The Retreat at Cameron Commons

Key facts from The Retreat at Cameron Commons's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community subject to the North Carolina Planned Community Act (N.C.G.S. Chapter 47F) (Statement of Declaration, page 923)

Developer / declarant

Lennar Carolinas, LLC, a Delaware limited liability company (Preamble, page 922)

Governing law

North Carolina Planned Community Act (N.C.G.S. Chapter 47F) (Statement of Declaration, page 923)

Assessments & dues

Set by Board. During Declarant Control Period, no maximum; after, maximum is previous year's assessment plus 10% per year without vote. (Section 5.3, pages 936-937)

Special assessments

Allowed; after Declarant Control Period requires approval by Members holding at least 67% of votes appurtenant to all Lots then subject to Declaration. During Declarant Control Period, only Declarant approval needed. (Section 5.4, pages 937-938)

Collections & liens

Unpaid assessments, with interest, costs, and attorneys' fees, constitute a continuing lien on the Lot. Association may enforce by filing lien and foreclosing in same manner as mortgage foreclosure under Chapter 45 of NC General Statutes, o (Section 5.7, pages 938-939)

Reserves & fees

Association may establish and maintain reserve funds for periodic maintenance, repair, replacement of Common Elements and/or Roadways, and unanticipated expenses. (Section 3.4, page 930)

Signs & flags

Political signs regulated or prohibited (Cover page)

Insurance

Premiums and deductibles paid as Common Expense; if caused by Owner's negligence or intentional act, charged to that Owner as Special Individual Assessment. (Section 7.2, page 943)

Voting & meetings

Two classes: Class A Members (Owners, one vote per Lot); Class B Members (Declarant and AG, four votes per Class A Lot plus votes for Lots they own). Class B terminates when Declarant and AG no longer own any portion of the Property or Addi (Section 4.2, pages 930-931)

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