Villas at Waterside Condominium Association

Key facts from Villas at Waterside Condominium Association's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium Association (Article I Bylaws)

Developer / declarant

VOC, L.L.C. (Declaration preamble)

Governing law

North Carolina Condominium Act, Chapter 47C of the General Statutes (Bylaws Article 12.3; Declaration Article)

Age restriction

Yes, Article 13 is titled 'AGE RESTRICTED CONDOMINIUM' but no details provided in excerpt (Declaration Article 13 (title only))

Assessments & dues

Board prepares budget, provides summary to owners, sets meeting for ratification; budget deemed ratified unless majority of all Unit Owners reject it (Bylaws Article 8.3)

Special assessments

Allowed by Board; if exceeds $25,000 requires 51% vote of members (Bylaws Article 8.7(b))

Collections & liens

Every assessment is a lien on the Unit from date levied; may be foreclosed under N.C.G.S. §47C-3-115 (Bylaws Article 8.4, 8.11)

Reserves & fees

Yes, required for repairs and replacements; funded by regular installments beginning fiscal year two years after first assessment; amounts at Board discretion (Bylaws Article 8.6(a), 8.6(d))

Pets

Yes, but Board may adopt reasonable rules regarding household pets (damage deposits, waste removal, leash, noise, etc.) (Declaration Article 6.K)

Leasing & rentals

Yes, but subject to restrictions (Declaration Article 6.G)

Architectural approval

Owner gives notice to Board with plans; Board sets meeting within 15 days; decision within 60 days after meeting; appeal to Association possible (Bylaws Article 9.2, 9.3, 9.4)

Use restrictions

Yes, for single family residential, vacation or resort living; no commercial, professional, or home business enterprise, or hotel/motel use (Bylaws Article 12.1(e)(i); Declaration A)

Voting & meetings

One vote per Unit; each Unit Owner is a member (Bylaws Article 2.1; Declaration Article )

Amendments

Bylaws amended in same manner and with same restrictions as Declaration; requires recording (Bylaws Article XI)

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