Sand Ridge Townhouses II

Key facts from Sand Ridge Townhouses II's documents

Reflects the 1982 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (unit ownership under NC Gen. Stat. §47A-13) (WHEREAS clause; "hereby submits the abov)

Legal name

Sand Ridge Townhouses II

Developer / declarant

C & T INVESTMENT, a North Carolina General Partnership (Preamble)

Governing law

North Carolina General Statutes §47A-13 (WHEREAS clause)

Assessments & dues

Board of Managers determines amounts required for operation, maintenance, and other affairs (By-Laws Art. II, Sec. 2(b))

Collections & liens

Unpaid assessments create a lien in favor of Association against the defaulting owner's unit as provided in NC Gen. Stat. Chapter 47A; lien subordinate to first mortgages unless recorded prior (Article VII and Article VIII of Declarat)

Leasing & rentals

Each unit may be rented by the owner thereof; no single rooms may be rented (Article II(a): "each unit may be rented )

Home business

Not explicitly prohibited, but residential use only restriction likely precludes commercial activity (Article II(a))

Maintenance

Board of Managers responsible for operation, care, upkeep and maintenance of common elements; owners responsible for units (unit boundaries are interior surfaces of perimeter walls, ceilings, and land beneath) (By-Laws Art. II, Sec. 2(a); Article I of)

Use restrictions

Each townhouse shall be occupied only by a family, its servants, and guests, as a residence and for no other purposes (Article II(a))

Voting & meetings

Each unit owner entitled to one vote (total 2 votes); proxy allowed in writing (By-Laws Art. III, Sec. 7)

Amendments

Declaration may be amended by instrument in writing executed by owners of both Units 1 and 2, effective upon recording (Article X)

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