Sands at Carolina Beach Condominium III

Key facts from Sands at Carolina Beach Condominium III's documents

Reflects the 1983 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Submission Statement: 'said land is subm)

Legal name

Sands at Carolina Beach Condominium III, Owners, Inc. (Article II Definitions Section 2: 'Assoc)

Governing law

Chapter 47A of the North Carolina General Statutes (Unit Ownership Act) (Article I, Submission Statement: 'pursua)

Special assessments

Board shall levy a special assessment for deficiency in insurance proceeds to repair common elements and individual damaged units, according to percentages in Exhibit C or as determined by Board (Article VIII G 7(a): 'levy a special ass)

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments, interest, and reasonable attorneys' fees incurred in collection (Article VIII C: 'The Association shall h)

Pets

Unit owner may keep any pet or animal on the condominium property so long as it does not constitute a nuisance and does not unreasonably interfere with the quiet enjoyment of other condominium owners (Article VIII D: 'A unit owner may keep a)

Leasing & rentals

Persons occupying a unit under rental, lease or occupancy agreement are subject to the Declaration and by-laws, implying leasing is permitted (Article VIII E: 'All persons occupying a)

Signs & flags

Right to display 'for rent' and 'for sale' signs is limited to the developer (Article VIII F: 'The right to display si)

Maintenance

Board of Directors may contract for management, maintenance and repair of condominium property; unit owners are liable for common expenses through assessments (Article VIII B: 'The Board of Directors )

Insurance

Association purchases master or blanket policy for benefit of unit owners and mortgagees, covering fire, extended coverage, vandalism, malicious mischief, flood, storm, hurricane, comprehensive general liability, blanket fidelity bonds, and (Article VIII G 1-2: 'All insurance polic)

Use restrictions

Unit owner shall occupy and use the condominium parcel as a private dwelling and for no other purposes (Article VIII D: 'The unit owner shall oc)

Voting & meetings

As specified in the by-laws (Article V: 'The voting rights of unit ow)

Amendments

By affirmative vote of at least 67% of votes in the Association and written approval of holders of first lien mortgages or deeds of trust on units aggregating at least 51% of votes of units subject to such liens; recorded certificate requir (Article VI: 'by the affirmative vote of )

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