Chicod Landing Community Association

Key facts from Chicod Landing Community Association'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 (Chapter 47F) (Article I and Preamble)

Developer / declarant

D.R. Horton, Inc., a Delaware corporation (Preamble)

Governing law

Chapter 47F of the North Carolina General Statutes (the 'Planned Community Act') (Article I)

Assessments & dues

Board prepares annual budget at least 60 days before fiscal year; Base Assessments levied equally against all Lots (Section 9.3)

Special assessments

Allowed for unbudgeted or excess expenses; requires majority Board vote and Declarant consent during Declarant Control Period (Section 9.4)

Collections & liens

Unpaid assessments become a lien on the Lot when Association files a claim of lien; superior to all except prior recorded liens and governmental liens; subordination to first mortgages (Sections 9.2, 9.8)

Reserves & fees

Required for repair and replacement of capital assets (including Stormwater Control Facilities); separate reserve budget to be prepared (Sections 9.1, 9.3)

Leasing & rentals

Yes, but Association may require minimum lease term of six months and otherwise regulate leasing (Section 4.5.3)

Parking & vehicles

Only passenger pick-up trucks allowed; no explicit restriction on commercial vehicles but limited to passenger-type vehicles (Section 4.3.8 (licensed and operative ve)

Fences

Fences are structures requiring approval under Article V (Section 5.1 (includes fences))

Architectural approval

Yes, prior written approval required for any structure or thing placed on Lot or any improvements or exterior alterations (Sections 5.1 and 5.2)

Home business

Permitted ancillary to primary residential use, subject to Rules and Regulations and applicable laws (Section 4.1)

Maintenance

Owner responsible for repainting of all structures and repair of exterior damage (including roof) (Section 6.3 k, l)

Insurance

Deductible shall be a Common Expense unless loss due to negligence of Owner, then may be assessed as Specific Assessment (Section 7.1.4)

Use restrictions

Yes, with exceptions for Declarant model homes, sales offices, and home businesses ancillary to residential use (Section 4.1)

Voting & meetings

Two classes: Class A - one vote per Lot per Owner; Class B (Declarant) - 3 votes per Lot owned plus 1 vote per Lot owned by others. Class B ceases upon certain events. (Section 3.3)

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