Crown Vue Townhomes Jered

Key facts from Crown Vue Townhomes Jered's documents

Community type

Condominium (Article I, Sec 1.8)

Legal name

Gateway Corner Condominium

Units / lots

Three (3) Units: One building with one Unit, second building with two Units (Article II, Sec 2.3)

Developer / declarant

JIMISH QUICKEL, LLC (Preamble)

Governing law

North Carolina Condominium Act, Chapter 47C (Preambles and Article I Sec 1.1)

Special assessments

Not specifically mentioned; Board may levy assessments for common expenses, which may include unbudgeted items (Article VI, Sec 6.1)

Reserves & fees

Mentioned as part of common expenses: 'allocations to reserves' (Article I, Sec 1.7: 'Common Expenses: ..)

Pets

Generally prohibited unless rules and regulations provide otherwise (Article V, Sec 5.18: 'No pets, animals, )

Leasing & rentals

Unit Owners (other than Declarant) may lease only with prior Board consent (not unreasonably withheld). Lease must be in writing and subject to Declaration. (Article V, Sec 5.6)

Parking & vehicles

Parking areas for temporary parking only; no vehicle storage, repair, maintenance, or sales. No obstruction of parking areas. (Article V, Sec 5.8)

Insurance

Casualty insurance on Property with replacement cost not less than 80% of replacement cost; public liability insurance at least $2,000,000 per occurrence. (Article VIII, Sec 8.1 and 8.2)

Voting & meetings

Majority of votes entitled to be cast present in person or by proxy (Bylaws Article III, Sec 4 (as typical; f)

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