Cordera

Key facts from Cordera's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (HOA) (Statement of Purpose and Article III, Se)

Legal name

Cordera Homeowners' Association, Inc. (Statement of Purpose, p.2; Article I, Se)

Developer / declarant

Niblock-Richardson Development II, LLC (Preamble)

Governing law

North Carolina Planned Community Act (Chapter 47F of the General Statutes) (Statement of Purpose, p.2; Article I, Se)

Assessments & dues

$950 per year for 2026, paid semi-annually $475 (Article V, Section 6 and Section 10(iv))

Special assessments

Yes, for capital improvements on Common Area, including roadways; also for SCM obligations (Article V, Section 7)

Collections & liens

Lien for unpaid assessments after 30 days; foreclosure action allowed (Article V, Section 1 and Section 11)

Reserves & fees

Association shall establish a Reserve Fund equal to 5% of the sum of amounts described in Article V, Section 2 for unanticipated expenses (Article V, Section 2(b), p.21-22)

Architectural approval

Yes, for any improvements, including fences, walls, landscaping, tree cutting, exterior alterations (Article VI, Section 3)

Signs & flags

Regulated per N.C.G.S. 47F-3-121(2); political signs (Notice on page 1)

Insurance

Deductible treated as Common Expense unless loss caused by owner's negligence, then assessed to that owner (Article IV, Section 6 (last paragraph be)

Use restrictions

Single-family residences (Statement of Purpose (exclusive resident)

Voting & meetings

Class A (Owners except Declarant/Builder): 1 vote per Lot; Class B (Declarant/Builder): 3 votes per Lot (Article IV, Section 2)

Amendments

During Development Period, Declarant's prior written consent required for any amendment; after, per Planned Community Act (Article III, Section 4)

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