7000 Harps Mill Office Condominium Owners Association, Inc.

Key facts from 7000 Harps Mill Office Condominium Owners Association, Inc.'s documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Office Condominium (Section 2.2)

Legal name

7000 Harps Mill Office Condominium Owners Association, Inc. (Section 1.1)

Units / lots

8 (maximum) (Section 1.2 and Section 2.4)

Developer / declarant

Harps Mill Developers, LLC, a North Carolina limited liability company (First paragraph of Declaration)

Governing law

North Carolina Condominium Act (N.C.G.S. Chapter 47C) (Section 2.1)

Assessments & dues

Initial maximum $1200 per unit per year, prorated for first year and adjusted per percentage interest (Section 4.4)

Special assessments

Requires majority of unit owners' assent (Section 4.3)

Collections & liens

Unpaid assessment for 30 days constitutes a lien on the unit when filed; may be foreclosed; personal obligation of owner at time assessment fell due (Section 4.1)

Reserves & fees

Reserves for future repair, maintenance and replacement of Common Elements are part of common expenses (Section 4.3)

Leasing & rentals

Yes, subject to rules and regulations (Section 8.10)

Architectural approval

Yes, plans and specifications for any building, fence, wall, structure, or exterior change must be submitted to and approved in writing by Declarant (during control) or Executive Board (thereafter) (Article VII)

Home business

Use limited to professional services, commercial services, general offices, and other uses permitted by zoning (Section 8.2)

Maintenance

Association: Common Elements (roofs, exterior building surfaces, common interior areas). Owner: Unit interior, personal property (HVAC, utility lines serving unit), and Limited Common Elements serving unit; also responsible for damage cause (Sections 6.1, 6.2, 6.3, 8.12)

Insurance

Commercially reasonable deductible not in excess of $10,000 (Section 10.1)

Voting & meetings

Each owner's vote equals the percentage interest in Common Elements as shown on Exhibit C (Section 2.5; Bylaws §1.7)

Amendments

By instrument signed by owners of at least 60% of total percentage undivided interests in Common Elements; during Period of Declarant Control, requires written approval of Declarant; amendment must be recorded (Section 16.5)

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