Cardinal Lake Owners Association Inc

What Cardinal Lake Owners Association Inc's governing documents say

This is a condominium declaration for Three Streets Condominium, a small three-unit building in Durham, NC, with two adjacent structures sharing a party wall. It establishes the rules for unit owners, covering maintenance responsibilities, use restrictions, and association governance. The document is a full rulebook for the condominium, not a partial or ancillary fragment.

• What you own & maintain: You own the interior of your unit, including finished surfaces, interior walls, fixtures, and appliances. You are responsible for maintaining your unit, windows, exterior doors, and HVAC equipment. The association maintains the common elements, but you pay for repairs to limited common elements serving your unit (like ducts or exterior doors) unless otherwise stated.
• Leasing & rentals: Leases must have an initial term longer than 6 months. You must provide the association with the tenant's contact information, and the lease must require the tenant to follow the condominium documents.
• Pets: No specific pet rules are stated in this excerpt, but the declaration prohibits pet stores, kennels, and veterinary practices in units. It also holds owners responsible for damage caused by pets.
• Parking & vehicles: There is no motor vehicle parking in the condominium.
• Use restrictions: Units cannot be used for certain businesses (e.g., bowling alleys, tattoo parlors, funeral homes, industrial uses, adult stores, massage parlors, head shops, dry cleaners with on-site cleaning, photo developing, pet stores, day care, check cashing, bail bonds, pawn shops, warehousing, gun shops). Restaurants, bars, and live music venues are explicitly permitted. Grilling with charcoal, gas, or open flames is prohibited on the property or within 10 feet of the building.
• Alterations & approvals: You may make interior alterations that don't affect common elements or structural integrity. Removing partitions between adjoining units is allowed if you own both, and subdivision is permitted as long as no resulting unit is under 750 square feet. For work beyond cosmetic, you must notify the association, get permits, carry insurance naming the association as additional insured, and indemnify the association.
• Assessments & fees: The association levies periodic assessments for common expenses, payable monthly. Special assessments require a 75% vote of unit owners. Initial purchasers pay a working capital assessment equal to three months' annual assessment. Late payments incur a charge of the greater of $20 or 10% of the payment.
• Insurance: The association carries 100% replacement cost insurance on the building (including units as a 'warm vanilla box') and at least $1,000,000 liability coverage. Unit owners must carry their own hazard and liability insurance (at least $1,000,000 liability) for their unit's interior improvements and personal property.

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.