Parkside Condominium (NC)

Key facts from Parkside Condominium (NC)'s documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Preamble)

Legal name

Parkside Condominium Association, Inc. (Paragraph 1(a); Paragraph 7)

Governing law

North Carolina Unit Ownership Act (Article 1 of Chapter 47A of the North Carolina General Statutes) (Preamble; Paragraph 1)

Reserves & fees

Adequate reserve fund for periodic maintenance, repair, and replacement of all Common areas and facilities; maintained out of regular assessments for common expenses. (Paragraph 7(c))

Parking & vehicles

All parking garages and spaces are Common areas; Board may assign specific spaces. Minimum number of spaces per Unit prescribed by Raleigh City Code Section 10-2061(a)(1)b, if applicable. (Paragraph 15)

Voting & meetings

Based on percentage interest in Common areas and facilities as set forth in Exhibit C. (Paragraph 14(b); Exhibit C referenced)

Amendments

Amendment by vote of Unit Owners owning at least 75% of Common Interest, with prior written consent of their respective Mortgagees, and approval by Declarant if Declarant owns at least one Unit. Amendments changing percentage interests, vot (Paragraph 20)

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