§ 47C-4-101 – Applicability; waiver.
47C-4-101. Applicability; waiver. (a) This Article applies to all units subject to this chapter, except as provided in subsection (b) or as modified or waived by agreement of purchasers of units in a condominium in which all units are restricted to nonresidential use. (b) Neither a public offering statement nor a resale certificate need be […]
§ 47C-4-102 – Liability for public offering statement requirements.
47C-4-102. Liability for public offering statement requirements. (a) Except as provided in subsection (b), a declarant must, prior to the offering of any interest in a unit to the public, prepare a public offering statement conforming to the requirements of G.S. 47C-4-103, 47C-4-104, 47C-4-105, and 47C-4-106. (b) A declarant may transfer responsibility for preparation of […]
§ 47C-3-115 – Assessments for common expense.
47C-3-115. Assessments for common expense. (a) Until the association makes a common expense assessment, the declarant shall pay all the common expenses. After any assessment has been made by the association, assessments thereafter must be made at least annually by the association. (b) Except for assessments under subsections (c), (d), and (e), all common expenses […]
§ 47C-3-116 – Lien for sums due the association; enforcement.
47C-3-116. Lien for sums due the association; enforcement. (a) Any assessment attributable to a unit which remains unpaid for a period of 30 days or longer shall constitute a lien on that unit when a claim of lien is filed of record in the office of the clerk of superior court of the county in […]
§ 47C-3-116.1 – Validation of certain nonjudicial foreclosure proceedings and sales.
47C-3-116.1. Validation of certain nonjudicial foreclosure proceedings and sales. All nonjudicial foreclosure proceedings commenced by an association before October 1, 2013, and all sales and transfers of real property as part of those proceedings pursuant to the provisions of this Chapter, Chapter 47A of the General Statutes, or provisions contained in the declaration of the […]
§ 47C-3-117 – Other liens affecting the condominium.
47C-3-117. Other liens affecting the condominium. (a) A judgment for money against the association is not a lien on the common elements, but if docketed is a lien in favor of the judgment lienholder against all of the units in the condominium at the time the judgment was entered. No other property of a unit […]
§ 47C-3-118 – Association records.
47C-3-118. Association records. (a) The association shall keep financial records sufficiently detailed to enable the association to comply with this chapter. All financial and other records, including records of meetings of the association and executive board, shall be made reasonably available for examination by any unit owner and the unit owner’s authorized agents as required […]
§ 47C-3-106 – Bylaws.
47C-3-106. Bylaws. (a) The bylaws of the association shall provide for: (1) The number of members of the executive board and the titles of the officers of the association; (2) Election by the executive board of the officers of the association; (3) The qualifications, powers and duties, terms of office, and manner of electing and […]
§ 47C-3-107 – Upkeep; damages; assessments for damages, fines.
47C-3-107. Upkeep; damages; assessments for damages, fines. (a) Except as provided in G.S. 47C-3-113(h), the association is responsible for causing the common elements to be maintained, repaired, and replaced when necessary and to assess the unit owners as necessary to recover the costs of such maintenance, repair, or replacement except that the cost of maintenance, […]
§ 47C-3-107.1 – Procedures for fines and suspension of condominium privileges or services.
47C-3-107.1. Procedures for fines and suspension of condominium privileges or services. Unless a specific procedure for the imposition of fines or suspension of condominium privileges or services is provided for in the declaration, a hearing shall be held before the executive board or an adjudicatory panel appointed by the executive board to determine if any […]