Aspen

Key facts from Aspen's documents

Community type

Condominium

Legal name

Aspen Park Condominium

Developer / declarant

JOHN N. DAVIS III; BARRY R. SIDDEN and SYBILLE S. SIDDEN; QUEST REALTY & INVESTMENTS INC.; R.D.C. INC. (Preamble)

Governing law

Unit Ownership Act of the State of North Carolina (Chapter 47A) (Preamble)

Special assessments

Allowed with 2/3 vote of members for capital improvements or contingencies (Paragraph S-5 (recreation corporation) a)

Collections & liens

Unpaid common expenses constitute a lien on the unit, foreclosable like mortgage (Paragraph J and Bylaws Article IX)

Leasing & rentals

Yes, entire unit may be rented, subject to covenants and restrictions (Paragraph L and Section 6(h))

Parking & vehicles

Parking areas designated in plans, used for self-service parking per board rules (Amendment, Article V, Section 14)

Architectural approval

Yes for exterior door changes and alterations to Common Areas (Section 6(f) and (g))

Home business

Prohibited except professional office (Section 6(a) and (e))

Use restrictions

True (except professional office for physician/dentist with board consent) (Section 6(a))

Voting & meetings

One-fourth (1/4th) of the votes in person or by proxy (Bylaws Article II, Section 7)

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