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6001 Mccrimmon Condominium Property Owners Associa

Morrisville, NC

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Key facts from 6001 Mccrimmon Condominium Property Owners Associa's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type: Condominium (Section 2.1: "The name of the Condominiu)
Legal name: 6001 McCrimmon Condominium Property Owners Association, Inc. (Section 1.3)
Developer / declarant: DAN Properties LLC, a North Carolina limited liability company (Background Statement)
Governing law: Chapter 47C of the North Carolina General Statutes (North Carolina Condominium Act) (Background Statement: "pursuant to Chapt)
Assessments & dues: Board adopts annual budget; assessments allocated in proportion to Common Area Interests (square footage percentage) (Section 9.2: "The share of Common Expens)
Special assessments: Permitted for capital improvements and maintenance, reconstruction, and repair of Common Elements (Section 9.4: "special assessments for ca)
Collections & liens: Assessment unpaid for 30+ days constitutes a lien on the Unit; if unpaid for 90+ days, Association may foreclose the lien and sell the Unit or obtain a money judgment (Section 9.5: "Any assessment levied agai)
Reserves & fees: Association may establish a Capital Improvement Fund for replacement of Common Elements and other reserves (Section 7.5: "may designate therein a su)
Pets: Only service animals permitted; no animals, livestock, poultry, or common household pets. Aquariums with small fish expressly permitted. (Section 6.9: "No animals, livestock or p)
Leasing & rentals: Leases of Units permitted; must be in writing and subject to Condominium Documents; lessee must comply. (Section 6.7: "Any lease of a Unit or por)
Insurance: Owner must obtain property/casualty on Unit, undivided interest in Common Elements, and Limited Common Elements; also public liability insurance of at least $500,000 per occurrence. (Sections 10.1(a) and 10.7)
Voting & meetings: Based on Common Area Interest, which is proportional to unit square footage as shown on Exhibit C (Section 1.9: "The Common Area Interest w)
Amendments: Declarant has right to amend Declaration subject to Act and other provisions. Certain amendments (e.g., conveyance of Common Elements) require 80% Owner consent other than Declarant. (Sections 5.1(k) and 8.10)

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