A condominium association is an association of unit owners in a condominium building. The association elects a board of directors, which handles the maintenance and repair of common areas, disputes among unit owners, and enforcement of rules and regulations, and condominium fees. The rules and regulations are normally adopted by the board of directors of the association.
North Carolina Rules and Regulations of an Association of Owners of a Condominium Association
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FAQ
All homeowners' associations in North Carolina must be incorporated, with associations formed after January 1, 1999, and subject to the PCA required to be organized as non-profit corporations. N.C.G.S. §47F-3-101.
Four Year Records After this time, the records can be discarded. Four-year records for HOAs include legal documents, financial documents, business correspondences, and other types of documents. This includes: Member check-in sheets, ballots, and proxies for meetings.
In other words, HOA rules cannot override state or federal laws, nor can they contradict the city or county ordinances that govern the area in which the HOA is located.
Is there a statute of limitations on HOA violations in North Carolina / South Carolina? In North Carolina, financial penalties must be imposed within three years of the violation.
Your homeowners association, or HOA, is imbued with certain authority. For example, your HOA Board may have the power to collect dues, to plan special assessments, to conduct HOA elections, and to conduct various legal and business transactions on the community's behalf.
Subdivisions with homeowners' associations established after Jan. 1, 1999, are governed by the North Carolina Planned Community Act found in Chapter 47F of the North Carolina General Statutes. However, no state or federal agency oversees homeowners' associations.