Cranberry Ridge, Phase II, Sections 2 & 3, Homeowners Association, Inc.

Key facts from Cranberry Ridge, Phase II, Sections 2 & 3, Homeowners Association, Inc.'s documents

Community type

Homeowners Association (not condominium) (Definition of Association and references)

Units / lots

Section Two: Lots 32-60 (29 lots) and Lots 94-108 (15 lots) = 44 lots; Section Three: per Exhibit A (not fully listed but map references); also includes Lot 112 as non-buildable stormwater lot (excluded from Declaration) (Exhibit A of Section Two; Article I Sect)

Developer / declarant

Vicus Development, LLC for Section Two; Novam Domum, LLC for Section Three (Declarant definition in respective Artic)

Governing law

Chapter 47F of the North Carolina General Statutes (Article II (both declarations))

Age restriction

Not present (Not stated)

Assessments & dues

Initial Annual Assessment $100.00 per Lot (Article IV Section 3 (both declarations))

Special assessments

Allowed; becomes lien on Lot; may cover owner non-compliance costs, negligence, judgments against (Article IV Section 6 (both declarations))

Collections & liens

Unpaid assessments become a lien on the Lot; Association may foreclose like mortgage/deed of trust, including power of sale; subordinated to first mortgage (Article IV Sections 8, 9 (both declarati)

Reserves & fees

Surplus assessments may fund reasonable reserve account for future capital expenses (Article IV Section 11 (both declarations)

Pets

Dogs, cats or other usual household pets allowed subject to conditions (Article VII Section 19 (Section Two), Ar)

Leasing & rentals

Section Two: rentals allowed only with prior approval of Declarant or Association, which may be withheld for any reason. Section Three: not constructed/maintained primarily for rental; no mention of approval process; Section Three: no signs (Article VII Section 1 (Section Two and S)

Parking & vehicles

Max three motor vehicles in driveway at any time; No trucks/vans > 3/4-ton or heavy commercial vehicles; No commercial landscaping equipment; Vehicles only on paved surfaces; No inoperable/unlicensed vehicles; No vehicle repair (Article VII Section 13 (Section Two), Ar)

Fences

Fences require prior written consent; also subject to easement restrictions (no structure in utility easements) (Article VII Section 3 (both declarations)

Architectural approval

Yes, no construction of any structure or improvement shall commence until plans and specs submitted to Declarant or Association and approved in writing (Preamble before Article I and Article VI)

Home business

Allowed if compliant with city ordinances, no interference, no customer/client visits, no delivery traffic; Declarant may maintain sales office during development (Article VII Section 12 (Section Two), Ar)

Setbacks / home size

Main residence: min 20 ft front, 8 ft side, 15 ft side street, 20 ft rear; Declarant/Association may reduce side to 5 ft and side street to 10 ft with City approval (Article VII Section 4 (both declarations)

Maintenance

Owner responsible for own hazard insurance and rebuilding; Association insures improvements in Open Space/Common Area (Article IV Section 10 (both declarations)

Insurance

Association obtains insurance on Open Space/Common Area improvements: fire/hazard (full replacement cost), broad-form public liability; may include vandalism (Article IV Section 10 (both declarations)

Use restrictions

Each lot to be used only for residential purposes; dwellings intended for occupancy by resident Owners only; not primarily for rental (Article VII Section 1 (Section Two: requ)

Voting & meetings

One vote per Lot owned; when multiple owners, they determine how vote cast but only one vote per Lot (Article III Section 2 (both declarations)

Amendments

During declarant control, Declarant may unilaterally amend to exercise development rights, alleviate difficulties, reflect economic changes, complete development. After control, amendment requires instrument signed by owners entitled to at (Article VIII Section 4 (both declaration)

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