Why do we need a King’s Grant Homeowner’s Association?

Answer: The developers deemed an Association desirable “for the efficient preservation of the values and amenities in [King’s Grant]”.

A Homeowner's Association:

• Has more influence when representing the neighborhood to outside groups or local government. 
• Continuously monitors issues of concerns to residents and works with them and others to resolve them. 
• Helps property owners and homeowners safeguard property values. 
• Informs owners of important neighborhood issues or issues external to the neighborhood that may affect King's Grant.
• Provides an additional means for the city and county to inform King's Grant of new developments before official written notifications are mailed out. This gives the KGHOA and its members more time to react. Examples of early 'warning' of new developments could include requests for State Environmental Impact Statements (SEPAs) and hearing notices regarding new roads or propose zoning changes.
• Is an information resource for property owners and residents of King's Grant.

Question: Who currently are members of the King’s Grant Homeowners Association?

Answer: All lot owners in sections IIA, and III thru VII are automatically members of the KGHOA. In addition, we have several homeowners from Sections I and II who have voluntarily joined KGHOA.

Question: What will the KGHOA do for me that the neighborhood watch Association is not already doing?

Answer: Both are concerned maintaining quality of life in King's Grant. The Neighborhood Watch operates independently of the KGHOA and is concerned primarily with a crime free and safe neighborhood. The HOA is concerned with a safe neighborhood as well but is also concerned with maintaining property values, the aesthetic appeal of the neighborhood, issues beyond the scope of a Neighborhood Watch Association, and the overall quality of our neighborhood.

Question: What happens I want to opt out; or quit from the association?

Answer: If you are a property owner in Sections IIA, and III through VIII, you are automatically a member of the Homeowner's Association, under the provisions of the Covenants and may not opt out. If you are a homeowner in Sections I or II who is not automatically a member of the Association but has voluntarily joined the KGHOA, you may terminate your membership by notifying the Board of Directors who will remove your name from the membership file at the end of your paid assessment period

Question Why have covenants for a neighborhood?

Answer Covenants are created by the developer and provide interlocking relationships that bind owners for the purpose of maintaining and governing the neighborhood. Covenants are useful in establishing protective standards and restrictions for all property owners, which range from architectural control to prohibition of activities that degrade the community. Overall, these restrictions promote harmony and help a community maintain the aesthetic character

Question >How do I get a copy of the covenants?

Answer Every homeowner or property owner should have received a copy of the covenants and guidelines at the time of closing. A copy of all covenants is on file at the courthouse and is accessible through the internet at:
http://www.kingsgrantnc.com/kgcov.php

Annual Assessments Question What are annual “assessments?”

Answer Assessments are the financial obligation property owner accepted, explicitly or implicitly, when they purchased their lot in King's Grant. In our case, the restrictive covenants the developers put in place at the time sections of King's Grant were being built, determined the amount of the initial annual assessment for the Homeowners Association and provisions for increasing the annual assessment should it become necessary to do so.

Question Why are assessment or membership dues necessary?

Answer Membership dues provide operating revenue to communicate with members, pay for maintenance of selected grounds, welcome baskets for new residents, postage and costs associated with general membership meetings or elections; and improvements to the community such as the park/playground on Burnside or the park on Iverleigh Circle.

Question So what happens if I do not pay my annual assessment?

Answer Residents who do not pay their assessments are not cheating some faceless entity—they are shortchanging their neighbors, community and themselves. Our Covenants both give the authority to collect assessments from members and take action when assessments are not paid. If you fail to pay delinquent amounts, your account will be assessed a monthly account maintenance fee until the assessment is paid in full. After due diligence in trying to collect the delinquent assessment, the association will file a Lien against your property for failure to pay association assessment as specified in the covenants.

Question How are annual assessments determined?

Answer At this time, the annual assessment is $130. The covenants allow increases in the assessment, but these are limited to 10% per year and are not automatic. The Board must vote to raise the annual assessment.

Question>Are KGHOA assessments tax deductible?

Answer Homeowners association fees are considered personal living expenses and are not tax-deductible

KGHOA Committees

Question What committees does the KGHOA have?

Answer At this time, active committees are the Hospitality Committee, Communications Committee and the Nominating Committee. Committees under development are Architectural Review and Security. The next two committees to be developed will be the Finance and Grounds/Maintenance Committees. Ad hoc committees may be appointed for any special events the KGHOA might sponsor. In addition, the Board may likely need a Parks and Recreation Committee after SRW transfers properties to consider costs and feasibility of a park. Question How do I get involved? Answer First, become a member of the KGHOA if you are not already a member. Next, contact the Board of Directors and volunteer.

Can I ‘opt out’; or quit the association?

Short answer: You cannot if you are a property owner in Sections IIA, and III through VII. You are automatically a member of the Homeowner’s Association, under the provisions of the Covenants and you may not quit the HOA. Covenants were created by the developer and provide interlocking relationships that bind owners for the purpose of maintaining and governing the neighborhood. Covenants are useful in establishing protective standards and restrictions for all property owners, (HOA or not). These range from architectural control to prohibition of activities that degrade the community. Overall, these restrictions promote harmony and help a community maintain the aesthetic character