1516 South Lake Park Condominiums
Homeowners association — you own your lot and home; the association maintains common areas and enforces covenants.
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What 1516 South Lake Park Condominiums's governing documents say
1516 South Lake Park Condominiums is a condominium community in Wilmington, NC — you own your individual unit and share ownership of the building's common elements, which the association maintains and insures, funded by per-unit assessments. This declaration establishes the condominium regime and applies to all unit owners.
- What you own & maintain: You own the interior of your unit (walls, floors, ceilings, fixtures, and separate HVAC). The association maintains common elements like foundations, roofs, exterior walls, stairways, parking areas, and utility systems serving multiple units. Decks, porches, and storage spaces are limited common elements for your exclusive use but maintained by the association.
- Use restrictions: Units are for single-family residential use only. No immoral, offensive, or nuisance activities. No structural modifications or exterior changes (including painting, antennas, signs) without board approval. No grills within 10 feet of the building. No boats, trailers, or motor homes on the property except in designated areas. No satellite dishes without board approval.
- Leasing & rentals: Long-term leases are allowed (no minimum term stated in this document). The declaration permits rental of individual units.
- Pets: The association may require removal of any pet that becomes a nuisance. No other pet restrictions are stated in this document.
- Parking & vehicles: The association has exclusive right to assign parking spaces and designate their use. Boats, trailers, and motor homes may not be stored on the property except in areas designated by the association.
- Architectural review: No structural modifications or exterior alterations (including painting, antennas, signs) without prior written board consent. No objects may be affixed to common elements or limited common elements without board approval.
- Assessments & fees: Unit owners must pay assessments for common expenses based on their allocated interest. No owner may avoid assessments by waiving use of common areas. Fines for violations may not exceed $150 per day.
- Insurance: The association carries hazard insurance on buildings and liability insurance (minimum $1,000,000 per occurrence). Flood insurance required if in a special flood hazard area. Unit owners may obtain their own coverage for personal property and unit improvements.
Key facts from 1516 South Lake Park Condominiums's documents
- Community type
- Condominium
- Legal name
- 1516 South Lake Park Condominiums
- Developer / declarant
- Homeboy Homes, LLC
- Governing law
- North Carolina Condominium Act, Chapter 47C of the North Carolina General Statutes (Preamble (WHEREAS) and Section 1.a)
- Collections & liens
- Any rights the Association may have to place a lien upon the property of the unit owner shall be subordinate to and inferior to any deed of trust or mortgage that said unit owner has placed on his property. (Section 18)
- Reserves & fees
- Common expenses include a capital reserve for repair, maintenance, and replacement. (Section 1.i)
- Pets
- Pets are allowed but the Unitowners Association may require the Unit Owner to remove any pet from their Unit if it is determined that the pet is nuisance. (Section 9.i)
- Leasing & rentals
- Rental and long term leases of individual units by the owner are allowed. (Section 9.a)
- Parking & vehicles
- No boats, trailers, motor homes or similar vehicles may be stored on the property or common areas, except as designated by the Unitowners Association. (Section 9.f)
- Architectural approval
- No structural modification or alteration and no change to the exterior of the building (including painting, installing television or radio antenna or installing signs) shall be made without first obtaining the written consent of the Board o (Section 9.c)
- Signs & flags
- No unit owner shall alter the appearance of the exterior portion of the building (including installing signs) without obtaining written consent of the Board of Directors. (Section 9.c)
- Maintenance
- The respective responsibilities of the unit owners and the Association to maintain, repair and replace the property shall be as set forth in the Bylaws. (Section 12)
- Insurance
- Any deductibles payable in the event of loss shall be paid by the Association and chargeable to the Association as a common expense. (Section 14.c)
- Use restrictions
- Each unit shall be used for single-family residential purposes only, which shall include the rental and long term leases of individual units by the owner. (Section 9.a)
- Voting & meetings
- Allocated interests include votes in the Association, allocated per unit as set forth in Exhibit C. (Section 1.b, Section 6)
About this HOA
1516 South Lake Park Condominiums is a homeowners association in Carolina Beach, NC.
HOAproxy has 3 documents on file for 1516 South Lake Park Condominiums: 1 amendment, 1 CC&R, and 1 recorded document. Last updated 2026-08-22.
Governing documents
- Declaration of Covenants (2005) · Bk 4756/Pg 783 (15 pages) — PDF
- 00 (6 pages) — PDF
- Document (38 pages) — PDF