Seaside Landing Condo

Key facts from Seaside Landing Condo's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Seaside Landing, A Condominium

Developer / declarant

Seaside Landing Partners, LLC (Preamble)

Governing law

Chapter 47C, North Carolina General Statutes (North Carolina Condominium Act) (Preamble and Article One(8))

Assessments & dues

Board of Directors establishes an Annual Budget in advance each fiscal year; assessment is based on that budget. Budget includes operating expenses, contingencies, reserves. (Article Eight E)

Special assessments

Board may levy special assessment for: (1) insurance premium increase, (2) construction, reconstruction, repair or replacement of Common Elements, (3) as aid in funding special assessment, POA may assign right to future income. (Article Eight C)

Collections & liens

Unpaid assessment becomes a lien when filed of record. Lien foreclosable like mortgage under power of sale (Article 2A, Chapter 45 NCGS). Lien priority: prior to all other liens except prior recorded mortgages/deeds of trust and tax liens. (Article Eight J)

Reserves & fees

Annual Budget includes reasonable allowance for contingencies and reserves. Any surplus funds after payment of Common Expenses and prepayment of reserves shall be used for future operating expenses and/or placed into reserve account. (Article Eight E, Article Nine)

Pets

Up to two household pets may be kept in Units subject to Board rules. Specific breeds prohibited: Rottweilers, Doberman Pinschers, Pit Bulls, Weimaranas, snakes and any other exotic creature are not considered household pets and are prohibi (Article Twenty-Three E)

Leasing & rentals

Rentals/leases allowed, but minimum term of 30 consecutive days. (Article Twenty-Three A)

Architectural approval

Nothing shall be altered or constructed in or removed from the Common Elements except with prior written consent of the Board of Directors. (Article Twenty-Three G)

Maintenance

Unit owners: maintain interior, air conditioning/heating equipment (including compressors, ducts, wiring, pipes), utility fixtures from point of entry, interior surfaces (painting, decorating, furnishings). POA: maintains Common Elements (i (Article Thirteen and Article Seven A)

Insurance

For loss to Common Elements: deductible paid as Common Expense. For loss to a Unit: deductible paid by affected Unit Owner(s). For combined loss: paid pro rata based on loss amounts. (Article Twenty-Three J)

Use restrictions

All Units are limited to residential use. Rentals or leases of less than 30 consecutive days are not allowed. (Article Twenty-Three A)

Voting & meetings

Each unit has one vote in the POA. Allocated Voting Interest is 1 per unit. (Article Five: 'The Allocated Voting Inte)

Amendments

Amendment by affirmative vote or written agreement of two-thirds (2/3) of votes in the POA, except for amendments to exercise Development Rights or as permitted by NCGS 47C-2-117. (Article Seventeen)

Amenities

Swimming pool, hot tub, equipped exercise room, meeting/party room, pier, floating dock, temporary boat slips. (Article Eighteen)

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