Carmichael Condominium Owners Association Inc

What Carmichael Condominium Owners Association Inc's governing documents say

This is a declaration of condominium for The Carmichael Condominium, a three-unit mixed-use condominium in Durham, NC, established in 2013. It governs the rights and obligations of unit owners, who each own a unit and share common elements, and is relevant to current or prospective owners of Units 1, 2, or 3.

• What you own & maintain: Each unit owner owns the airspace within their unit's boundaries (defined by the plat) and an undivided interest in the common elements. The association maintains the common elements, while each owner is responsible for maintaining their unit and all improvements on it, including exterior building surfaces, windows, doors, and HVAC equipment.
• Architectural review: Any improvement that changes the exterior appearance of the property—such as buildings, fences, parking areas, landscaping, or signage—requires written approval from the association before construction or alteration. The association may object if the plans are aesthetically disruptive, violate the declaration, or are inconsistent with first-class mixed-use developments in the area.
• Assessments & fees: The association levies annual assessments based on each unit's allocated interest in the common elements, plus special assessments for capital improvements (with majority vote). Assessments are due as set by the board; unpaid amounts accrue interest up to 18% per annum and may incur a late fee up to 10% of the assessment. The association can file a lien and foreclose on the unit for nonpayment.
• Insurance: The association must carry casualty insurance on the common elements (100% replacement cost) and liability insurance of at least $5,000,000 per occurrence. Each unit owner must maintain their own casualty insurance on their unit (100% replacement cost) and liability coverage of at least $1,000,000 per occurrence.
• Permitted & prohibited uses: The property may be used for any purpose allowed by zoning, but specific uses are prohibited, including flea markets, adult establishments, bars (unless part of a full-service restaurant), skating rinks, bowling alleys, automotive repair shops, gas stations, mortuaries, churches, and gambling businesses.
• Subdividing units: Unit owners may subdivide their unit into two or more units, either by recording an amendment to the declaration or by subjecting the unit to second-tier condominium documentation, as long as the second-tier documents are subordinate to this declaration.
• What this document doesn't cover: This excerpt does not include the association's bylaws, rules and regulations, or the specific allocated interests and percentages (Exhibit B). It also does not address leasing restrictions, pet policies, or age restrictions—those may be covered in other governing documents.

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.