Shallowbag Bay Club

Key facts from Shallowbag Bay Club's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Shallowbag Bay Club Owners Association, Inc. (Article 1, Section 1.3)

Developer / declarant

Shallowbag Bay Club, L.L.C., a North Carolina Limited Liability Company (First paragraph of Declaration)

Governing law

North Carolina Condominium Act, Chapter 47C (Article 1, Section 1.1)

Collections & liens

Unpaid assessments become lien after 30 days; may be foreclosed like a mortgage under power of sale (Article 6, Sections 6.1 and 6.10.1)

Reserves & fees

Association shall establish reserve for replacement of Common Elements and operating contingencies (Article 6, Section 6.3.9 and 6.12)

Pets

Yes, up to 2 generally recognized house pets (excluding fish); no horses, goats, or livestock (Article 5, Section 5.7)

Leasing & rentals

Yes, Residential Units may be leased as vacation rentals; Marina Units may be placed in transient pool when unoccupied over 3 days (Article 5, Sections 5.5.1 and 5.18.7)

Use restrictions

Residential Units for single family residential use, but may be leased as Vacation Rental (Chapter 42A) to more than one family at a time (Article 5, Section 5.5.1)

Voting & meetings

Class A: 2 votes per Unit; Class B: 2 votes per Unit; Class C: 2 votes per Unit; Class D: 1 vote per Unit (Article 4, Section 4.2)

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