Somerset Homeowners Association, Inc. (NC)

Key facts from Somerset Homeowners Association, Inc. (NC)'s documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Somerset Homeowners Association, Inc.) (Article I, Section 2)

Units / lots

Not specifically quantified; property is subdivided into lots shown on recorded plats. (Article I, Section 9 (definition of Lot))

Developer / declarant

Holden Road Properties, L.L.C., a North Carolina company (Preamble)

Governing law

North Carolina General Statutes (Article 2A of Chapter 45, Article 8 of Chapter 44 referenced for lien enforcement) (Article IV, Section 9)

Special assessments

May be levied for capital improvements or extraordinary maintenance with approval of two-thirds (2/3) of each class of members voting in person or by proxy. (Article IV, Section 4)

Collections & liens

Unpaid assessments become a lien on the Lot; Association may foreclose the lien pursuant to NC General Statutes. Lien is subordinate to institutional first mortgages and ad valorem taxes. (Article IV, Sections 9-10)

Reserves & fees

Board shall create and maintain a reserve fund for periodic maintenance, repair, and replacement of improvements to Common Properties. (Article IV, Section 5)

Pets

Dogs, cats, pet birds, or other household pets may be kept, but not for commercial purposes. Must be controlled per governmental ordinances and not a nuisance. (Article VII, Section 4)

Leasing & rentals

Not explicitly addressed; owners may delegate use of Common Properties to tenants (Article II, Section 3). No express restriction on leasing lots. (Article II, Section 3)

Architectural approval

All site preparation, construction, or installation of improvements (including buildings, fences, signs, landscaping, pools, etc.) require prior written approval of Declarant or Architectural Committee. (Article VI)

Home business

Occupant may work from home as a home office, provided goods or services are not offered to the general public on the premises. No trade materials, inventories, or equipment stored (except during construction). (Article VII, Section 7)

Setbacks / home size

Front: 35 ft from front property line (road right-of-way); side: 10 ft; rear: 30 ft; corner lots: 30 ft from either street line. Must also adhere to building envelope on recorded plat. Declarant may grant 10% variance if minimum governmenta (Article VIII, Section 2)

Use restrictions

Property shall be used for single-family residential purposes and incidental/accessory purposes only. Permanent Open Space must remain undeveloped. (Article VII, Section 2)

Amendments

During first 20 years: by Declarant or by 90% of Lot Owners. Thereafter: by 75% of Lot Owners. Declarant may amend without member approval for certain purposes (annexation, error correction, compliance with law, etc.). (Article XIII, Sections 3-4)

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