Waterwood Condominium

Key facts from Waterwood Condominium's documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Waterwood Condominium Association, Inc. (Management Agreement title and body)

Units / lots

Multiple units (exact number not stated, but at least the number of unit owners signing the 2003 amendment) (Amendment signature pages (many unit own)

Governing law

North Carolina Unit Ownership Act (Chapter 47A of the North Carolina General Statutes) (Declaration, opening recital)

Special assessments

Management Firm may make and collect special assessments for such purposes and against such parties as it determines, subject to the Declaration. Also may assess for maintenance due to loss by Act of God or other cause, and for negligence o (Management Agreement paragraphs 5(P), 5()

Collections & liens

Management Firm may file a lien against a unit owner's condominium unit for failure to pay assessments, and may compromise liens and satisfy them of record. (Management Agreement paragraph 7 (page 9)

Amendments

Declaration may be amended by majority of unit owners as per Article VIII (not fully shown); the 2003 amendment was executed by Association and majority of owners. (Amendment recital: 'pursuant to the prov)

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