Grandin Heights Townhomes

Key facts from Grandin Heights Townhomes's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title: DECLARATION OF CONDOMINIUM FOR GR)

Developer / declarant

HC GRANDIN HEIGHTS TOWNHOMES, LLC, a North Carolina limited liability company (Opening paragraph)

Governing law

North Carolina Condominium Act (Chapter 47C of the North Carolina General Statutes) (Background Statement, Section 1.17)

Assessments & dues

Each Owner contributes an equal percentage share equal to the Common Elements Interest; due dates established by Association, collected at least monthly (Section 10.2)

Special assessments

Bylaws grant Association the right to impose special assessments and individual Unit assessments against Owners (Section 10.2: "The Bylaws grant the Asso)

Collections & liens

Any sum assessed remaining unpaid for 30 days or longer constitutes a lien on the Unit upon filing; enforceable per N.C.G.S. §47C-3-116 (Section 8.2)

Reserves & fees

Common Expenses include allocations to reserves (per definition in N.C.G.S. §47C-1-103(5)) (Section 1.6: "together with any allocati)

Pets

Common household pets permitted (Section 7.9)

Leasing & rentals

Leases permitted in writing, subject to Condominium Documents (Section 7.7)

Parking & vehicles

two parking spaces as Limited Common Elements; no boat, RV, camper, trailer; no significant auto repair; Association may tow violators at owner's expense (Section 5.6, Section 7.6)

Home business

Home office allowed provided it does not create regular customer/client traffic and no business sign visible outside Unit (Section 7.1)

Maintenance

Roof is part of Common Elements; maintenance by Association (Section 5.1(e): "The foundations, roofs,)

Insurance

Commercially reasonable deductible not exceeding $10,000 (Section 11.1: "with a commercially reaso)

Use restrictions

All Units shall be used for single-family residential purposes only; home office allowed if no regular customer traffic and no sign (Section 7.1)

Voting & meetings

Voting rights shall be allocated equally among all Units (not based on Common Elements Interest) (Section 1.5: "shall not be used to deter)

Amendments

Generally requires 67% of Owners and 51% of Mortgagees; unanimous consent of all Owners and Mortgagees required for changes to Common Elements Interest percentages, increase in number of Units, change of Unit use restrictions, changes to Un (Article XIV, Section 14.1, 14.2)

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