Forest Lake Clt

Key facts from Forest Lake Clt's documents

Reflects the 2026 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (Homeowners Association) – single-family detached houses (Background Statement; Statement of Decla)

Developer / declarant

Bond Stone Holdings, LLC, a North Carolina limited liability company (Opening paragraph)

Governing law

North Carolina Planned Community Act (N.C.G.S. Chapter 47F) and the North Carolina Non-Profit Corporation Act (Statement of Declaration; Art. I definit)

Assessments & dues

Set by Board each year; during Declarant Control Period no maximum; after control, maximum annual increase is 10% over prior year's maximum, can be increased above that by majority vote of owners. (Art. V Section 5.3(c))

Special assessments

May be levied for construction/reconstruction/repair of Common Elements. During Declarant Control Period, need only Declarant approval. After control period, requires approval of 67% of votes of Lots subject to declaration. (Art. V Section 5.4)

Collections & liens

Assessments (including interest, late charges, attorneys' fees) are a continuing lien on the Lot, superior except for ad valorem taxes, first mortgages, and deed of trust to Declarant. May be enforced by foreclosure under power of sale or j (Art. V Section 5.1, 5.7)

Reserves & fees

Association may establish and maintain reserve funds for periodic maintenance, repair, replacement, and unanticipated expenses. Collected from assessments. (Art. III Section 3.4)

Fences

Not detailed in excerpt; fences are subject to ARC approval (included in 'fences, hedges, walls and other structures'). (Art. IX Section 9.1)

Architectural approval

Yes – No improvements (including site preparation, change in grade, buildings, fences, hedges, walls, landscaping, tree cutting) may be commenced without prior written approval from the Reviewer (Declarant during control period; later Board (Art. IX Section 9.1)

Signs & flags

This document regulates or prohibits the display of political signs and the display of the flag of the United States of America or State of North Carolina (specific provisions not in excerpt). (Cover page (first paragraph of text))

Maintenance

Owner responsibility (as part of House maintenance); Association may repair if Owner fails and charge as Special Individual Assessment. (Art. VIII Section 8.2(j)-(k); implied)

Insurance

Board may set commercially reasonable deductibles; deductibles caused by owner's negligence or intentional act charged to owner as Special Individual Assessment. (Art. VII Section 7.2)

Use restrictions

Implied by 'single-family detached Houses' and 'residential community' (Background Statement)

Voting & meetings

Two classes: Class A (Owners) – one vote per Lot; Class B (Declarant) – one vote per Lot owned plus four votes per each Lot owned by a Class A Member. Class B membership terminates upon recording of termination, end of Declarant Control Per (Art. IV Section 4.2)

Amendments

Not detailed in excerpt; referenced in 'subject to certain rights of amendment' in Statement of Declaration. (Statement of Declaration (page 270))

Amenities

Not enumerated in provided text; Common Elements may include unimproved open spaces, Natural Areas, etc. (Art. III Section 3.5, 4.11)

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