Bailey’s Run

Key facts from Bailey’s Run's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned community under the North Carolina Planned Community Act (N.C. Gen. Stat. Chap. 47F) (Recital 3)

Legal name

Bailey's Run Homeowners Association, Inc. (Recital 4, Section 1.6)

Developer / declarant

Mattamy Carolina Corporation, a North Carolina corporation (Opening paragraph)

Governing law

North Carolina Planned Community Act, Chapter 47F, North Carolina General Statutes (Section 1.1)

Assessments & dues

Board adopts annual budget for Common Expenses; General Assessments levied equally against all Lots (with exceptions for Builders at 50% rate and Declarant exempt during Development Period) (Section 8.2)

Special assessments

Allowed for unbudgeted or excess expenses; allocated equally among Lots; effective unless disapproved by 67% of Class A votes and Declarant during Development Period; no meeting required except on petition (Section 8.4)

Collections & liens

Assessment lien attaches to Lot; priority over subsequent liens except real property taxes, municipal assessments, and first mortgages recorded before docketing of lien; enforcement via claim of lien in county clerk office; written demand r (Section 8.6)

Reserves & fees

Board may annually prepare reserve budgets and include amounts in General Assessment to meet projected needs (Section 8.3)

Pets

Yes; reference to 'removal of pets that are in violation of pet Rules' indicates pet rules exist (Section 4.3 (self-help example: 'the rem)

Leasing & rentals

Yes; Owner may lease Lot and assign rights to lessee (Section 2.1: 'An Owner who leases his or)

Parking & vehicles

Not specifically addressed; roads are part of Common Area until dedicated (Section 5.6 (Association may adopt Rules)

Architectural approval

Yes; Design Guidelines promulgated and administered pursuant to Article 9 (Section 1.17 (Design Guidelines), Articl)

Signs & flags

Document regulates or prohibits display of political signs (Required statement on page 763)

Maintenance

Not explicitly assigned; roof is part of Dwelling improvement, so Owner responsibility (Section 5.2 (Owner responsible for Lot m)

Insurance

Reasonable deductible allowed; Board may assess deductible amount against Owner(s) if loss due to negligence or willful misconduct (Section 6.1(a)(v))

Use restrictions

Implied: single family residence; but not explicitly stated as exclusive use (Section 1.19 (Dwelling defined as primar)

Voting & meetings

Two classes: Class A (all owners except Class B) one vote per Lot; Class B (Declarant) appoints board during Class B Control Period (Section 3.2)

Amendments

Not fully detailed; references to amendment in Article 15 not provided; but Article 7.5 states Article 7 (annexation) cannot be amended during Development Period without Declarant's written consent; Section 15.2 referenced (not in excerpt). (Section 7.5, Section 15.2 (mentioned but)

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