Sea Pointe Condominium Unit Owners' Association, Inc.

Key facts from Sea Pointe Condominium Unit Owners' Association, Inc.'s documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Sea Pointe Condominium Owners’ Association (Section 3.2; Article 10)

Developer / declarant

Thatcher and Lloyd Inc., a North Carolina corporation (Preamble; Section 3.8)

Governing law

Chapter 47C of the General Statutes of North Carolina (Condominium Act) (Preamble; Article 1)

Special assessments

May be charged by Board of Directors for management/maintenance expenses in any fiscal year; may be paid in installments as determined by Board. (Section 24.6 (last paragraph))

Reserves & fees

Capital Improvement Fund may be established for replacement of and capital improvements to Common Elements; amount determined by Board; held in separate account. (Section 24.5)

Leasing & rentals

Yes, but subject to conditions: leases must be in writing, approved by Board, include tenant compliance clauses, and a copy provided to Association upon request. (Section 6.5)

Use restrictions

Each Unit shall be occupied and utilized only for single family residential purposes. (Section 6.1)

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