902 South Sixth Street Townhomes

Key facts from 902 South Sixth Street Townhomes's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhome (902 South Sixth Street Townhomes)

Legal name

902 South Sixth Street Townhomes

Developer / declarant

Atrium Homes, Inc. (Article I.M and signature block)

Governing law

North Carolina Planned Unit Development Act, Chapter 47F (Article I.A)

Assessments & dues

Every Common Expense automatically creates a Special Assessment against both Units for one-half of the expense, unless expense is responsibility of only one Unit. (Article IX)

Special assessments

Every Common Expense automatically creates a Special Assessment against both Units (or one unit if that unit's responsibility). (Article IX)

Collections & liens

Lien on unit for unpaid assessments, subordinate to first mortgage; foreclosure under power of sale per NC law (Article 2A of Chapter 45). (Article IX)

Reserves & fees

4% of amount due for each delinquency (Article IX)

Pets

Yes, domestic household pets, subject to rules and regulations approved by all members. (Article III.I)

Leasing & rentals

Yes, for residential rental purposes. (Article III.A)

Parking & vehicles

Prohibited: no camper, trailer, boat trailer, trailer vehicle, or similar vehicle anywhere on the Property. (Article III.K)

Signs & flags

Not allowed without written consent of all members of the Association. (Article III.G)

Use restrictions

Yes, including residential rental; no other purposes. (Article III.A)

Voting & meetings

Each unit has one vote. If multiple owners, vote exercised by designated person or majority in interest if no protest. (Article II (page 4) and Article XIII.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.