Mill Pond at Brooks Landing

Key facts from Mill Pond at Brooks Landing's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I: "submit the above-described p)

Legal name

Mill Pond at Brooks Landing Condominium Homeowners Association, Inc. (Article X: "known and designated as Mill)

Units / lots

12 (initial); maximum 72 (Article I: "one (1) three-story building)

Developer / declarant

John Kavanagh Company (First paragraph: "JOHN KAVANAGH COMPANY,)

Governing law

North Carolina Condominium Act, Chapter 47C of the General Statutes of North Carolina (Article I)

Assessments & dues

Maximum annual assessment initially $1,800 per unit (OCR: "ONE THOUSAND EIGHT HUNDRED and No/100 Dollars, ($10090)" but corrected; monthly installment $84.00 (OCR: "EIGHTY-FouR and No/100 Dollars ($2400)" corrected) (Article XXVI, Paragraph E: "maximum annu)

Special assessments

Requires assent of Unit Owners with two-thirds (2/3) of allocated interests voting at a meeting (Article XXVI, Paragraph C: "special asse)

Collections & liens

Association has lien on each unit for unpaid assessments, interest, late charges, fines, costs, and attorneys' fees; may be foreclosed like deeds of trust under power of sale (Article XXVI, Paragraphs K and L)

Reserves & fees

Capital Improvement Fund established; amount determined by Executive Board; used for replacement and capital improvements to common elements (Article XXVI, Paragraph F)

Pets

Yes, but subject to rules; Association may restrict number, type, size (Article VIII: Association has right to r)

Leasing & rentals

Yes, with restrictions (Article XI: lease for at least 30 days, )

Parking & vehicles

Association may make permanent and temporary assignments of parking spaces; can restrict or prohibit recreational/commercial vehicles (Article VIII and Article X)

Architectural approval

Yes, for exterior alterations, improvements, and changes (Article XVII: no Unit Owner shall cause )

Home business

Generally prohibited; cannot permit use for transient hotel or commercial purposes (Article XI: no Owner shall permit use of)

Maintenance

Association (Common Elements) (Article II: chimneys are Common Elements)

Insurance

Not explicitly stated, but clause on unit owner responsible for portion of costs exceeding insurance proceeds references deductibility provision (Article XIX and XX: "deductibility provi)

Use restrictions

Each unit restricted to residential use by owner, family, guests, invitees, lessees; no transient hotel or commercial purposes (Article XI: "each Unit is hereby restric)

Voting & meetings

Each unit has allocated interest in common elements; voting is in proportion to allocated interests (initially equal per unit) (Article IV: "Allocated Interest ... dete)

Amendments

May be proposed by Executive Board (majority vote) or by Unit Owners with 50% of votes; then special meeting called, notice mailed 10-50 days before; effective upon vote of Unit Owners with at least 80% of allocated interests (for terminati (Article XXIX)

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