Nappier & Gunnells

Key facts from Nappier & Gunnells's documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Biltmore Commons Condominium Homeowners Association, Inc. (Section 1.3)

Units / lots

15 (initial), maximum 275 (including up to 260 additional on Additional Real Property) (Section 2.4 and Section 3.2)

Developer / declarant

Nappier & Gunnells Construction Co., Inc., a North Carolina corporation (Opening paragraph)

Governing law

North Carolina Condominium Act, Chapter 47C of the North Carolina General Statutes (Section 1.1)

Assessments & dues

Allocated per unit based on Common Expense Liability percentages (Exhibit E), which are based on formula in Section 4.5 (similar to reallocation formula). Board sets budget and assesses. (Section 4.5 and Section 8.1)

Collections & liens

Not detailed; Section 5.3 waives mechanics liens against Common Elements; no provision for assessment lien in excerpt. (Section 5.3)

Reserves & fees

Mentioned in definition of Common Expenses: 'together with any allocations to reserves' (Section 1.8). No specific funding requirement. (Section 1.8)

Pets

Only small household pets; no dogs allowed; each unit may have one cat. (Section 7.3(f))

Leasing & rentals

Yes, for single family residential purposes, subject to restrictions (Section 7.3(o))

Parking & vehicles

Prohibited from parking or storage (Section 7.3(g))

Signs & flags

No signs, window displays, advertising, billboards by unit owners or occupants. Declarant may maintain signs until all units conveyed. Declarant must remove signs within 30 days of last conveyance. (Section 7.3(c))

Maintenance

Association responsible for Common Elements and Limited Common Elements (implied by administration duties); units are owner responsibility per definition of unit boundaries (Section 4.4). Section 6.5 gives easements for repair/maintenance. (Section 8.1, Section 4.4, Section 6.5)

Use restrictions

Units shall be occupied and used for single family residential purposes only. Home office permitted if no regular customer visits. (Section 7.3(a) and (b))

Voting & meetings

Each unit has one vote in the Association (Section 4.5 and Section 3.7 last paragra)

Amendments

Not detailed in excerpt; Declaration provides for amendment but procedure not in Articles I-VIII. Additional Real Property can be added by Declarant without consent of unit owners per Section 3.1. (Section 3.1 (for addition of property))

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