The Division of the Property Into

Key facts from The Division of the Property Into's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (commercial units only) (Section 7.1: The six (6) Commercial Unit)

Legal name

Block 3 Condominium Owner's Association, Inc. (Section 1.1 and Article VIII)

Units / lots

1 (Lot 2) (Background Statement: The Land is identi)

Developer / declarant

Kannapolis B3L2, LLC, a North Carolina limited liability company (Opening paragraph and Section 1.9)

Governing law

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

Assessments & dues

each owner contributes equal percentage share of Common Expenses (Section 10.2, DOC 115441: [[PAGE 14]])

Insurance

Public liability insurance of at least $100,000 per occurrence; fire and casualty on personal property; copy filed with Association within 30 days (Section 11.7)

Voting & meetings

Each Unit is entitled to one (1) vote; if multiple owners, vote cast as a whole (Bylaws Section 4.9: each Member shall be)

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