Beacon Village Condominium

Key facts from Beacon Village Condominium's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article I, Section 1.1)

Legal name

Beacon Village Condominium Association, Inc. (Article II definition, Article VII Secti)

Developer / declarant

BEACON BROTHERS, LLC, a Delaware Limited Liability Company (Preamble, Article II Section 2.3 definit)

Governing law

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

Assessments & dues

By Board of Directors, allocated per Common Expense interest on Exhibit D (Article VIII Sections 8.4(a), 8.4(g))

Special assessments

Allowed for additions, alterations, renovations or improvements costing >10% of annual budget require Majority Vote; otherwise Board can impose (Article VIII Section 8.4(e))

Collections & liens

Board may file lien against Unit for unpaid assessments in accordance with Act (Article VIII Section 8.4(b))

Reserves & fees

Replacement Reserves defined; collected via Common Expenses for future replacement costs (Article II definition, Article II defini)

Pets

Yes, with restrictions: domestic pets (cat, dog, tropical fish, small bird) within Unit; hotel guests may keep pets; pet store/veterinarian allowed (Article VI Section 6.5(d))

Leasing & rentals

Yes, but subject to Declaration; no timesharing, cooperative, licensing, or revolving occupancy arrangements; short-term rentals likely restricted (Article VI Section 6.7)

Parking & vehicles

Not explicitly mentioned; no major repairs except emergency on Common Elements

Architectural approval

Yes for additions, alterations, renovations, improvements to Common Elements, Limited Common Elements, exterior of Unit improvements; Board approval required (Article VIII Section 8.4(f))

Home business

Not explicitly restricted except by use restrictions; may be allowed for non-residential units

Maintenance

Not explicitly; Unit includes the building improvement with roof; owner maintains Unit improvements (Article III Section 3.3(a) defines Unit )

Voting & meetings

Each Unit has a vote allocation as shown on Exhibit D; not necessarily equal to Common Element interest or expense share (Article II definition of Common Element )

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