Planned communities across the Triangle, the Triad, and the coast rely on volunteer boards. Bellum takes the financial half of that job off their hands.
North Carolina stacks several statutes on top of each other. Which one governs your association depends on whether it is a planned community or a condominium, when it was created, and whether it was incorporated as a nonprofit — and portions of the statutes reach backward to older associations regardless.
That complexity lands on the board as paperwork. Bellum absorbs the financial share of it: assessments billed and tracked, statements issued monthly, reserves monitored against the schedule, and records kept in a state where an owner request is a five-minute answer.
General orientation only — your association attorney is the authority for your community.
Chapter 47F of the General Statutes applies to planned communities created on or after January 1, 1999, subject to the exceptions in the statute — including communities of no more than twenty lots and those restricted to nonresidential use, unless the declaration provides otherwise. It addresses how communities are operated and the association's authority over assessments.
Chapter 47C governs condominiums created on or after October 1, 1986, running parallel to Chapter 47F but on its own terms. Certain provisions may also apply to communities created before these dates, depending on the circumstances, so the governing framework should be confirmed for each association.
Chapter 55A governs the corporate structure of most North Carolina associations, since the majority are incorporated as nonprofits. It fills gaps the community association statutes leave open — including several around records and meetings.
Bellum supports associations across North Carolina remotely, with clients and communities in markets including those below.
Partly. A meaningful share of Chapter 47F applies retroactively to associations created before the operative date, while the rest does not. Your attorney can map which provisions reach your community — our reporting works the same either way.
We track and report against a reserve study, and we will tell you plainly when your funding is drifting off schedule. Commissioning the study itself is a specialist engagement we can point you toward.
Yes, and it is common. We start by reconciling what you have, identify what is missing, and give you a written picture of the financial position before the handoff completes.
Share your current financials and we will give you an honest read on where they stand.