Tradewinds Condominium II Association, Inc.

Key facts from Tradewinds Condominium II Association, Inc.'s documents

Reflects the 1986 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Article II)

Legal name

Tradewinds Condominium II Association, Inc. (Preliminary Statement and Article I(b))

Units / lots

8 (presently: 2 in Building Nine, 3 in Building Ten, 3 in Building Eleven) (Article III, paragraph 1)

Developer / declarant

Fairfield Harbour, Inc., a North Carolina corporation (Page 1, Preliminary Statement)

Governing law

Chapter 47A of the North Carolina General Statutes, as amended (Unit Ownership Act) (Article I(a))

Assessments & dues

Not fixed in Declaration; set annually by Board based on budget (regular and special assessments) (Article XII (Assessments: Fees and Lien )

Special assessments

Permitted; Board sets amount based on budget needs (Article XII)

Collections & liens

Association has lien on each Unit for unpaid assessments, late charges, interest, and attorneys' fees; lien subordinate to prior bona fide liens; Board may foreclose or take personal action; Association may bid at foreclosure sale; delinque (Article XII)

Reserves & fees

Required for periodic maintenance, repair, replacement of Common Area improvements (part of budget planning) (Article XII)

Pets

Not explicitly addressed in provided text; no pet provisions found (Absent from document)

Leasing & rentals

Yes, Unit may be rented or leased, subject to Association's power to require written lease agreement in form acceptable to Association (Article XXI(F))

Home business

Not explicitly prohibited, but use is limited to residential; 'immoral or illegal act' prohibited (Article XIV(B))

Signs & flags

Not specifically mentioned; signs prohibition likely includes flags unless explicitly allowed (Article XV(B)(4) (signs, advertisements,)

Setbacks / home size

Unit sizes given: Type A 1068 sq ft interior, Type B 1345 sq ft interior (Article III)

Maintenance

Roof of each Building is part of Common Areas; Association responsible for its maintenance (implied as Common Area) (Article XXI(A) (roof is Common Area))

Insurance

Amount of deductible assessed against all Unit Owners in proportion to their shares in Common Areas (Article XIII(E))

Use restrictions

Yes, single-family private dwelling for owner and family, social guests, lessees, licensees, invitees; renting is permitted through rental management agreement (Article XIV(A))

Voting & meetings

One vote per Unit; each Unit designates a Voting Member; if multiple owners, they designate one; corporate owner designates officer/employee (Article V(a))

Amendments

Declaration may be amended by affirmative vote of 67% of total membership vote at regular or special meeting; amendment must be certified by President and Secretary and recorded; no change to percentage interest, common expense share, votin (Article IX)

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