Stedman, NC HOA Rules: Assessment & Dues (2026)

24(g)(3), part of the mandatory covenants and restrictions for zero lot line and group developments, makes the homeowners association responsible for liability insurance, ad valorem taxes, maintenance of recreation and other common-area facilities, and assessments for public and private capital improvements benefiting the common areas. If the association defaults on paying taxes or public-improvement assessments for six months, each building-site owner becomes personally obligated for a share of the unpaid amount, calculated by dividing the total due by the number of building sites in the development.

An owner who does not pay within thirty days of receiving notice of the amount due faces a continuing lien on their building site that runs to their heirs, devisees, personal representatives and assigns, and the taxing or assessing authority may either sue the owner personally or foreclose the lien. 24(g)(4) separately empowers the association itself to levy assessments on building-site owners for the same categories of expenditure, and any assessment an owner does not pay becomes a lien on that owner's building site. The Town Attorney reviews the covenants creating this lien and assessment structure before they can be recorded, and the recorded book and page number must appear on the final plat under subsection i.