Condos & Townhomes in Mooresville North Carolina - Information You Need

As townhome & condo communities become more & more popular with home buyers in the Mooresville/ Lake Norman North Carolina region we frequently receive questions from buyers about the style of living & the difference between single family home communities & condo complexes. This series will attempt to provide answers to all of these questions in this upcoming series.

What is a Declaration of Restrictive Covenants or Declaration of Condominiums?

Unit ownership in both types of properties -condos & townhomes- is subject to restrictive covenants, also known as deed restrictions.  These are contained in a recorded legal document called a "Declaration of Condominiums" or "Declaration of Restrictive Covenants" & is recorded at the county Register of Deeds office.  The declaration describes the nature of the project & establishes rules to govern the use of the units & common areas. For example, the properties may be limited to residential use, require units to be a certain minimum size & architectural style, etc.

Will the closing attorney or real estate agent provide the buyer with a copy of the restrictive covenants & bylaws of the homeowners association?

Not Necessarily. Neither has the specific duty of providing you with these documents but will do so if you request them. If the real estate agent does provide you with a copy be aware that they may not be the most current, since they remain subject to amendment by the developer or homeowners' association. We would advise you to directly consult with the closing attorney or the homeowners association to ensure that you receive the latest covenants!