Cannon Run

Key facts from Cannon Run's documents

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

Legal name

Cannon Run Homeowners Association, Inc. (Article I, Definitions, “Association”, p)

Developer / declarant

Pulte Home Company, LLC, a Michigan limited liability company (Declaration, p.1 (introductory paragraph)

Governing law

North Carolina Planned Community Act (N.C.G.S. Chapter 47F) (Statement of Declaration, p.2)

Special assessments

May be levied for construction, reconstruction, repair of Common Elements. During Declarant Control Period need only Declarant approval; after termination require 67% vote of Members. (Article V, Section 5.4, p.16)

Collections & liens

Unpaid assessments and related charges become a continuing lien on the Lot, superior except for tax liens, first mortgages, and deeds of trust to Declarant. Association may foreclose under Chapter 45 or by power of sale. (Article V, Section 5.7, pp.17-18)

Reserves & fees

Association may establish and maintain reserve funds for periodic maintenance, repair, replacement of Common Elements and/or Roadways, funded from assessments. (Article III, Section 3.4, p.8)

Voting & meetings

Two classes: Class A (Owners other than Declarant) – one vote per Lot owned; Class B (Declarant) – one vote per Lot owned plus four votes per Lot owned by Class A Members. Class B ceases upon recorded termination, Declarant no longer owns a (Article IV, Section 4.2, p.9)

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