Owners can vote down the annual budget; the statute sets no vote on special assessments.
North Carolina's Condominium Act does not require an owner vote for a special assessment; your declaration decides. It does let owners reject the annual budget: the board must send a budget summary and set an owners' meeting 10 to 60 days later, and the budget stands unless a majority of all unit owners (or a larger vote your declaration specifies) rejects it. No quorum is needed at that meeting.
N.C. Gen. Stat. 47C-3-103(c)Notice of an owners' meeting must be hand-delivered, mailed, or emailed (to an address you designated in writing) 10 to 60 days ahead, and must state the time, place and agenda, including any budget changes. The statute sets no notice period for board meetings; those are held as your bylaws provide, with owners given a chance to speak at regular intervals.
N.C. Gen. Stat. 47C-3-108(a)-(b)Financial and other records, including records of meetings, must be made reasonably available for you or your agent to examine, as your bylaws and (for a nonprofit corporation) Chapter 55A of the General Statutes require. The association must also make an annual income and expense statement and balance sheet available to every owner free within 75 days after the fiscal year ends. This section sets no deadline for answering a records request.
N.C. Gen. Stat. 47C-3-118(a)Interest on past-due assessments is set by the association but cannot exceed 18% a year (this section covers condominiums created after 1 Oct 1986; the lien rules also reach older ones). The association must mail you a statement at least 15 days before filing a lien, and you cannot be required to pay attorneys' fees until you get written notice and 15 days to pay the balance without them. Foreclosure by power of sale needs the assessment unpaid 90 days or more and a board vote on your unit, and the board may, but need not, agree to an installment plan.
N.C. Gen. Stat. 47C-3-115(b); 47C-3-116(b), (e), (f), (i)North Carolina's Planned Community Act does not require an owner vote for a special assessment; your declaration decides. It does let owners reject the annual budget: the budget stands unless a majority of all lot owners (or a larger vote your declaration specifies) rejects it at a meeting that needs no quorum. This section applies to communities created on or after 1 Jan 1999 (not to those with 20 or fewer lots, or only non-residential lots, unless the declaration opts in) and to older ones that opted in by amending their declaration.
N.C. Gen. Stat. 47F-3-103(c)Notice of an owners' meeting must be hand-delivered, mailed, or emailed (to an address you designated in writing) 10 to 60 days ahead, and must state the time, place and agenda, including any budget changes. For communities covered by the budget-ratification rule (created on or after 1 Jan 1999), the notice of the budget meeting must also say the budget may be ratified without a quorum. Board meetings are held as your bylaws provide.
N.C. Gen. Stat. 47F-3-108(a)-(b); 47F-3-103(c)Financial and other records, including records of meetings, must be made reasonably available for you or your agent to examine, as your bylaws and Chapter 55A of the General Statutes require. The association must also make an annual income and expense statement and balance sheet available to every owner free within 75 days after the fiscal year ends. This section sets no deadline for answering a records request.
N.C. Gen. Stat. 47F-3-118(a)Interest on past-due assessments is set by the association but cannot exceed 18% a year (for communities created before 1 Jan 1999, interest may be charged only if the declaration provides for it). The association must mail you a statement at least 15 days before filing a lien, and you cannot be required to pay attorneys' fees until you get written notice and 15 days to pay the balance without them. Foreclosure by power of sale needs the assessment unpaid 90 days or more and a board vote on your lot, and the board may, but need not, agree to an installment plan.
N.C. Gen. Stat. 47F-3-115(b); 47F-3-116(b), (e), (f), (i)Summarised from the statutes in November 2026. Not legal advice; your declaration and bylaws may add more rules.