Sycamore Farms

Key facts from Sycamore Farms's documents

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

Community type

Planned Community (HOA) (Recitals, Article 1.1 'Act' definition r)

Units / lots

not_specified (No explicit count; Exhibit A reference)

Developer / declarant

GARDEN PARK DECLARANT, LLC, a Georgia limited liability company (Page 2, first paragraph)

Governing law

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

Assessments & dues

Board adopts budget; budget is mailed to members with notice of meeting; budget ratified unless disapproved by majority of Total Association Vote at meeting. (Section 4.3) (Section 4.3)

Special assessments

Up to 25% of general assessment may be levied without Owner approval; above that requires 2/3 of Total Association Vote and Declarant consent. (Section 4.5)

Collections & liens

Unpaid assessments are a lien on the Lot; Association may file claim of lien and foreclose like a mortgage under power of sale (Art 2A Ch 45 NCGS) or judicially (for fines and admin fees). After 90 days delinquency, may initiate foreclosure (Sections 4.2, 4.9)

Reserves & fees

Budget may include capital contributions or reserve per capital budget. (Section 4.3 ('which may include a capita)

Pets

Reasonable number as determined by Board (Section 7.6)

Leasing & rentals

Yes – leasing for single-family residential occupancy is not considered a business. (Section 7.2 ('Leasing of a Lot for singl)

Parking & vehicles

Parking only in appropriate areas; garages required; garage doors kept closed (Section 7.5(a)-(b))

Fences

Not specific; must be approved under architectural guidelines. (Section 6.1 (fencing requires approval))

Architectural approval

Yes – Declarant (or after transition, Board) must approve all exterior construction, alterations, additions. (Sections 6.1, 6.7)

Home business

Allowed if within dwelling, not apparent from exterior, does not increase traffic, complies with zoning, consistent with residential character, and does not involve door-to-door solicitation. (Section 7.2)

Signs & flags

The document regulates or prohibits display of political signs (stated on first page). Specific restrictions not in provided text. (Page 1: 'THIS DOCUMENT REGULATES OR PROH)

Maintenance

Owner (part of dwelling maintenance). (Section 5.2(a)(x))

Use restrictions

Each Lot shall be used for single-family residential purposes exclusively. (Section 7.2)

Voting & meetings

One vote per Lot owned; multiple owners determine how vote is cast; voting rights may be suspended for non-payment or infractions. (Section 3.2)

Amendments

Declaration amendment: not fully detailed in excerpt; Bylaws amendment by Board with Declarant consent for certain purposes, or by 2/3 Total Association Vote plus Declarant (Bylaws Section 6.5)

Amenities

Community recreational facilities, entry features, green spaces, private streets, sidewalks, mailbox area (listed in Section 5.1). Specific amenities not detailed. (Section 5.1)

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