 days after. No other signs on Lots. No signs on Common Area without Association consent. Declarant/builder may erect sig (Art. VIII, Section 15)

Voting & meetings

Two classes: Class A – 1 vote per Lot (non-Declarant owners); Class B – Declarant gets 3 votes per Lot it owns plus 1 vote per each Lot owned by others. Simple majority unless otherwise specified. (Art. IV, Section 4)

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