Waltonwood at Providence

Key facts from Waltonwood at Providence's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title/Header)

Legal name

Waltonwood at Providence Property Owners Association, Inc. (Section 1.2)

Developer / declarant

Waltonwood at Providence, LLC, a North Carolina Limited Liability Company (Preamble/Recitals)

Governing law

North Carolina Condominium Act, Chapter 47C (Preamble/Recitals)

Assessments & dues

Determined annually by Board; not fixed (Bylaws Article II Section 2(a))

Special assessments

Permitted; may be levied by Board with majority Owner approval, except for maintenance of first-class operation which can be levied without vote (Bylaws Article II Section 2(b))

Collections & liens

Any sum assessed remaining unpaid more than 30 days after notice and right to cure constitutes a lien on the Unit enforceable per §47C-3-116 (Section 8.2)

Reserves & fees

Common Expenses include statutorily allowed reserve (Section 1.8: "the statutorily allowed re)

Pets

Not explicitly addressed; however, no pet restrictions mentioned (No mention)

Leasing & rentals

Yes, but any lease must be in writing and provide that terms are subject to Condominium Documents (Section 7.6)

Parking & vehicles

All parking spaces designated for parking reserved for exclusive use of lessees, employees, guests, licensees, invitees, visitors; no expressly reserved spaces for Units except handicapped; Declarant allocates parking in accordance with Com (Section 5.5)

Home business

Not explicitly permitted; likely restricted by residential use but ancillary services allowed (Article 7.1 (ancillary services listed))

Signs & flags

No signs on exterior of any Unit or Common Elements except as provided; Declarant may install advertising signs during control period; each Owner may install interior signs not visible from outside, exterior door entry signs, and signs appr (Section 7.10)

Maintenance

Roof is part of Common Elements (structural elements not part of Units) – Association responsible (Section 5.1(c): "roofs... and all other )

Insurance

Association obtains property insurance on Common Elements and other parts not insured by Owners; full replacement cost required (Declaration 11.1)

Use restrictions

Unit 1 for independent living residential community; Unit 2 for assisted living residential and care community; all Units for lawful residential purposes reasonably compatible (Background Statement; Section 7.1)

Voting & meetings

Based on Common Area Interest (undivided percentage interest in Common Areas allocated to each Unit) (Section 1.6, Section 5.3)

Amendments

Unanimous vote of all Unit Owners (in person or proxy) unless other specific provisions; amendments affecting Common Area Interest, number of Units, boundaries, use restrictions, or Article XIII require written approval of all Owners and co (Article XIII)

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