Dobbs

Key facts from Dobbs's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Title and Article I, 1.8)

Legal name

Gateway Corner Condominium Owners’ Association, Inc. (Section 1.3)

Units / lots

3 units (Building 1: 1 Unit, Building 2: 2 Units) (Section 2.3 and Exhibit B)

Developer / declarant

Jimish Quickel, LLC, a North Carolina limited liability company (Preamble)

Governing law

North Carolina Condominium Act, Chapter 47C of the North Carolina General Statutes (Section 1.1)

Assessments & dues

Board levies assessments for Common Expenses. Budget preparation and assessment levy detailed in Bylaws. (Sections 6.1, 6.3; Bylaws Section 8.3)

Special assessments

Not explicitly in Declaration, but Bylaws Section 8.7 allows special assessments. (Bylaws Section 8.7)

Collections & liens

Unpaid assessments become a lien on the Unit, enforceable by foreclosure or money judgment under N.C. Gen. Stat. §47C-3-115 and §47C-3-116. (Section 6.1, Section 9.2)

Reserves & fees

Common Expenses include allocations to reserves. (Section 1.7)

Leasing & rentals

Yes, but non-Declarant Unit Owners must obtain prior Board consent (not unreasonably withheld) (Article V, 5.6)

Parking & vehicles

Common Element parking areas for temporary parking of Unit Owners, Occupants, customers, guests in ordinary course of business; no vehicle storage, repair, maintenance or sales (Article V, 5.8)

Signs & flags

One nameplate (max 24 sq in) on main door per Unit; one exterior sign per Unit within signage cabinets (max 12'8" length x 40" height) with Association approval; Declarant may maintain advertising signs during Declarant Control Period. No ' (Section 5.5)

Maintenance

Association (Common Elements) – roof is part of Common Elements (Article I, 1.6(c)) (Article I, 1.6(c))

Insurance

Casualty insurance on Property for at least 80% replacement cost; public liability insurance for at least $2,000,000 per occurrence (Article VIII, 8.1 and 8.2)

Voting & meetings

Each Unit has one vote. Votes allocated equally to all Units. (Section 2.6 and Bylaws Section 3.6)

Amendments

Declaration may be amended by written joinder of not less than 67% of Unit Owners. Certain amendments (common interest, number of units, boundaries, use restrictions) require written consent of affected Owners and their Mortgagees. No amend (Article XIII)

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