Sweetbriar Condominium

Key facts from Sweetbriar Condominium's documents

Reflects the 1985 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title page; Section 2.2)

Legal name

Sweetbriar Condominium Association, Inc., a North Carolina nonprofit corporation (Section 1.1 ("Association"))

Developer / declarant

Thomas Gipson & Co., a North Carolina corporation (Preamble; Section 1.1 ("Declarant"))

Governing law

Chapter 47A of the North Carolina General Statutes (Unit Ownership Act) (Preamble; Section 1.1 ("Act"))

Special assessments

Board may levy special assessments for capital improvements; total not to exceed $100.00 per Unit per calendar year unless approved by Majority of Owners; Declarant approval required while Declarant owns Units (Section 6.4)

Collections & liens

Unpaid Assessment becomes lien when filed of record in Office of Clerk of Superior Court, Wake County; Association may foreclose; may suspend Vote and recreational facility use; may accelerate entire year's Assessment after 30 days delinque (Section 6.5)

Reserves & fees

Greater of $10.00 or 10% of unpaid Assessment/installment, if not paid within 30 days after due date (Section 6.5)

Pets

Reasonable number of generally recognized house pets allowed, kept solely as domestic pets and not for commercial purposes (Section 10.5)

Leasing & rentals

Leasing allowed, but not for transient or hotel purposes (Section 10.14.2)

Parking & vehicles

Automobiles operated and parked only on designated portions of Common Areas (Section 10.8)

Architectural approval

No construction, painting or changes to exterior of any Unit or any portion of Condominium (including Limited Common Areas) without prior written approval of Board or architectural committee (Section 10.1)

Home business

No business activities on any portion of Submitted Property (except Declarant's development/sales activities) (Section 10.4)

Signs & flags

No "For Sale" or "For Rent" signs or other signs/advertising posters without prior written permission of Board; exceptions for Declarant, community bulletin board, and Mortgagee foreclosure signs (Section 10.4)

Insurance

Association must maintain: (a) fire/hazard insurance on insurable improvements at full replacement value; (b) boiler insurance if boiler exists ($50,000 minimum per accident); (c) fidelity coverage at least 3 months Assessments plus reserve (Section 8.1)

Use restrictions

All Units restricted exclusively to residential use (except Declarant's rights) (Section 10.3)

Voting & meetings

Each Condominium Unit has Votes as set forth in Schedule of Unit Information (Section 1.1 ("Vote"); Section 3.2)

Amendments

Amendment requires affirmative Vote of Owners with at least 2/3 of total Vote; during Declarant control, requires agreement of Declarant and Owners with 2/3 of Votes (excluding Declarant's Units) (Section 11.1)

Amenities

Non-exclusive right to use tennis court, swimming pool and clubhouse via Amenities Lease with Sweetbriar Forest Homeowners Association, Inc. (Section 3.6)

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