Crest Street New World Unit Owners Association Inc
Homeowners association — you own your lot and home; the association maintains common areas and enforces covenants.
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What Crest Street New World Unit Owners Association Inc's governing documents say
This is the Declaration of Condominium for Crest Street New World Condominium, a small 8-unit condominium community in Durham, NC. It establishes the condominium regime, defines unit and common area ownership, and sets out the rules and obligations for unit owners, including assessments, maintenance, and use restrictions.
- What you own & maintain: You own your unit's interior (from subfloor to interior wall/ceiling surfaces) plus any attached patio or porch. The association maintains common areas, exterior surfaces (including doors and window frames), and fences around rear patios. You are responsible for all appliances, fixtures, and interior surfaces, and for any maintenance that could affect other units.
- Use restrictions: Units are restricted to residential use by the owner, family, guests, invitees, and lessees. Transient hotel or commercial use is prohibited. Corporate owners must designate who may use the unit and ensure compliance with the declaration.
- Alterations & exterior changes: You must get written association consent before any structural modification, exterior painting or decoration, installation of protruding items (like antennas or AC units), or any change to common areas or limited common areas (including fences, planting, or other vegetation).
- Assessments & fees: The association levies assessments to cover common expenses, including insurance, maintenance, and a capital improvement fund. Assessments are based on your unit's undivided interest in common property, are payable as determined by the board, and are due 30 days after the due date. Delinquent assessments accrue interest and can become a lien on your unit.
- Insurance & casualty damage: The association carries casualty and liability insurance on the buildings and common property. Insurance proceeds are held in trust and used for repair or reconstruction. If damage is partial (less than 2/3 of units untenantable), it must be repaired unless all owners vote to terminate. If total (2/3 or more untenantable), owners holding 3/4 of units can vote against reconstruction.
- Rights of entry: The association has the right to enter your unit immediately in an emergency, and with reasonable notice for maintenance of common property.
- What this document doesn't cover: This excerpt does not include the association's bylaws, rules and regulations, or details about parking assignments, pets, leasing terms, or age restrictions. Those may be covered in other documents.
Key facts from Crest Street New World Unit Owners Association Inc's documents
- Community type
- Condominium (Article I)
- Legal name
- Crest Street New World Condominium
- Governing law
- Chapter 47A of the General Statutes of North Carolina (Unit Ownership Act) (Article I)
- Assessments & dues
- Board of Directors establishes an Annual Budget in advance for each fiscal year; assessments based on that budget (Article XXIV.C)
- Special assessments
- Board may levy additional assessments if insufficient or in emergencies; also for alterations/improvements benefiting certain units (Article XXIV.C and Article XVII)
- Collections & liens
- Association granted a lien upon each Condominium Unit and appurtenant interest for assessments, interest, costs, and attorneys' fees; foreclosable like real estate deeds of trust/mortgages; subordinated to first mortgages/deeds of trust (Article XXIV.I and J)
- Reserves & fees
- Board may designate a Capital Improvement Fund for replacement of and capital improvements to Common Property; kept in separate account; not subject to withdrawal by Unit Owner (Article XXIV.D)
- Leasing & rentals
- Not explicitly prohibited; lessees mentioned in use restrictions and other provisions (Article XI, XXIV.K)
- Parking & vehicles
- Association has exclusive right to make permanent and temporary assignments of parking spaces and establish regulations concerning use (Article VII)
- Fences
- Fences surrounding patios at rear of Buildings One and Two are Limited Common Areas; maintenance and painting of fences is Association responsibility (Article III.C)
- Architectural approval
- Written consent of Association required for structural modifications, exterior changes (including painting, decoration, electrical wiring, antennae, air conditioning units protruding through walls/roof), and any objects affixed to Common Pr (Article XVI)
- Home business
- Prohibited (no commercial purposes) (Article XI)
- Signs & flags
- No exterior changes or alterations without written consent of Association, including installation of objects protruding through walls or roof (Article XVI)
- Maintenance
- Not explicitly stated; roofs are part of Common Property (excluded from Units above attic ceiling surfacing material) (Article III.A)
- Insurance
- Casualty insurance covering buildings and improvements (excluding excavation, foundations, streets, parking facilities) at maximum insurable replacement value; public liability and property damage insurance; cross-liability endorsements (Article XXI.A)
- Use restrictions
- Each Condominium Unit restricted to residential use by Owner, immediate family, guests, invitees, and lessees; no transient hotel or commercial purposes (Article XI)
- Voting & meetings
- Amendments require affirmative vote of 75% of total unit ownership as determined by Exhibit C (Article XXVII.A)
- Amendments
- Amendments proposed by Board (majority vote) or members owning majority of units; approved by affirmative vote of 75% of total unit ownership; recorded within 10 days of effectiveness; certain changes (percentage of ownership, basis for sha (Article XXVII)
About this HOA
Crest Street New World Unit Owners Association Inc is a homeowners association in Durham, NC.
HOAproxy has 1 document on file for Crest Street New World Unit Owners Association Inc: 1 recorded document. Last updated 2026-06-08.