Hudson Street Condo

Key facts from Hudson Street Condo's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I, Section 1.1)

Legal name

Hudson Street Condominium Association, Inc. (Article II, Section 2.3 (Association def)

Developer / declarant

HUDSON STREET COTTAGES, LLC, a North Carolina Limited Liability Company (Preamble; Article II, Section 2.3 (Decla)

Governing law

North Carolina Condominium Act, Chapter 47C of the North Carolina General Statutes (Preamble; Article II, Section 2.1)

Assessments & dues

By the Board of Directors in accordance with the budget; each Unit Owner pays a proportional share based on Common Element Interest (Exhibit E). (Article VII, Section 7.3; Article VIII, )

Special assessments

Not explicitly mentioned; however, Common Expenses include all lawful expenditures and the Board may levy assessments. (Article II, Section 2.3 (Common Expenses)

Collections & liens

Board may file a lien against a Unit if assessments remain unpaid for more than 60 days. Purchaser may be jointly liable for unpaid assessments up to time of recordation. (Article VIII, Section 8.6(b) and (a))

Reserves & fees

Replacement Reserves are established as Common Expense assessments for future replacement of Common Elements. (Article II, Section 2.3 (Replacement Res)

Pets

Yes – dogs, cats, or other household pets. (Article VI, Section 6.3.E)

Leasing & rentals

Yes, but with restrictions. (Article VI, Section 6.6)

Parking & vehicles

Prohibited between 12:00 a.m. and 6:00 a.m. for certain vehicles; otherwise not explicitly addressed. (Article VI, Section 6.3.M (prohibits boa)

Architectural approval

Yes – for alterations to Common Elements, exterior of Units, Limited Common Elements, and structural additions/alterations. (Article VI, Section 6.3.K; Article VIII,)

Maintenance

Roof is part of Shared Limited Common Elements of Residential Units (Building) and maintained by Association. (Article IV, Section 4.4(a); Article VIII)

Use restrictions

Units (other than Parking Units) shall be used only as a single-family residence. Parking Units only for parking of motor vehicles (except a portion for storage). (Article VI, Section 6.3.A)

Voting & meetings

Residential Unit Owners and Land Unit Owners vote on all matters; Parking Unit Owners vote only on Parking Issues. A Parking Issue is any matter directly concerning the parking garage or parking units that does not materially affect Land/Re (Article VII, Section 7.2)

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