Eagle Rock Cove

Key facts from Eagle Rock Cove's documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned community (HOA) (Art II Sec 1)

Governing law

North Carolina Planned Community Act (Chapter 47F of the North Carolina General Statutes) (Art I Sec 1)

Assessments & dues

Not fixed; determined by annual budget (Art III Sec 1, 5)

Special assessments

Requires assent of 2/3 of votes cast (in person or proxy) at meeting with 60% quorum; subsequent meeting quorum 1/2 of required (30%). Notice 30-60 days. (Art III Sec 9)

Collections & liens

Assessment constitutes a lien on the Lot; may be foreclosed via power of sale similar to deed of trust; Association may appoint trustee; trustee fee 5% of higher of tax assessed value or sale price. (Art III Sec 1, Sec 8, Sec 11(a))

Reserves & fees

General reserve fund for periodic maintenance, replacement, repair of Common Elements; general operating reserve for financial stability. (Bylaws Art VI Sec 3(ii) and (iii))

Pets

Implied; animals are permitted but must not run unleashed through the Development. (Art IV Sec 16)

Leasing & rentals

Not generally addressed; accessory buildings cannot be rented without consent. (Art IV Sec 5)

Parking & vehicles

Must be stored in garage or well-screened enclosure approved by Developer. (Art IV Sec 12)

Fences

Must be approved; no unsightly fences; not interfering with vision at roads/driveways; no fence obstructing sight lines at intersections. (Art IV Sec 10(d), Sec 13)

Architectural approval

Yes, for all improvements. Plans must be submitted to Developer (during Control Period) or Association. (Art IV Sec 2)

Home business

Private home offices allowed if pre-approved by Association and does not increase pedestrian or vehicular traffic. (Art IV Sec 1)

Signs & flags

One sign of max 10 sq ft, top not more than 5 ft above ground, installed parallel to and within 20 ft of street right-of-way, not within 5 ft of right-of-way; only until Lot sold. Developer signs unrestricted. (Art IV Sec 15)

Setbacks / home size

As per applicable zoning requirements. (Art IV Sec 7)

Maintenance

Association responsible for common elements, private roads, stormwater system; Owner responsible for Lot and shared driveways (equal share). (Art V Sec 2, Sec 5; Art VI)

Insurance

Not explicitly required, but Board shall insure Common Elements and liability. (Bylaws Art IV Sec 3(i), Sec 5)

Use restrictions

All lots shall be used solely for single-family residential purposes. No business or commercial activity permitted without prior written consent. (Art IV Sec 1)

Voting & meetings

One vote per Lot; if multiple owners, they collectively have one vote (Art I Sec 11; Bylaws Art II Sec 3)

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