Tree Top Condominium

Key facts from Tree Top Condominium's documents

Community type

Condominium

Legal name

Tree Top Condominium

Units / lots

284

Developer / declarant

Tree Top Condominium Association, Inc. (Statement of Declaration, page 1)

Governing law

North Carolina Condominium Act (N.C.G.S. Chapter 47C) (Section 1.15)

Assessments & dues

Board prepares annual budget; Common Expenses allocated according to Common Elements Interest percentages (Exhibit B) and also assessed in equal shares per unit (Section 9.4); budget ratification process described. (Sections 9.2, 9.4)

Special assessments

Allowed for capital improvements (construction, reconstruction, repair, replacement of Common Elements) with majority of quorum approval (Section 9.4(c))

Collections & liens

Association may file lien after 30 days unpaid; may foreclose as a deed of trust (Section 9.8)

Reserves & fees

Required: general operating reserve, reserve for insurance deductibles, reserve for repair and replacement of Common Elements (Section 9.4)

Pets

true (common household pets, not for commercial purposes) (Section 6.8)

Signs & flags

Prohibited (including political signs) (Section 6.13)

Use restrictions

true (Section 6.1)

Voting & meetings

Based on Common Elements Interest per Exhibit B (Section 1.5)

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