Edgewater Trace

Key facts from Edgewater Trace's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision (Article V, Section 1)

Units / lots

18 (initial phase; additional phases possible) (WHEREAS clause: 'All of Lots 1 through 1)

Developer / declarant

David Greer Construction, Inc. (First paragraph)

Governing law

N.C.G.S. 47F (North Carolina Planned Community Act) (Preamble)

Assessments & dues

Not fixed; set annually by Board of Directors (Article IV, Section 3)

Special assessments

For capital improvements: requires assent of two-thirds (2/3) of votes of each class of members; for insurance: additional annual assessment levied equally (Article IV, Sections 4 and 5)

Collections & liens

Assessments are a lien on the property; Association may foreclose on the lien or bring action at law (Article IV, Sections 1 and 8)

Reserves & fees

Interest accrues at 14% per annum after 30 days past due (Article IV, Section 8)

Pets

Yes, dogs, cats, and other household pets (Article V, Section 6)

Leasing & rentals

Yes, but subject to rules and regulations (Article V, Section 15)

Parking & vehicles

Tractor-trailer trucks or cabs and similar are prohibited on lots (Article V, Section 9)

Fences

Max height 5 feet; must be wood stained to match house; no closer to front lot line than rear corner of dwelling; no stucco, chain-link, or wire fence (Article V, Section 5)

Architectural approval

Yes, for any building, fence, wall, structure, exterior addition or alteration; approval by Declarant or its committee (Article V, Section 2)

Home business

Prohibited in accessory buildings; no noxious/offensive activity; no business normally conducted in accessory buildings (Article V, Section 2(A) and Section 9)

Signs & flags

One temporary sign of not more than 5 square feet for sale or under construction only; no 'For Sale' signs on vacant property; Declarant signs exempt (Article V, Section 4)

Setbacks / home size

Not explicitly specified; fence setback rule only (Article V, Section 5)

Maintenance

Owner maintains lot; Association maintains common area, drainage easements, and roads (Article IV, Section 2; Article V, Sectio)

Insurance

Association shall keep common property insured against fire and other hazards at 100% replacement cost, plus public liability insurance (Article IV, Section 5)

Use restrictions

Yes, except for Association-owned common area and amenities (Article V, Section 1)

Voting & meetings

Two classes: Class A (one vote per lot for all owners except Declarant); Class B (Declarant receives three votes per lot owned, until 90% lots conveyed or Dec 31, 2012) (Article III, Section 2)

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