Eighty Peachtree Condo Nettlewood Assoc

Key facts from Eighty Peachtree Condo Nettlewood Assoc's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article 1: 'Condominium' definition; Art)

Legal name

Eighty Peachtree Condominium

Developer / declarant

Nettlewood Associates, LLC (Opening recital and definition in Sectio)

Governing law

North Carolina Condominium Act (Chapter 47C of the North Carolina General Statutes) (Section 1.1 definition of 'Act')

Assessments & dues

Board of Directors prepares an estimated budget at least 30 days before annual meeting; annual Assessment is set based on that budget; if inadequate, further assessment with 2/3 vote of Owners (Section 6.2)

Special assessments

Allowed for capital improvements with affirmative vote of Owners having at least two-thirds of the total Vote (Section 6.4)

Collections & liens

Unpaid Assessment becomes a lien when filed; Association may foreclose (Section 6.5)

Reserves & fees

Board of Directors shall establish and maintain an adequate reserve fund for periodic maintenance, repair, replacement of Common Elements and for operating contingencies (Section 6.2.7)

Voting & meetings

Each Unit's vote weight is proportional to its square footage relative to total square footage of all Units (Section 3.9 and 3.10; Bylaws?)

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