Property Ownership

In NC, the NC Homeowners Association Act (Chapter 47F) was designed to apply to which type of community?

ACondominiums formed after 1986
BPlanned communities (subdivisions with mandatory HOAs) created on or after October 1, 1998✓ Correct
CAll rental communities with 10 or more units
DCommercial property owner associations

Explanation

The NC Planned Community Act (Chapter 47F) applies to planned communities with mandatory homeowners associations created on or after October 1, 1998.

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