Riverbluff Condominium Association, Inc.

Key facts from Riverbluff Condominium Association, Inc.'s documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Part II, Article I, Section 2 – condomin)

Legal name

RiverBluff Condominiums

Units / lots

300 (maximum); 18 initially (Article I Section 4 (max), Section 5 (in)

Developer / declarant

River Bluff Partners, LLC

Governing law

Chapter 47C of the North Carolina General Statutes (North Carolina Condominium Act) (Opening recital and Part II, Article I, )

Assessments & dues

Initial monthly assessments ranging from $125 to $160 per unit; see Exhibit B-1 (Exhibit B-1)

Special assessments

Requires assent of majority of owners of at least 67% allocated interest in Common Elements (Article III Section 4 (last paragraph))

Collections & liens

Lien on unit when unpaid for 30 days or longer; may be foreclosed like a mortgage (Article III Section 2)

Leasing & rentals

Impliedly allowed; owner may delegate right of enjoyment to tenants subject to rules (Article II Section 8)

Parking & vehicles

Not allowed except within enclosed garage (Article VI Section 7)

Architectural approval

Approval by Executive Board and Declarant for any building, fence, wall, or other structure or exterior change (Article V)

Use restrictions

All Units are intended and designed for occupancy for residential purposes (Article VI Section 1)

Voting & meetings

1 vote per heated square foot per unit; votes cannot be split among joint owners (Articles of Incorporation Article VI, Cl)

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