Corey Ridge Homeowners Association

Key facts from Corey Ridge Homeowners Association's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision (Article VI Section 1: 'No lot shall be u)

Legal name

Corey Ridge Homeowners Association, Inc. (Article I Section 1)

Units / lots

56 (estimated: 25 original + 31 added) (See above)

Developer / declarant

Charis Properties, LLC (Declarant definition, Article I Section )

Governing law

North Carolina General Statutes (implicitly) (State of North Carolina, Pitt County)

Assessments & dues

Maximum initial $50.00 per originally platted lot per year (CCR Article IV Section 3)

Special assessments

For capital improvements, requires 2/3 vote of each class (CCR Article IV Section 4)

Collections & liens

Assessment is a continuing lien on the lot; Association may foreclose lien or bring personal action; lien subordinate to first mortgage; foreclosure extinguishes prior assessments (CCR Article IV Section 1, 8, 9)

Reserves & fees

Interest of 18% per annum (CCR) or 8% per annum (Bylaws) – conflict; Bylaws say 8%, CCR says 18% (CCR Article IV Section 8; Bylaws Article)

Pets

Yes, limited to no more than two domesticated dogs and cats, and small non-offensive harmless household pets (CCR Article VI Section 9)

Parking & vehicles

Not explicitly prohibited but likely restricted by RV/boat prohibition on street (CCR Article VI Section 11)

Architectural approval

Yes, prior approval of building plans, exterior paint, color schemes, materials by Declarant or designees; also landscaping and plot plan approval (CCR Article VI Section 3)

Signs & flags

Only one sign of not more than 8 square feet advertising property for sale, or signs by builder/developer/Realtor during construction and sale; no yard or lawn ornaments in front yard (only in rear yard) (CCR Article VI Section 15)

Setbacks / home size

As shown on recorded plat; no building within 10 feet of side lot line except detached garage or outbuildings 100 feet or more from front line (CCR Article VI Section 6)

Maintenance

Owners maintain their lots; Association maintains common area (landscaping, etc.) and common elements (CCR Article VI Section 16, Bylaws Articl)

Insurance

Board may procure and maintain hazard insurance on buildings standing on lots on the properties (Bylaws Article VI Section 1(f) and Section 2(e): hazard insurance on property owned by Association and liability insurance) (Bylaws Article VI Section 1(f) and 2(e))

Use restrictions

Lots shall be used for residential purposes only (CCR Article VI Section 1 and Section 2)

Voting & meetings

Class A: one vote per lot owned; Class B (Declarant): three votes per lot owned until conversion when Class A votes equal Class B, no later than June 1, 2009 (CCR Article III Section 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.