Conveyance or encumbrance of common elements
- Statute:
- North Carolina §47C-3-112 · Chapter 47C (North Carolina Condominium Act)
- Topic:
- Ownership · Selling common elements
- Applies to:
- Condo associations
Portions of the common elements may be conveyed or subjected to a security interest by the association if persons entitled to cast at least 80 percent of the votes (including 80 percent of the votes allocated to units not owned by a declarant) agree, unless the declaration requires more. Also applies to pre-1986 condos.
📄 Read the official text at ncleg.gov →
How SoShiny helps with Conveyance or encumbrance of common elements
SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.
See the feature → Start freeFrequently asked
- What does North Carolina §47C-3-112 require?
- Portions of the common elements may be conveyed or subjected to a security interest by the association if persons entitled to cast at least 80 percent of the votes (including 80 percent of the votes allocated to units not owned by a declarant) agree, unless the declaration requires more. Also applies to pre-1986 condos.
- Who does North Carolina §47C-3-112 apply to?
- North Carolina §47C-3-112 applies to Condo associations in North Carolina.
- What happens if our condo doesn't comply with §47C-3-112?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for North Carolina community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of North Carolina §47C-3-112?
- The official text is published by the North Carolina General Assembly at ncleg.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Conveyance or encumbrance of common elements?
- SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →
Not legal advice. This page is a plain-English summary of North Carolina §47C-3-112 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a North Carolina-licensed attorney. For the official statutory text, see the link above.
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