City Port Condominium Owners Association Inc

Key facts from City Port Condominium Owners Association Inc's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 1, 'DECLARATION OF CITY PORT CONDOM)

Developer / declarant

Duke Partners Limited Partnership, a North Carolina Limited Partnership (Paragraph 1, first sentence)

Governing law

Chapter 47C of the North Carolina General Statutes (North Carolina Condominium Act) (Paragraph 1, first paragraph)

Assessments & dues

Board prepares budget and determines common charges allocated by unit's common interest percentage (By-Laws Article VI Section 1; Declaratio)

Collections & liens

Unpaid assessments are a continuing lien on the unit; Association may foreclose; lien subordinate to first mortgage recorded before assessment due; foreclosure of first mortgage extinguishes pre-sale assessment liens (Declaration Paragraphs 9, 11)

Reserves & fees

Greater of $20.00 or 10% of the payment (Declaration Paragraph 9)

Pets

Yes, dogs, cats, other household pets allowed (Declaration Paragraph 12 (sixth bullet))

Leasing & rentals

Yes, with written lease; minimum term 6 months (Declaration Paragraph 12 (last bullet))

Insurance

Each owner must obtain: fire, casualty, extended coverage on unit and personal property; public liability: residential at least $500,000 per occurrence; commercial at least $1M per occurrence, $2M aggregate; policies must waive subrogation (Declaration Paragraph 19)

Voting & meetings

One vote per unit; Voting Member may be unit owner or designated proxy; non-cumulative voting for directors (By-Laws Article II Sections 8, 10)

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