Dilworth Terrace Condominium

Key facts from Dilworth Terrace Condominium's documents

Community type

Condominium

Legal name

Dilworth Terrace Condominium

Developer / declarant

Dilworth Terrace Development, LLC (Preamble)

Governing law

North Carolina Condominium Act (Chapter 47C) (Preamble and Section 1.17)

Assessments & dues

Common Expenses allocated per Common Elements Interest (50% based on unit count, 50% on square footage) (Section 5.3 and Section 1.5)

Collections & liens

Association has lien for unpaid assessments; subordinate to first mortgage; foreclosure of first lien extinguishes prior unpaid assessments but not future assessments (Section 8.2)

Pets

Common household pets only, max weight 100 lbs, max 2 per unit (excluding fish), no commercial purposes (Section 7.8)

Leasing & rentals

Leases permitted, must be in writing and subject to Condominium Documents; copy and tenant info to Association within 10 days of commencement (Section 7.6)

Parking & vehicles

Parking only in Parking Facility; 24 Parking Spaces, each unit may use up to 2, no assigned spaces; handicap space on first-come basis (Section 5.6 and Section 7.5)

Architectural approval

Plans and specifications for any building, landscaping, fence, wall, structure, exterior addition or change to Unit or Common Elements must be submitted to and approved in writing by Executive Board as to harmony of external design and loca (Section 7.12)

Home business

Allowed for home office by residents if no regular customer/client traffic and no sign visible outside unit (Section 7.1)

Maintenance

Roof is Common Element (Section 5.1(d)), therefore Association responsibility (Section 5.1(d))

Use restrictions

All Units shall be used for single-family residential purposes only (Section 7.1)

Voting & meetings

allocated equally among all Units (Section 1.5)

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