Fairfield Mountains Property Owners Association

Key facts from Fairfield Mountains Property Owners Association's documents

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

Community type

HOA (Property Owners Association) (Preamble, Article I(C))

Governing law

North Carolina General Statutes (implied by state and enforcement provisions) (Article XI, Section 10 (reference to Cha)

Assessments & dues

Initially $240 per Lot or Living Unit ($20/month). Developer: $100/month. (Article III, Section 2(B); Article XI, S)

Special assessments

May be levied for capital improvements or acquisition of recreational facilities, etc. Requires affirmative vote of 51% of Regular Members voting in person or by proxy at a meeting with 30 days written notice. Developer Members not subject. (Article XI, Section 5 (as amended by Thi)

Collections & liens

Unpaid assessments become a continuing lien on the property. P.O.A. may foreclose, and reasonable attorney's fees and costs are added. Lien is subordinate to first mortgage. (Article XI, Sections 2, 10, 11)

Reserves & fees

Interest at 6% per annum on delinquent assessments. (Article XI, Section 10)

Fences

Fences require ACC approval. Detailed specifications required in plot plan (size, materials, location). (Protective Covenants 11 (A)(2)(d))

Architectural approval

ACC must approve or disapprove within 30 days after submission of plans; otherwise approval not required. (Article XIII, Section 1)

Setbacks / home size

Not to exceed two and one-half (2 1/2) stories. (Protective Covenants 5)

Insurance

Not explicitly stated. However, P.O.A. may pay taxes and insurance on common properties from assessments. (Article XI, Section 3 (purpose of assess)

Use restrictions

Residential lots shall be used only for residential purposes (or with ACC permission for non-profit civic uses). Single Family Detached is permitted regardless of plat designation. (Protective Covenants 4 and 5)

Voting & meetings

Each Regular Member in good standing has one vote per lot or living unit owned. Developer holds a majority of board seats during control period. (Article III, Section 2(G) as amended by )

Amendments

Majority vote of P.O.A. members voting (in person or by proxy) plus adoption by Developer. Must be in writing and recorded. (Article XVI, Section 5 as amended by Sec)

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