Blog
Understanding the Marketable Title Act in North Carolina: What Your Association’s Board Needs to Know
Commonly, in North Carolina, individuals live and own homes in planned communities. These planned communities are often condominium associations, townhome associations, or homeowner associations. It is important to know that all these types of communities are commonly governed by a declaration of restrictive covenants, or other similar recorded legal documents which create covenants within the...
Reclaiming Ownership from Minority Shareholders: The Significance of the Shareholder Agreement
You’re a businessman who’ve poured years into building your own small business. Finding yourself short of needed funds, you decide to bring on some shareholders. So you do just that; reaching out into your community, you bring on a new minority shareholder to get cash flowing. Years pass uneventfully. Then, you and the minority shareholder have a falling out. You want to find some way to divorce...
Waiver in the Context of Covenant Enforcement
Are you bound by the past decisions of board members as it relates to enforcement of restrictive covenants? What constitutes a “waiver” of restrictive covenants? These are common questions among HOA boards throughout North Carolina. The nature of HOAs involves turnover as newly elected board members pick up where others have left off. Often, this includes discovering violations that were either...
Tenant Experiences Explosive Consequences for Failure to Notify Landlord of Property Defect
North Carolina landlord-tenant law may seem daunting at first, but the attorneys of Jordan Price are prepared to assist our clients in navigating all kinds of tricky landlord-tenant situations. I would like to discuss certain aspects of a case in which the failure of the tenant to take timely action with respect to a dangerous defect in a leased property resulted in devastating consequences for...