Rodanthe Sunset Resort Unit Owners Association

Key facts from Rodanthe Sunset Resort Unit Owners Association's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I, Section 1.1 and Declaration b)

Units / lots

Phase One: 6 residential units; Phase Two: up to 27 residential units; Phase Three: up to 4 commercial units. Total potential up to 37. (Declaration background (Pages 1-2 of Dec)

Governing law

North Carolina Condominium Act (Chapter 47C of the North Carolina General Statutes) and North Carolina Non-profit Corporation Act (Article I, Section 1.2; Declaration prea)

Collections & liens

Assessments are a lien against the Unit. May be accelerated after two consecutive installment defaults. Lien may be foreclosed. During pendency, Unit owner may be required to pay reasonable rent. (Article X, Sections 10.2(a)-(e))

Reserves & fees

Board shall maintain reasonable reserves for working capital, operations, contingencies, replacements. If inadequate, Board may levy further assessment. Reserves shall not substantially exceed amount required unless two-thirds directors vot (Article VII, Section 7.1(d))

Maintenance

Association responsible for operation, care, upkeep, maintenance of General Common Elements and Limited Common Elements. Unit Owners responsible for their Units. Each Unit Owner liable for expenses from their own or their guests' acts/negle (Article V, Section 5.1(c); Article X, Se)

Use restrictions

Each Unit and Common Elements shall be occupied and used in accord with restrictions set forth in Article VI of the Declaration and in Rules and Regulations adopted by the Board. (Article VII, Section 7.2(a))

Voting & meetings

Votes allocated to Units by Declaration. Each Unit owner entitled to vote. Multiple owners: majority interest or named person. Fiduciaries may vote. Non-natural persons vote via authorized representative. No vote if more than 60 days delinq (Article IV, Section 4.10 (a)-(c))

Amenities

Swimming pool, wooden walkway, gazebo (Limited Common Elements for residential Unit Owners). (Declaration background)

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