Main Street

Key facts from Main Street's documents

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

Community type

homeowners association (HOA) (Recitals paragraph 3; Association is Mai)

Legal name

Main Street Homeowners Association, Inc. (Section 2.4)

Developer / declarant

LONG RIDGE DEVELOPMENT & PROPERTIES, LLC, a North Carolina limited liability company (First page, Declarant)

Governing law

North Carolina Planned Community Act, N.C.G.S. 47F-101 et seq. (Section 1.3)

Special assessments

Requires consent of 50%+1 of votes of Members at meeting (in person or proxy). Board may levy Special Assessment up to $500 per Lot per year by unanimous vote without Member vote. (Section 6.4)

Collections & liens

Delinquent Assessments become a continuing lien on Owner's Home after filing claim of lien with Clerk of Superior Court. May be foreclosed like a mortgage. Personal obligation remains. (Section 6.9(a))

Reserves & fees

Board may set schedule of late fees if Assessment not paid within 30 days after due date. (Section 6.9(b))

Pets

Yes, common household pets (dogs, cats). Maximum 2 pets per Home unless otherwise approved by Board. No livestock or poultry. No commercial breeding. Dogs must be leashed outside Home. Owner must clean up droppings. No pet runs, dog houses, (Section 5.8)

Fences

Fences prohibited in front yards; may not extend past front facade on side yards. Subject to ACC approval for location, style, materials, color, height. Temporary construction fences permitted. (Section 5.15)

Insurance

Each Owner must maintain property insurance covering 100% replacement cost of Home, and liability insurance in reasonable amounts, both with waiver of subrogation against Association, Declarant, other Owners. (Section 7.2)

Use restrictions

Homes shall be used only for single-family residential purposes except for sales center, office, construction trailer or model home used by Declarant or builder with prior written permission. (Section 5.1)

Voting & meetings

Two classes: Class I – Owners of Lots/Homes (1 vote per Home); Class II – Declarant (5 votes per Home owned). Class II ceases on first to occur of voluntary relinquishment or end of Declarant Control Period. (Section 3.2)

Amendments

Owner/Member initiated: requires affirmative vote of at least 67% of Members (including Declarant if owns Lots). Amendment to restrict leasing requires 100% vote. Must be recorded. During Declarant Control Period, no Member-initiated amendm (Article Eleven)

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