Colton Ridge of Indian Trail Homeowner's Association, Inc.

Key facts from Colton Ridge of Indian Trail Homeowner's Association, Inc.'s documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowner's Association (HOA) (Recitals)

Units / lots

267 (as referenced in voting rights) (Section 8.03)

Developer / declarant

R.D.H. OF UNION, LLC, a North Carolina limited liability company (Recitals)

Assessments & dues

$300 per Lot for first assessment year (July 1, 2000 – December 31, 2000). Thereafter set by Board. (Section 9.05)

Special assessments

Board may levy for capital improvements; if exceeds 5% of budgeted gross expenses, requires majority vote. Also special assessment as remedy for non-compliance (no vote needed). (Sections 9.06 and 9.07)

Collections & liens

Unpaid assessments become a lien upon recording notice of assessment. Lien may be foreclosed under North Carolina law. (Section 9.01)

Reserves & fees

Board shall adopt a budget to provide reserves for Common Area replacements and maintenance (other than ordinary maintenance). (Section 9.04)

Pets

Yes, dogs, cats, and other household pets allowed (not for commercial purposes). (Section 7.08(A))

Leasing & rentals

Yes, Owners may lease entire Lot. Leases for less than entire Lot prohibited. (Section 4.03(B))

Architectural approval

Yes, for any building, pool, fence, wall, solar panel, antenna, deck, patio, or other structure or improvement on a Lot. Requires written approval from Board or architectural control committee. (Section 13.01)

Signs & flags

One professionally manufactured sign up to 5 sq ft for sale/rent allowed on Lot, visible from outside. Seasonal decorations permitted. Declarant may erect signs. (Section 7.04)

Setbacks / home size

Building shall not be located nearer to street line than setback lines shown on recorded map. For corner lots, front lot line is the street line with significantly shorter frontage. (Section 7.12)

Maintenance

Association maintains Common Area, Recreational Common Area, signage, irrigation, lighting, street medians. Owner maintains Lot, improvements, and drainage facilities. (Sections 6.01 and 6.02)

Use restrictions

Each Lot shall be used solely for single family residence. No business, commercial, manufacturing, mercantile, or group home/halfway house use. (Section 7.01)

Voting & meetings

Two classes: Class A (all Owners except Declarant and Builder) – one vote per Lot; Class B (Declarant) – three votes per Lot owned, up to 267 Lots. Builders become Class A 120 days after certificate of occupancy. (Section 8.03)

Amendments

Declaration may be terminated after 20 years by vote of 75% of Voting Power and 75% of Mortgagees. Otherwise auto-renewed for 10-year periods. Other amendments as specified in Sections 4.08, 7.21, etc. (Section 2.03)

Amenities

Recreational Common Area includes swimming pool, pool house, parking lot, sand volleyball court, tennis court, picnic areas, and trails. (Section 4.10)

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