Sunpointe Condominiums

Key facts from Sunpointe Condominiums's documents

Community type

Condominium

Legal name

Sunpointe Condominium Association, Inc. (Article X)

Developer / declarant

Limited of Raleigh, a North Carolina corporation (Opening paragraph)

Governing law

Chapter 47A of the General Statutes of North Carolina (Unit Ownership Act) (Article I)

Reserves & fees

Capital Improvement Fund for replacement of common property; amount set by Board; must be maintained separately; interest may be used for operations. (Article XXIV-G)

Pets

Dogs, cats or other household pets may be kept within a member's unit, not for commercial purposes. No animals in common area unless on leash. (Article XII, paragraph 2)

Leasing & rentals

30 days (Article XI: 'at least thirty (30) days')

Architectural approval

Written consent of Association required for structural modifications, alterations, exterior changes (painting, antenna, window treatments, etc.) and any changes to Common Property or Limited Common Area. (Article XVI)

Home business

Not explicitly prohibited beyond 'transient hotel or commercial purposes'; corporate/partnership ownership allowed with restrictions. (Article XI)

Use restrictions

Each Condominium Unit is hereby restricted to residential use by the Owner thereof, his immediate family, guests, invitees and lessees. No transient hotel or commercial use. (Article XI)

Voting & meetings

Each unit owner automatically becomes a member upon acquisition of unit; membership terminates upon divestment. One vote per unit? Not explicitly stated but implied. (Article X and Bylaws (implied))

Amendments

Changes to percentage interests require unanimous consent of all unit owners and institutional lenders. Developer has power to amend for adding phases (Article IV and XXVII-B). (Article IV-B and Article XXVII (referenc)

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