Biltmore Village

Key facts from Biltmore Village's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Biltmore Village Condominium Association, Inc. (Amendment, first paragraph; Article I De)

Governing law

North Carolina Condominium Act, Chapter 47C of the North Carolina General Statutes (Article I, Definitions, under "Act")

Age restriction

Not present

Assessments & dues

Not set in document; established by Board pursuant to budget (Article VI, Section 6.2)

Collections & liens

Delinquent assessment after 30 days becomes a lien when filed; can be foreclosed; costs and attorneys fees added (Article VI, Sections 6.4 and 6.5)

Reserves & fees

Board shall establish and maintain adequate reserve funds for periodic maintenance, repair, replacement of Common Elements and operating contingencies (Article VI, Section 6.2: "establishment )

Pets

Not explicitly addressed

Leasing & rentals

Yes, subject to conditions (as amended) (Amendment, Section 1: "a Unit Owner may )

Parking & vehicles

Not explicitly addressed; Village Lane is mentioned in property description

Architectural approval

Yes, for any construction, painting, changes to exterior or any portion of Condominium, including Limited Common Elements; plans must be approved in writing by Board for harmony of design (Article X, Section 10.1)

Home business

Not explicitly addressed; noxious activities prohibited, but not a blanket ban on businesses (Article X, Section 10.9: "Noxious or off)

Maintenance

Not explicitly stated; roof is likely Common Element (exterior of building) so Association responsibility

Insurance

All-Risk insurance (Special Form) for all insurable improvements (except tenant improvements) at full replacement value; fidelity coverage; comprehensive public liability insurance ($2,000,000 minimum combined single limits) (Article VIII, Section 8.1)

Use restrictions

Implied; no explicit statement but use restrictions refer to "community of congenial Owners" and prohibit nuisances, transient leasing (Article X, preamble)

Amendments

Must comply with Act (N.C. Gen. Stat. 47C-2-117) and Article XI; requires vote or written agreement of Unit Owners with at least 67% of votes (as per Amendment recitals); Declarant may unilaterally amend for development rights or to comply (Amendment, recitals; Declaration Article)

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