Whitestone Condominium

Key facts from Whitestone Condominium's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I)

Legal name

Whitestone Condominium Homeowners Association, Inc. (Article X, page 15)

Developer / declarant

John Kavanagh Company, a North Carolina corporation (Declaration opening, page 5)

Governing law

Chapter 47C of the General Statutes of North Carolina (North Carolina Condominium Act) (Article I, page 6)

Special assessments

Special assessments are allowed (Article XXVI.D). (Article XXVI.D, page 24)

Reserves & fees

Capital Improvement Fund established; reserves for replacement of major structures. (Article XXVI.I, page 24-25)

Leasing & rentals

Initial term of at least 30 days unless prior written approval of Executive Board. (Article XI, page 16)

Signs & flags

Declarant has right to display advertising signs on Common Elements during sales period. Association may regulate signs; otherwise not specified. (Article XII.A, page 17)

Use restrictions

Each Unit is restricted to residential use by the Owner. No transient hotel or commercial purposes. (Article XI, page 16-17)

Amendments

Amendment requires approval of Unit Owners to which are allocated at least 80% of Allocated Interests (including 80% of non-declarant interests) and at least two-thirds of holders of first mortgages/deeds of trust. Some amendments require u (Article XXIX.A, D, page 31-32)

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