Centre West Condominiums

What Centre West Condominiums's governing documents say

Centre West Condominiums is a condominium community in Cary, NC, governed by a Declaration of Unit Ownership under the North Carolina Condominium Act. This document establishes the condominium, defines unit ownership and common elements, and sets rules for use, leasing, and assessments. It is the governing document for unit owners and occupants.

• What you own & maintain: You own your unit's interior, including finished surfaces and interior partitions. The association maintains common elements, and you must maintain your unit and pay for repairs to other units if your actions cause damage.
• Leasing & rentals: Renting for less than 30 days is prohibited. Leases must be in writing, cover the entire unit, and comply with the Declaration and Bylaws. Owners must provide the association with the lessee's name, address, and lease term.
• Use restrictions: Units may be used for any use permitted by the Town of Cary's Industrial Performance District zoning, except for specific prohibited uses like heavy equipment sales, manufacturing, and junkyards. No 'For Sale' or 'For Rent' signs are allowed without approval.
• Assessments & fees: The association levies assessments per unit, with each unit's share based on its percentage of common expenses. The board sets annual assessments at least 30 days in advance and provides notice to owners.
• Common elements & alterations: Common elements are maintained by the association. You cannot alter, construct on, or remove from common elements without prior written board consent. Limited common elements (like exterior doors and windows) are maintained by the unit owner, except for structural surfaces.
• Insurance: The association carries casualty insurance on the property (at least 80% of insurable value on a replacement cost basis) and public liability insurance (at least $1,000,000 per occurrence). Unit owners may obtain their own policies for personal property and liability.
• Board & meetings: The association is governed by a board of at least three directors, elected by members. Annual meetings are held, and special meetings can be called by the president, secretary, board, or members holding at least one-fourth of the votes. A quorum is one-fourth of the votes.
• What this document doesn't cover: This excerpt does not include specific pet rules, age restrictions, or detailed architectural review procedures. It also does not specify the exact amount of assessments or fees.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.