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………..


Related Articles

State launched electronic database to clear confusion, post docs for Ala. homeowners’ associations

The database is a direct result of 2015’s Alabama Homeowners’ Association Act, which Governor Robert Bentley signed into law requiring

Colorado Legislature advancing construction-defects study group rather than reform

Colorado business leaders’ consolation prize for their failed negotiations to put together a package of construction-defects reform bills this year

Third District Appellate Opinion May Affect Collection Strategies

In its recent opinion in the case of Aventura Management, LLC vs. Spiaggia Ocean Condominium Association, Inc., the Third District