§ 47A-20 – Records of receipts and expenditures; availability for examination; annual audit.
47A-20. Records of receipts and expenditures; availability for examination; annual audit. The manager or board of directors, or other form of administration provided in the bylaws, as the case may be, shall keep detailed, accurate records in chronological order of the receipts and expenditures affecting the common areas and facilities, specifying and identifying the maintenance […]
§ 47A-21 – Units taxed separately.
47A-21. Units taxed separately. Each condominium unit and its percentage of undivided interest in the common areas and facilities shall be deemed to be a parcel and shall be separately assessed and taxed by each assessing unit and special district for all types of taxes authorized by law including but not limited to special ad […]
§ 47A-22 – Liens for unpaid common expenses; recordation; priorities; foreclosure.
47A-22. Liens for unpaid common expenses; recordation; priorities; foreclosure. (a) Any sum assessed by the association of unit owners for the share of the common expenses chargeable to any unit, and remaining unpaid for a period of 30 days or longer, shall constitute a lien on such unit when filed of record in the office […]
§ 47A-23 – Liability of grantor and grantee of unit for unpaid common expenses.
47A-23. Liability of grantor and grantee of unit for unpaid common expenses. The grantee of a unit shall be jointly and severally liable with the grantor for all unpaid assessments against the latter for his proportionate share of the common expenses up to the time of the grant or conveyance, without prejudice to the grantee’s […]
§ 47A-24 – Insurance on property; right to insure units.
47A-24. Insurance on property; right to insure units. The manager of the board of directors, or other managing body, if required by the declaration, bylaws or by a majority of the unit owners, shall have the authority to, and shall, obtain insurance for the property against loss or damage by fire and such other hazards […]
§ 47A-9 – Maintenance, repair and improvements to common areas and facilities; access to units for repairs.
47A-9. Maintenance, repair and improvements to common areas and facilities; access to units for repairs. The necessary work of maintenance, repair, and replacement of the common areas and facilities and the making of any additions or improvements thereto shall be carried out only as provided herein and in the bylaws. The association of unit owners […]
§ 47A-10 – Compliance with bylaws, regulations and covenants; damages; injunctions.
47A-10. Compliance with bylaws, regulations and covenants; damages; injunctions. Each unit owner shall comply strictly with the bylaws and with the administrative rules and regulations adopted pursuant thereto, as either of the same may be lawfully amended from time to time, and with the covenants, conditions and restrictions set forth in the declaration or in […]
§ 47A-11 – Unit owners not to jeopardize safety of property or impair easements.
47A-11. Unit owners not to jeopardize safety of property or impair easements. No unit owner shall do any work which would jeopardize the soundness or safety of the property or impair any easement or hereditament without in every such case the unanimous consent of all the other unit owners affected being first obtained. (1963, c. […]
§ 47A-12 – Unit owners to contribute to common expenses; distribution of common profits.
47A-12. Unit owners to contribute to common expenses; distribution of common profits. The unit owners are bound to contribute pro rata, in the percentages computed according to G.S. 47A-6 of this Article, toward the expenses of administration and of maintenance and repair of the general common areas and facilities and, in proper cases of the […]
§ 47A-13 – Declaration creating unit ownership; contents; recordation.
47A-13. Declaration creating unit ownership; contents; recordation. The declaration creating and establishing unit ownership as provided in G.S. 47A-3 of this Article, shall be recorded in the office of the county register of deeds and shall contain the following particulars: (1) Description of the land on which the building and improvements are or are to […]