Crown Vue Townhomes Jered

Key facts from Crown Vue Townhomes Jered's documents

Community type

Condominium (Article I, Sec 1.8)

Legal name

Gateway Corner Condominium

Units / lots

Three (3) Units: One building with one Unit, second building with two Units (Article II, Sec 2.3)

Developer / declarant

JIMISH QUICKEL, LLC (Preamble)

Governing law

North Carolina Condominium Act, Chapter 47C (Preambles and Article I Sec 1.1)

Special assessments

Not specifically mentioned; Board may levy assessments for common expenses, which may include unbudgeted items (Article VI, Sec 6.1)

Reserves & fees

Mentioned as part of common expenses: 'allocations to reserves' (Article I, Sec 1.7: 'Common Expenses: ..)

Pets

Generally prohibited unless rules and regulations provide otherwise (Article V, Sec 5.18: 'No pets, animals, )

Leasing & rentals

Unit Owners (other than Declarant) may lease only with prior Board consent (not unreasonably withheld). Lease must be in writing and subject to Declaration. (Article V, Sec 5.6)

Parking & vehicles

Parking areas for temporary parking only; no vehicle storage, repair, maintenance, or sales. No obstruction of parking areas. (Article V, Sec 5.8)

Setbacks / home size

No Unit may be altered to reduce size below 650 sq. ft. of floor space (Article II, Sec 2.4)

Insurance

Casualty insurance on Property with replacement cost not less than 80% of replacement cost; public liability insurance at least $2,000,000 per occurrence. (Article VIII, Sec 8.1 and 8.2)

Use restrictions

No; commercial purposes only, in no event residential (Article V, Sec 5.3: 'Units shall be occu)

Voting & meetings

Majority of votes entitled to be cast present in person or by proxy (Bylaws Article III, Sec 4 (as typical; f)

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