Hyde Park II Condominium

Key facts from Hyde Park II Condominium's documents

Community type

condominium (Article I, Section 1.10)

Developer / declarant

HPSSMC, LLC, a North Carolina limited liability company (Opening paragraph)

Governing law

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

Assessments & dues

Not set; assessments begin when the Board elects (Article VI, Section 6.3: 'Assessments wi)

Special assessments

authorized by Board (Section 6.1 (implied))

Collections & liens

Assessments are a lien on the Unit; may be foreclosed and Unit sold, or money judgment obtained (Article VI, Section 6.1)

Reserves & fees

not explicitly stated, but common expenses include allocations to reserves (Definition 1.8) (Section 1.8)

Pets

Not unless permitted by rules and regulations adopted by Board; otherwise no pets, animals, livestock or poultry (Article V, Section 5.23)

Leasing & rentals

Yes, but requires prior consent of Board (not unreasonably withheld); lease must be in writing and subject to Declaration (Article V, Section 5.7)

Parking & vehicles

Limited Common Element parking in front of each unit (20 ft deep); max 3 vehicles; must be occupied; no overnight unless unit occupied; boats, trailers, commercial vehicles (except pickups/SUVs ≤1 ton) prohibited outside; parking areas not (Section 2.6(b), 5.25)

Architectural approval

For exterior alterations: requires consent of all Unit Owners and Declarant (Declarant/Association Permitted Improvements). For common element alterations: prior written consent of Board. Interior non‑load‑bearing alterations do not require (Article II, Section 2.5(c); Section 2.5()

Home business

Allowed with restrictions: customer/client visits limited to monthly average of 5 per business day; max 3 employees in Unit at one time (Article V, Section 5.26(c))

Signs & flags

Declarant may place signs on Common Elements during Declarant Control Period; Unit signs require written approval of Declarant or Board; no 'For Sale' or 'For Rent' signs without consent; no banners, billboards, etc. except as reserved by D (Article V, Section 5.5)

Maintenance

Association (exterior portions of buildings, including roof, per Section 7.3; roof is a Common Element per Section 1.7) (Article VII, Section 7.3; Article I, Sec)

Insurance

Association shall procure and maintain insurance on Condominium Property; Article VIII includes Casualty Insurance, Public Liability Insurance, Fidelity Coverage, Condominium Master Policy (Article VII, Section 7.1(c); Article VII)

Voting & meetings

Each Unit Owner is a Member; total votes = 100; each Unit's votes equal its percentage of undivided interest in Common Elements (Article II, Section 2.8)

Amendments

Article XIII – Binding Effect and Amendment (not fully provided); amendments may be required for boundary changes (Section 2.5(a)), and for certain other purposes. (Article XIII; Article II, Section 2.5(a))

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