Snug Harbour Condominiums

Key facts from Snug Harbour Condominiums's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1, "condominium form of ownershi)

Legal name

SNUG HARBOUR HOMEOWNERS ASSOCIATION, INC. (Section 1, "the non-profit corporation k)

Developer / declarant

Snug Harbour Associates, a North Carolina Partnership (Section 1, "SNUG HARBOUR ASSOCIATES, a N)

Governing law

Chapter 47A of the General Statutes of North Carolina (Unit Ownership Act) (Section 1, "under the provisions of Chap)

Assessments & dues

Uniform assessments based on undivided interest in Common Property; Board adopts annual budget; assessments are monthly installments. (Section 23(A) and (C))

Special assessments

Not explicitly defined, but assessments include costs for capital improvements and alterations benefiting specific units (assessed solely to those units). (Section 16: "alterations and improvement)

Collections & liens

Association has a lien on each Condominium Unit for unpaid assessments; may be foreclosed like real estate deeds of trust; lien subordinated to mortgage; purchaser at foreclosure only liable for assessments after acquisition. (Section 23(I) and (J))

Reserves & fees

Capital Improvement Fund for replacement of and capital improvements to Common Property; maintained separately; interest may be used for operations. (Section 23(D): "designate a sum to be co)

Pets

Not explicitly stated; no pet restrictions mentioned. Implicitly allowed unless limited by nuisance clauses. (No specific provision; Section 13 prohib)

Leasing & rentals

Yes, but only entire unit, not for transient, hotel, or commercial purposes. Lease must be in writing and subject to Declaration. (Section 11: "no Unit Owner shall lease h)

Parking & vehicles

Sufficient parking for at least one automobile per unit; each owner has right to use for at least one automobile; Association may assign parking spaces. (Section 1: "contains sufficient parking )

Architectural approval

Yes, for structural modifications and exterior changes. (Section 15: "No Owner of a Condominium U)

Home business

Prohibited (no transient, hotel or commercial purposes; only residential) (Section 11: "no Unit Owner shall lease h)

Signs & flags

Not specifically mentioned; covered by exterior change restriction. (Section 15 (general exterior alteration )

Use restrictions

Yes (Section 11: "Each Condominium Unit is he)

Voting & meetings

Seventy-five percent (75%) of the members” or “75% of the membership” (or “3/4”) means owners of at least 75% of the aggregate interest in the Common Areas and Facilities. Each unit owner is a member. 75% approval required for amendments. (Section 3 (definition of 75% of members))

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