Deer Creek Meadows

Key facts from Deer Creek Meadows's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Gateway Corner Condominium

Developer / declarant

JIMISH QUICKEL, LLC, a North Carolina limited liability company (Preamble)

Governing law

North Carolina Condominium Act, Chapter 47C of the North Carolina General Statutes (Article I, Section 1.1)

Assessments & dues

Board has power to levy assessments for Common Expenses; assessments begin when Board elects (Article VI, Section 6.1, 6.3)

Collections & liens

Yes, assessment liens may be foreclosed; lien imposed if unpaid more than 30 days (Article VI, Section 6.1; Article IX, Sec)

Pets

Generally not allowed unless rules and regulations provide otherwise (Article V, Section 5.18)

Leasing & rentals

Yes, with prior Board consent (not to be unreasonably withheld) for non-Declarant owners; Declarant may lease without Board consent (Article V, Section 5.6)

Parking & vehicles

Parking areas for temporary parking only; no vehicle storage, repair, maintenance, or sales; no obstruction of stairs, entrances, hallways, parking areas, walkways (Article V, Section 5.8)

Home business

Commercial use permitted; but retail shops restricted to services offered by licensed trade or business; uses must be 'first class' and reputable (Bylaws Art XII, Section 12.1(d)(ii))

Maintenance

Association responsible for Common Elements maintenance and repair; Unit Owner responsible for Unit maintenance and repair; cost of Limited Common Elements maintenance assessed to units served (Article VII, Sections 7.1, 7.2, 7.3)

Insurance

Casualty insurance at least 80% replacement cost; public liability at least $2M per occurrence (Article VIII, Sections 8.1, 8.2)

Use restrictions

Commercial purposes only; no residential use (Article V, Section 5.3; Bylaws Art XII, )

Voting & meetings

Each Unit entitled to one vote per Unit; votes equally allocated (Article II, Section 2.6)

Amendments

Declaration may be amended by 67% of Unit Owners; except amendments altering common interest, number of units, boundaries, or use require 100% of affected owners and mortgagees; during Declarant Control Period, Declarant consent required; a (Article XIII)

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