Chandler Ridge

Key facts from Chandler Ridge's documents

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

Community type

HOA (planned residential community) (Section 1.1, Article 4)

Developer / declarant

COVERED WAGON LLC (Covered Wagon Development) (Opening paragraph and Section 2.17)

Governing law

North Carolina Planned Community Act, N.C.G.S. § 47F-1-101, et seq. (Section 1.1)

Assessments & dues

$600.00 annually per Lot beginning January 1, 2024 (initial rate) (Section 6.2.2)

Special assessments

Requires vote of >50% of votes allocated to affected Lots, plus Declarant consent during control period (Section 6.3)

Collections & liens

Lien after 30 days delinquency; judicial foreclosure; superior to all but taxes and first mortgages (Section 6.6)

Reserves & fees

Budget must include reasonable contribution to reserve fund for repair and replacement of capital items (Section 6.2.1)

Leasing & rentals

Yes, but Association may restrict leasing of multiple Lots by same owner and require minimum lease term up to 12 months; may require use of approved lease forms (Section 7.4.8)

Architectural approval

Yes; no structure or exterior alteration without compliance with Article 8 and Design Guidelines (Section 8.1)

Home business

Not explicitly addressed; but Association may prohibit activities not normally associated with residential use (Section 7.4.6)

Signs & flags

Political signs: allowed but may be regulated; cannot be displayed earlier than 45 days before election or later than 7 days after; size and number may be regulated subject to Act limitations (Section 7.4.4)

Maintenance

Not explicitly; but owner responsible for Lot improvements? See Section 9.1 (Not provided)

Insurance

Deductible treated as Common Expense unless loss caused by negligence/willful misconduct of Owner, then assessable to that Owner as Specific Assessment (Section 5.3.2)

Use restrictions

Planned residential community; activities not normally associated with residential use may be prohibited (Section 1.1, 7.4.6)

Voting & meetings

Class A: one vote per Lot; Class B: appoint board during Declarant Control Period and consent rights (Section 4.3)

Amendments

Article 17: Declarant may amend unilaterally until control period ends; thereafter by membership vote (Article 17)

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