Camp North End Master Condominium

Key facts from Camp North End Master Condominium's documents

Community type

Master Condominium (Background E: "this condominium is a 'ma)

Units / lots

2 Master Units initially (Master Unit 1 and Master Unit 3A) (Background C; Section 4.1; Sections 2.37)

Governing law

North Carolina Condominium Act (Chapter 47C of the North Carolina General Statutes) (Section 2.2; Background A; Section 1)

Assessments & dues

Board prepares annual budget; delivered to Owners at least 60 days before year; meeting for ratification; rejected only if over 80% of votes reject; if rejected or no budget, last budget continues (Section 10.6)

Special assessments

Board may levy special assessment at any time; notice to all Owners and Eligible Mortgage Holders (Section 10.8)

Collections & liens

Unpaid assessments become a continuing lien on the Master Unit; Master Association may foreclose lien; personal obligation of Owner (Section 10.2; Section 10.5)

Reserves & fees

Board may prepare capital reserve budget and set capital reserve contribution; not required (Section 10.9)

Fences

Not specifically mentioned; subject to architectural control

Architectural approval

Yes, for exterior construction or modifications to a Master Unit; approval by Architectural Design Committee (ADC) (Section 13.2; Section 13.3)

Maintenance

Master Association responsible for Common Elements (Area of Common Responsibility); Owner responsible for Master Unit (including interior) and limited common elements assigned to that Master Unit (Section 9.1.5; Section 8.4; Section 15 r)

Insurance

Deductible considered a maintenance expense; apportioned among affected parties if more than one Master Unit or Common Elements (Section 11.8)

Use restrictions

Not explicitly stated; commercial uses possible (e.g., Flea Market mentioned in Section 14.1(c)) (Section 14.1(c))

Voting & meetings

Each Owner entitled to vote per Master Bylaws; votes allocated based on Common Elements Interest (Section 7; Section 2.16)

Amendments

Section 22 (Amendment) referenced but text not provided; amendments require consent of Owners and Mortgagees as specified; examples given in Sections 5 and 8 (Section 22 (referenced in TOC); Sections)

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