Red Hawk Knoll 1 Condominium

Key facts from Red Hawk Knoll 1 Condominium's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article I definition of Condominium)

Legal name

Townhomes at Red Hawk Knoll Condominium

Units / lots

20 initially, expandable (Article III, Section 1)

Developer / declarant

Bill's Mountain, LLC (Preamble)

Governing law

North Carolina Condominium Act, Chapter 47C (Preamble and Article I definition of Act)

Assessments & dues

Board of Directors establishes annual assessment based on estimated budget; budget submitted to Owners at least 30 days before annual meeting (Article VII, Section 2)

Special assessments

Allowed upon affirmative vote of Owners with at least 2/3 of total vote (Article VII, Section 2)

Collections & liens

Assessments and other charges constitute a lien on the Unit; Owner personally liable (Article VII, Section 1)

Reserves & fees

Required for periodic maintenance, repair, replacement of Common Elements and operating contingencies (Article VII, Section 2, item I)

Maintenance

Association maintains Common Elements, structural/exterior of Units, private streets, parking; Unit Owner maintains interior of Unit and Limited Common Elements (Article VI, Sections 1-4)

Insurance

Master or blanket policies for fire, hazard, public liability may be purchased by Association as Common Expense (Article VII, Section 2, item C)

Amenities

Clubhouse, swimming pool, tennis courts, gatehouse, roads of Vista At Bill's Mountain; Association pays percentage of costs for these (Article VI, Section 5)

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