Sandycreek

What Sandycreek's governing documents say

Sandy Creek is a condominium community in Sandy Creek, NC, established under the North Carolina Unit Ownership Act. You own your individual townhouse unit and share ownership of the common elements (like roofs, parking, and a swimming pool) with other unit owners. The association maintains the common areas and carries master insurance. The community was planned in multiple phases, with up to 168 units total.

• What you own & maintain: You own the interior space of your unit (walls, floors, ceilings) and any fixtures serving only your unit. The association maintains all common elements, including foundations, exterior walls, roofs, parking areas, and the swimming pool. Limited common elements like patios and balconies are for your exclusive use but maintained by the association.
• Leasing & rentals: Units cannot be rented for transient or hotel purposes, defined as rentals for less than 30 days or rentals that include hotel-style services (e.g., daily maid service). Other than that, owners have the right to lease their units, subject to the declaration and bylaws.
• Assessments & liens: The association levies assessments for common expenses, and unpaid assessments become a lien on the unit, prior to all other liens except tax liens and first mortgages. The association can foreclose on the lien like a mortgage.
• Insurance: The association carries casualty insurance on the buildings (replacement cost) and liability insurance (at least $1 million per occurrence). Unit owners may buy additional insurance for personal property and improvements.
• Reconstruction after damage: If a casualty damages the property, the association must promptly repair using insurance proceeds. If two-thirds or more of units are untenantable, owners with 75% voting power may vote not to rebuild, in which case the property is owned as tenants in common and may be sold.
• Developer rights & phasing: The developer reserved the right to add up to three additional phases (Phase IB, IIA, IIB) within five years, increasing the total to 168 units. The developer could amend the declaration without unit owner consent to add phases and adjust common element interests.
• Use restrictions: Units may be used only as private dwellings for the owner, family, tenants, and social guests. No commercial use is allowed.

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.