Appeals Court ruling favors Cedars of Chapel Hill condo fees (NC)
A state Court of Appeals panel ruled Tuesday that a local retirement community can continue collecting membership and monthly overhead fees while fighting a multimillion-dollar lawsuit. At issue are membership fees that Cedars of Chapel Hill residents pay when they buy a condominium – equal to 10 percent of the gross purchase price. Residents also pay a monthly fee that covers the cost of certain amenities. The Cedars is located in Chapel Hill’s Meadowmont community. Read the article………..