The Windsor Condominium (NC)

Key facts from The Windsor Condominium (NC)'s documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Declaration title and Act reference)

Governing law

North Carolina Condominium Act, Chapter 47C of the North Carolina General Statutes (Preamble of Declaration)

Assessments & dues

Not fixed; set by Board based on budget (Article 8.1(a) and (b))

Special assessments

Additions, alterations, renovations or improvements costing >5% of annual budget require Majority Vote; cost assessed as General Common Expense (Article 8.1(e))

Collections & liens

Association may file lien against Unit if assessment unpaid for more than 60 days (Article 8.1(b), 8.2(b), 8.3(b))

Reserves & fees

Replacement Reserves defined – Common Expense assessments collected for projected future replacement costs of Common Elements (Article 2 definition of 'Replacement Res)

Leasing & rentals

Yes, both Residential and Commercial Units may be leased; lease must be in writing and subject to Declaration and Bylaws (Article 6.5)

Architectural approval

Yes – prior written consent of Board of Directors (or Residential/Commercial Executive Committee) for alterations to Common Elements, exterior of Unit, etc. (Article 8.1(f)(1), (2), (5), (6))

Home business

Residential Owner may maintain office if customers do not come more than seven times per week (Article 6.3(a) parenthetical)

Signs & flags

Residential: No 'For Sale' or 'For Rent' signs or other advertising without Association consent. Commercial: lettering on doors/windows allowed, subject to Commercial Sub-association review. (Article 6.3(b), 6.3(c))

Maintenance

Association (roof structure is part of General Common Elements) (Article 4.2(b): 'roof structure, foundat)

Use restrictions

Residential Units: only for residential purposes; Commercial Units: non-residential (business, office, retail, commercial) (Article 6.3(a))

Voting & meetings

Votes allocated to each Unit according to Common Element Interest shown in Exhibit E; Majority Vote = simple majority of votes cast (Article 2 definitions of 'Majority Vote')

Amendments

Not fully detailed; reallocation of interests requires unanimous consent of all Owners and Mortgagees (Article 3.2); boundary relocations require amendment recorded by Association (8.1(f)(3)) (Article 3.2, 8.1(f)(3))

Amenities

Elevator, lobby, storage areas, stairways (described as Residential Limited Common Elements); no pool, clubhouse, etc. mentioned (Article 4.4)

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