This declaration is used when a unit operator desires to supplement and amend a Declaration of Pooled Unit to include in the unit the oil, gas and mineral leases described in Exhibit A to this Supplement, covering lands within the confines of the Unit Area.
The North Carolina Supplemental Declaration of Pooled Unit is a legal document that defines the rights and responsibilities of unit owners within a condominium or planned community that operates under a system of pooled units. This declaration outlines the terms of ownership and usage of the pooled units and provides guidelines for unit owners to collectively manage and maintain the common areas and amenities. Keywords: North Carolina, Supplemental Declaration, Pooled Unit, condominium, planned community, unit owners, ownership rights, usage rights, common areas, amenities. Types of North Carolina Supplemental Declaration of Pooled Unit: 1. Condominium Pooled Unit Declaration: This type of declaration is specifically tailored for condominiums where unit owners share common areas like lobbies, hallways, elevators, swimming pools, etc. It outlines the specific rules and regulations governing the use and maintenance of these shared facilities. 2. Planned Community Pooled Unit Declaration: This type of declaration is designed for planned communities where unit owners collectively own and maintain common areas such as parks, playgrounds, clubhouse, or any other shared recreation spaces. It sets forth the guidelines for the use, upkeep, and preservation of these community amenities. 3. Mixed-Use Development Pooled Unit Declaration: In certain cases, there may be mixed-use developments consisting of both residential and commercial units. The North Carolina Supplemental Declaration of Pooled Unit for mixed-use developments would outline the rules and regulations for both residential and commercial unit owners, including the shared common areas applicable to both types of units. 4. Mandatory Pooled Unit Declaration: In some instances, the creation of a pooled unit declaration may be mandatory by law or as stipulated in the governing documents of the condominium or planned community. The North Carolina Supplemental Declaration of Pooled Unit in such cases would be required for unit owners to establish the legal framework for managing and maintaining the shared facilities. In conclusion, the North Carolina Supplemental Declaration of Pooled Unit is a crucial legal document that helps unit owners understand their rights and obligations within a pooled unit property. Whether it is a condominium, planned community, mixed-use development, or when mandated by law, this declaration ensures the effective management and enjoyment of common areas and amenities by all unit owners involved.
