Clipper

Key facts from Clipper's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article 2.2)

Legal name

Gateway Corner Condominium

Developer / declarant

Jimish Quickel, LLC (Introductory paragraph)

Governing law

North Carolina Condominium Act, Chapter 47C of the North Carolina General Statutes (Article 1.1)

Assessments & dues

Board levies assessments for Common Expenses (Article 6.1)

Special assessments

Not explicitly defined; general power to levy for common expenses (Article 6.1)

Collections & liens

Unpaid assessments become a lien on the Unit; may be foreclosed (Article 6.1, 9.2)

Reserves & fees

Common Expenses may include allocations to reserves (Article 1.7)

Leasing & rentals

Yes, with Board consent (not unreasonably withheld); lease must be in writing and subject to declaration (Article 5.6)

Parking & vehicles

Temporary parking only; no storage, repair, or sales (Article 5.8)

Architectural approval

Not for individual units; exterior signage requires Association approval; alterations to Common Elements require Board consent (Article 5.5, 5.17)

Home business

Commercial use allowed; retail shops only if in conjunction with licensed trade (Bylaws Article 12.1(d)(ii))

Signs & flags

Only one name plate (24 sq in) on main door and one exterior sign in approved signage cabinets (max 12'8" x 40") with Association approval; no 'For Sale' or 'For Rent' signs without consent (Article 5.5)

Setbacks / home size

650 square feet per Unit (Article 2.4)

Maintenance

Unit Owner responsible for Unit maintenance; Association responsible for Common Elements maintenance (Article 5.14, 7.1(a), 7.3)

Insurance

Casualty insurance at least 80% replacement cost; public liability at least $2,000,000 per occurrence (Article 8.1, 8.2)

Voting & meetings

One vote per Unit (Article 2.6)

Amendments

Requires 67% of Unit Owners; 100% of affected owners and mortgagees for boundary/interest changes; Declarant consent during Declarant Control Period; recordation required (Article XIII)

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