Crescent (NC)

Key facts from Crescent (NC)'s documents

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

Community type

Condominium (Throughout)

Legal name

Gateway Corner Condominium Owners’ Association, Inc. (Article 1.3)

Developer / declarant

JIMISH QUICKEL, LLC, a North Carolina limited liability company (Preamble)

Governing law

North Carolina Condominium Act, Chapter 47C of the North Carolina General Statutes (Article 1.1)

Special assessments

Permitted (Bylaws 8.7)

Collections & liens

Assessments constitute a lien on the Unit; enforceable by foreclosure under N.C.G.S. §47C-3-115/116 (Article 6.1, 9.2)

Reserves & fees

Allocations to reserves included in Common Expenses (Article 1.7; Bylaws 8.6)

Home business

Units shall be used for commercial purposes only; residential use prohibited (Article 5.3)

Signs & flags

Name plate ≤24 sq in on main door; one exterior sign per unit in designated cabinets (limited common element); no 'For Sale'/'For Rent' signs without prior written consent; Declarant may maintain advertising signs during control period (Article 5.5)

Voting & meetings

One vote per Unit equally allocated (Article 2.6; Bylaws 3.6)

Amendments

Requires written joinder of not less than 67% of Unit Owners; amendments affecting interest, boundaries, use require affected owners' consent; no amendment during Declarant Control Period without Declarant joinder (Article XIII)

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