602 Tennessee Avenue Condominiums

Key facts from 602 Tennessee Avenue Condominiums's documents

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

Community type

Condominium ("602 Tennessee Avenue Condominiums")

Legal name

602 Tennessee Avenue Condominiums Owner's Association (Art. I.D)

Developer / declarant

SRP 2011-3, LLC (“THIS DECLARATION, made this 30th April,)

Governing law

North Carolina Condominium Act, Chapter 47C of the North Carolina General Statutes (Art. I.A)

Assessments & dues

Based solely upon monthly estimated expenses for hazard, wind and hail, and flood insurance (Art. VIII: “Initial dues are based solel)

Collections & liens

Assessments when unpaid create a lien in favor of the Association (per NCGS Ch.47C & 47A). Lien subordinate to first mortgage. Mortgage foreclosure extinguishes the lien for assessments that first became due prior to such sale or transfer. (Art. VIII: “Assessments against unit own)

Architectural approval

Unanimous approval of both owners required for any building, fence, wall, structure, or exterior addition/change on Common Area or Limited Area. (Art. IX.A: “No building, fence, wall or )

Use restrictions

Each unit occupied only by a family, servants, and guests, and used as a residence only. (Art. III.A: “Each of the units shall be )

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