Cameron Village Condominiums II

What Cameron Village Condominiums II's governing documents say

Cameron Village Condominiums II is a condominium community in Raleigh, NC, established under the North Carolina Unit Ownership Act. It consists of 130 one-bedroom units in 15 two-story buildings, with each unit owner owning their unit and a 1/130th interest in the common areas. The association manages the property, maintains common elements, and carries master insurance, funded by assessments on unit owners.

• What you own & maintain: You own the interior space of your unit, including drywall, windows, doors, and unit-specific mechanical equipment like heating and air conditioning. The association maintains the common elements, including the land, structural components, roofs, exterior walls, and central utility systems.
• Assessments & liens: The association levies assessments for common expenses, and unpaid assessments become a lien on your unit, prior to all other liens except tax liens, first mortgages, and other statutory priorities. The association can foreclose on the lien and may also sue for a money judgment.
• Insurance: The association buys master property insurance covering all buildings and common areas at 100% replacement cost, plus liability insurance of at least $1,000,000. Unit owners may buy their own policies for personal property and liability.
• Damage & reconstruction: If buildings are damaged, the association must promptly repair and restore using insurance proceeds, with unit owners covering any deficiency. If more than two-thirds of the buildings are destroyed and 75% of owners vote not to rebuild, the property is treated as owned in common.
• Use restrictions: Use of units and buildings is restricted under the association's By-Laws, and all owners, tenants, and occupants must comply with the Declaration, By-Laws, and rules. The document does not specify particular restrictions like pet or lease limits.
• Board & voting: The association is managed by a five-member Board of Administrators elected by unit owners, with each unit having one vote (130 total). Owners can call special meetings with 25% of the common interest, and amendments to the Declaration require a 66-2/3% vote.
• What this document doesn't cover: This excerpt is the Declaration and By-Laws but does not include the full rules and regulations, which are referenced but not provided. It also lacks specific details on pet policies, leasing restrictions, or architectural review, which may be in the By-Laws or separate rules.

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.