Zzvanderbilt
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What Zzvanderbilt's governing documents say
This is a declaration of condominium for Vanderbilt Offices Condominium, a commercial condominium in Taylortown, NC, with eight office units. It governs the owners of the units, who share common elements and are subject to the association's rules and assessments.
- What you own & maintain: You own your unit's interior space, but the association maintains common elements like the building structure, roofs, corridors, and parking areas. You are responsible for maintaining your unit and certain limited common elements like HVAC systems serving your unit.
- Permitted use (office only): All units must be used for professional or commercial office purposes only; residential use is not allowed.
- Leasing & rentals: Leases must be for at least 30 days, in writing, and only to lessees and their employees/agents for office purposes. Transient tenants are prohibited.
- Pets & nuisance: No obnoxious or offensive activity is allowed; the declaration does not mention pets, but common areas cannot be used for storage or obstructed.
- Parking & vehicles: Vehicles must be parked only in designated common element areas; no parking or storage elsewhere.
- Signs & exterior changes: No signs, flags, or banners visible from outside without prior written consent of the executive board. Shrubbery and plantings require prior written permission.
- Assessments & fees: Each owner pays a share of common expenses equal to their percentage interest (12.5% per unit), collected at least quarterly. Unpaid assessments become a lien on the unit.
- What this document doesn't cover: This excerpt does not include the association's bylaws, rules and regulations, or details on insurance coverage beyond minimum liability limits. It also doesn't specify any age restrictions or amenities.
Key facts from Zzvanderbilt's documents
- Community type
- Condominium (Article II)
- Legal name
- Vanderbilt Owners' Association, Inc. (Section 1.1)
- Developer / declarant
- BPC & Associates, LLC, a North Carolina Limited Liability Company (Preamble)
- Governing law
- North Carolina Condominium Act, Chapter 47C of the North Carolina General Statutes (Preamble)
- Assessments & dues
- Each Owner contributes a percentage share of Common Expenses equal to their allocated interest in Common Elements; due dates established by Executive Board, collected at least quarterly. (Section 11.2)
- Special assessments
- Not explicitly addressed; assessments may include payment for public and private capital improvements to Common Elements. (Section 11.4)
- Collections & liens
- Any sum assessed by the Association remaining unpaid for 30 days or longer constitutes a lien on the Unit upon filing in accordance with N.C.G.S. 47C-3-116. (Section 9.2)
- Reserves & fees
- Common Expenses include allocations to reserves. (Section 1.5)
- Leasing & rentals
- Yes, with restrictions (Section 7.7)
- Parking & vehicles
- No Owner or any employee, agent, or invitee of any Owner shall park, store or keep any vehicle except wholly within those portions of the Common Elements designated for such use by the Association. (Section 7.5)
- Architectural approval
- Units may be altered pursuant to N.C.G.S. 47C-2-111; conditions include notifying Association in writing, using substantially similar materials, not affecting structural soundness, and Owner bears all costs. (Section 10.6)
- Home business
- All Units shall be used for professional office or commercial office purposes only. (Section 7.1)
- Signs & flags
- No signs, flags or banners of any kind shall be displayed to the public view from any Unit or from the Common Elements without the prior written consent of the Executive Board. (Section 7.9)
- Setbacks / home size
- Each unit shall contain approximately 1,250 square feet. (Article III)
- Maintenance
- Roofs are part of Common Elements; Association responsible for maintenance. (Section 6.1(b))
- Insurance
- Executive Board shall obtain insurance on Building and improvements, and personal property in Common Elements, at replacement value, covering all risks of direct physical loss including fire and extended coverage perils. (Section 12.1)
- Use restrictions
- No - all Units shall be used for professional office or commercial office purposes only. (Section 7.1)
- Voting & meetings
- Each unit has one vote in the Association (per Exhibit B, each unit has 1 vote) (Exhibit B)
- Amendments
- Declaration may be amended by vote of Owners of Units to which at least 50% of ownership is allocated, with consent of their Mortgagees. Amendments changing allocated interests, number of units, boundaries, special declarant rights, or use (Article XV)
About this HOA
Zzvanderbilt is a homeowners association in Raleigh, NC.
HOAproxy has 1 document on file for Zzvanderbilt: 1 recorded document. Last updated 2026-06-25.
Governing documents
- Zzvanderbilt 0 (21 pages) — PDF