Quailhillii

What Quailhillii's governing documents say

This is a condominium declaration for Quail Hill Colony, Phase Two, a small 4-unit building in Pinehurst, NC, governed by North Carolina's Unit Ownership Act. It defines what unit owners own, their shared common areas, and the rules they must follow, including a right of first refusal for the association when selling a unit.

• What you own & maintain: You own your unit's interior (bounded by interior surfaces of walls, ceiling, floor); the association maintains common areas like roofs, exterior walls, walkways, and shared systems, funded by quarterly common expense assessments.
• Leasing & rentals: You may lease your unit, but the Board can adopt rules and regulations for rentals. The declaration doesn't specify a minimum lease term.
• Right of first refusal: Before selling, you must offer the unit to the Board at the same price and terms as the highest acceptable offer. The Board has 30 days to decide and 30 more to close. This right does not apply to foreclosures or transfers to a mortgagee in lieu of foreclosure.
• Mortgages & liens: You can mortgage your unit without Board approval only if it's a first mortgage to a bank, life insurance company, or savings and loan. Other mortgages need Board approval. Any unauthorized transfer is voidable.
• Assessments & taxes: Each unit is taxed separately. You must pay an annual assessment to Pinehurst, Incorporated (up to 1.5% of taxable value, adjustable with CPI) for community services, plus quarterly common expense payments to the Board based on the annual budget.
• Insurance & damage: The Board carries master property and liability insurance on the building and common areas, paid as a common expense. If the building is more than two-thirds destroyed, owners of three-fourths of units can decide not to rebuild, leading to sale or tenancy-in-common.
• Use & restrictions: Units are for residential use only. No natural barriers or fences may be placed between units and the golf course fairway, except those existing when the fourth unit is sold.
• What this document doesn't cover: This is the declaration only; it doesn't include the full by-laws, rules, or regulations that may govern daily life, nor does it specify pet rules, age restrictions, or rental minimums.

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.