Sea Ridge Property Owners

Key facts from Sea Ridge Property Owners's documents

Reflects the 1977 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (HOA) (Bylaws Art. I, II; Articles of Incorpora)

Units / lots

44 lots (Sea Ridge Lots 1-40 + Osprey Section 1 Lots 1-4) (Bylaws Art. I)

Governing law

North Carolina General Statutes Chapter 55A (Nonprofit Corporation Act) (Bylaws Art. II Sec.1; Articles of Incorp)

Assessments & dues

Board prepares budget, assessments set based on actual/estimated costs. Changes must be approved by majority of Owners present at regular meeting (or as provided in Bylaws). Notice of change at least 30 days prior. (Declaration (1997 Amendment) Art. 1 Sec.)

Special assessments

Board may levy special assessments for capital improvements, unexpected repairs, or other purposes deemed appropriate, without membership approval. (Declaration (1997 Amendment) Art. 1 Sec.)

Collections & liens

Unpaid assessments (including interest, costs, attorney fees) become a continuing lien on the property. Association may foreclose lien, bring action at law. Lien subordinate to first deeds of trust recorded prior to claim of lien. (Declaration (1997 Amendment) Art. 1 Sec.)

Reserves & fees

Board may establish and maintain a reasonable reserve fund for maintenance, repair, replacement, emergency repairs, and contingencies. (Declaration (1997 Amendment) Art. 1 Sec.)

Pets

Yes, household pets only. (Original Declaration Sec.2; Amended Decl)

Parking & vehicles

Passenger vehicles: allowed temporarily with owner authorization, limited to portion adjacent to owner's lot. Non-passenger vehicles: never allowed on street, even temporarily. (1997 Amendment (Book 1126) Sec.17.1(b); )

Fences

Fences are structures requiring ARC approval. (Original Declaration Sec.3 (refers to fe)

Architectural approval

Yes, any building, fence, or structure must have written approval of plans by Sea Ridge Corporation (or successors). Also approval for exterior alterations, antennas, earth-moving. Approval may be refused on any ground including purely aest (Original Declaration Sec.3)

Signs & flags

Originally 'No advertising signs or posters other than a sign advertising property for sale or rent.' As amended: 'No signs or posters of any nature shall be placed on said lots without written permission of Sea Ridge Corporation, its succe (Original Declaration Sec.2; Amended Decl)

Maintenance

Owners maintain their lots and structures. Association maintains common properties (roads, rights-of-way, open spaces). Association may also maintain roadways, pathways, trails not conveyed to it. Assessments fund common expenses. (Declaration (1997 Amendment) Art.1 Sec.1)

Use restrictions

Yes, all lots for residential purposes only. (Original Declaration Sec.1)

Voting & meetings

Each lot carries one vote, co-owners share one vote. Must be in good standing (assessments current) to vote. (Bylaws Art. II Sec.4, Sec.6)

Amendments

Declaration may be amended by Association (successor to Sea Ridge Corporation's rights) without consent of lot owners. For termination: before end of initial 20 years or subsequent 10-year term, instrument signed by owners of majority of lo (Original Declaration Sec.10, Sec.11; 199)

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