Cameron Village Condominiums II

Key facts from Cameron Village Condominiums II's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Para (1) 'name of the Condominium is Cam)

Units / lots

130 (Para (2)(a): 'one hundred thirty (130) c)

Developer / declarant

J. W. York (First paragraph)

Governing law

Chapter 47A of the North Carolina General Statutes (Unit Ownership Act) (Title and recital)

Assessments & dues

Not fixed; determined annually by Board based on budget. (By-Laws Art VI Sec 1)

Special assessments

Board may levy special assessments for maintenance or repairs if owner fails; also implied for budget deficits. (By-Laws Art III Sec 8(j) and Art VI Sec )

Collections & liens

Unpaid common expenses constitute a lien on the unit prior to all other liens except tax liens, first mortgage, and statutory liens. May be foreclosed like a mortgage. (Declaration para (9)(c); By-Laws Art VI )

Reserves & fees

Board may include an amount for a reserve fund for replacements in the budget. (By-Laws Art VI Sec 1)

Leasing & rentals

Yes, but lease must be on form approved by Board (NCAR Residential Rental Contract) and copy filed with Board. (By-Laws Art VI Sec 16)

Architectural approval

Prior written consent of Board required for any structural addition, alteration or improvement in a unit. (By-Laws Art VI Sec 10)

Signs & flags

Declarant may display signs during sale period; otherwise not addressed. (By-Laws Art VI Sec 11(d))

Use restrictions

Not explicitly stated, but units are described as one-bedroom flats and use is restricted under By-Laws. (Para (2)(a) and (7))

Voting & meetings

One voting member per unit; total 130 votes; each owner entitled to votes equal to their interest in common areas (1/130 each). Cumulative voting for Board elections. (By-Laws Art II Sec 8-9)

Amendments

By vote of at least 66-2/3% in number and common interest of unit owners, recorded; also Declarant can amend before any sale. (Declaration para (22))

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