Hillside Condominiums

Key facts from Hillside Condominiums's documents

Reflects the 1982 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium with Homeowners' Association (HILLSIDE HOMEOWNERS' ASSOCIATION, LTD.) (Section 1 and Section 10)

Units / lots

1 (Lot 22, Athena Woods Subdivision) (Section 1)

Developer / declarant

Arthur E. Hoch and wife, Marilyn J. Hoch, d/b/a Triangle Construction Co. (Section 1)

Governing law

Chapter 47A of the General Statutes of North Carolina (Unit Ownership Act) (Section 1)

Assessments & dues

Board of Directors establishes an Annual Budget; assessment for each unit is proportional to its undivided interest in Common Property. (Section 23A and 23C)

Collections & liens

Association has a lien on each unit for unpaid assessments; can foreclose like deeds of trust/mortgages; subordinate to first mortgages; new owner after foreclosure liable only for assessments after acquisition. (Section 23I and 23J)

Reserves & fees

Board shall designate a sum for Capital Improvement Fund for replacement of common property; separate account; interest not used for operations. (Section 23D)

Leasing & rentals

Yes, entire unit only; minimum lease term of 30 days; lease must be in writing and subject to Declaration. (Section 11)

Fences

Fences require written consent of Association. (Section 15)

Architectural approval

Written consent of Association required for structural modifications, exterior alterations (including painting, antennae, fences, awnings, etc.). (Section 15)

Maintenance

Association (roof is part of Common Property). (Section 3A (excludes above ceiling inter)

Insurance

Casualty insurance on buildings and improvements (80% coinsurance basis); fire, extended coverage, vandalism, malicious mischief; public liability and property damage insurance. (Section 20A)

Use restrictions

Each unit restricted to residential use by owner, immediate family, guests, invitees, and lessees. (Section 11)

Voting & meetings

Each unit owner votes based on undivided interest in Common Property; for director elections, each unit has total vote equal to number of directors to be elected multiplied by unit's undivided interest, noncumulative; votes may be cast in p (By-Laws Section 2 and Section 4B5)

Amendments

Proposed by Board or members owning majority of undivided interest; special meeting with 20-60 days notice; requires 75% approval of aggregate undivided interest in Common Areas; certain amendments (e.g., ownership percentages) require unan (Section 26A, 26B, 31G)

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