Namora Condominium

Key facts from Namora Condominium's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1, "to create a plan of condomin)

Legal name

NAMORA CONDOMINIUM

Units / lots

4 Residential Units (Section 4, "containing 4 Residential Uni)

Developer / declarant

NEXUS 301, LLC

Governing law

District of Columbia Condominium Act of 1976, as amended (Preamble)

Special assessments

Board may levy special assessment for unexpected repairs or nonrecurring contingencies or deficiencies; assessed in same manner as additional reserve assessments (Article VI, Section 6.1.e)

Reserves & fees

Board shall establish and maintain reasonable reserve fund for capital improvements, replacements, major repairs; one-twelfth of budgeted amount paid monthly; additional assessment if inadequate (Article VI, Section 6.1.d)

Use restrictions

A Residential Unit shall be used only as a private residence (Section 12)

Voting & meetings

Each Unit has votes equal to its Percentage Interest as set in Declaration Section 8. Decisions by majority of votes present (in person or proxy) unless greater required. (Article III, Section 3.7)

Amendments

Once there is a Unit Owner other than Declarant, Declaration may be amended by three-fourths (3/4) vote of Board of Directors (may be reduced to 2/3). Requires recording. Certain changes (special declarant rights, increase number of units, (Section 14.2)

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