Pleasant Pines Condominium Owners Association Inc

Key facts from Pleasant Pines Condominium Owners Association Inc's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.10)

Legal name

Pleasant Pines Condominiums

Units / lots

25 initial units; maximum 30 units (Section 2.2; Section 4.2)

Developer / declarant

Concept 8 Holdings, LLC, a North Carolina limited liability company (Preamble; Section 1.13)

Governing law

Chapter 47C of the North Carolina General Statutes (North Carolina Condominium Act) (Preamble; Section 1.1)

Special assessments

May be levied by Executive Board for capital improvements; must be approved by majority of Owners present in person or by proxy at a duly held meeting (Section 8.3)

Collections & liens

Association has a lien on each Unit for unpaid assessments, penalties, interest, costs, and attorney's fees; enforceable under Article 2A of Chapter 45 of NC General Statutes (Sections 8.13, 8.14)

Reserves & fees

Greater of $20.00 per month or 10% of unpaid assessment installment (Section 8.9)

Pets

Yes, maximum of three (3) common household pets per Unit (Section 7.7)

Leasing & rentals

Yes, leases must be in writing, incorporate Declaration/Bylaws/Rules, and require lessee to abide by all obligations; Owners must provide lessees with copies of governing documents (Section 7.6)

Parking & vehicles

Certain parking spaces allocated as Limited Common Elements to specific Units; Declarant may allocate/reallocate until last Unit conveyed; reallocation requires consent of affected Owner (Section 5.6)

Fences

Building 1: No enclosed fencing, privacy screens may be permitted with approval. Buildings 2 and 3: Enclosed fencing or privacy screens may be permitted with approval. Building 4: No enclosed fencing or privacy screens. Building 5: Enclosed (Section 5.2(e))

Architectural approval

Yes, for signs (Architectural Review Committee) and for fences/privacy screens (Board approval) (Sections 7.10, 5.2(e))

Home business

Permitted with written approval of Executive Board if primary use is residential, no business customers visit, does not violate Declaration/Bylaws, and does not create disturbance or increase traffic/parking congestion (Section 7.1)

Signs & flags

No signs without Architectural Review Committee approval except: one professionally lettered For Sale/For Rent sign (max 24x30 inches, max 2 feet above ground); professional security signs; signs required by legal proceedings; one political (Section 7.10)

Maintenance

Roofs are part of Common Elements (Section 4.3, Section 5.1(f)); Association responsible for maintenance of Common Elements (Sections 4.3, 5.1(f), 5.4)

Insurance

Association required to maintain hazard and other insurance as required by Act, Declaration, and Bylaws (Section 1.9(e))

Use restrictions

Units may only be used for residential purposes and ancillary purposes; business use requires written approval of Executive Board with conditions (Section 7.1)

Voting & meetings

One vote per Unit, not based on Common Elements Interest (Section 1.8)

Amendments

Declarant may amend Declaration and Plans in connection with exercise of development rights or Special Declarant Rights without consent of any Person; Supplemental Declaration required to add Additional Property or combine/subdivide/create (Sections 6.1(d), 6.3)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.