Carolina Lake Beach Villas

What Carolina Lake Beach Villas's governing documents say

Carolina Lake Beach Villas is a condominium community in Wilmington, NC — you own your individual unit and an undivided share of the common areas, which the homeowners association maintains and insures. The declaration governs Phase I (12 units) with a possible future Phase II (up to 18 units).

• What you own & maintain: You own the interior finished surfaces of your unit (walls, floors, ceilings), non-load-bearing interior walls, interior finishes, windows, exterior doors, and all HVAC, plumbing, and electrical lines within the unit. You must maintain and repair all interior surfaces, appliances, and equipment in your unit. The association maintains all common areas, including foundations, exterior walls, roofs, stairways, parking, pool, and utility infrastructure.
• Use restrictions: Units are restricted to single-family residential use by the owner, immediate family, guests, invitees, and lessees. No business activity, immoral or unlawful use, or nuisance is allowed. No structural modifications or exterior alterations (including painting, awnings, antennas) without written association consent. No fences, vegetation changes, or objects fixed to common areas without approval.
• Pets: No animals, livestock, or poultry of any kind may be raised, bred, or kept on any part of the property.
• Leasing & rentals: Leases are permitted (no minimum term stated in this excerpt), but all lessees must comply with the declaration, bylaws, and rules. The declaration does not specify a minimum lease term or require association approval for leases.
• Parking & vehicles: Each unit (except Units 9B-12B) has an assigned garage space as a limited common area. Garage spaces 1BG-2BG, 5BG-6BG, 3BG-4BG, and 7BG-8BG are subject to easements for stairwell access. Boat trailers may be kept on the property if they do not block roadways. No trailers, tents, barns, storage campers, sheds, or other outbuildings are allowed.
• Insurance: The association must carry property insurance on all buildings and improvements (excluding foundations) at full replacement value, plus public liability insurance of at least $1 million. Each unit owner may obtain their own insurance for their unit and personal property. Insurance proceeds are held in trust by the association for reconstruction or distribution.
• Assessments & common expenses: Common expenses are shared by unit owners based on their proportionate ownership interest in the common areas. The association may levy special assessments for alterations or improvements that benefit specific units. Assessments are collected as provided in the declaration and bylaws.
• What this document doesn't cover: This excerpt does not specify current assessment amounts, pet weight or breed limits, rental caps, age restrictions, or detailed architectural review procedures. It also does not include the full bylaws or rules and regulations, which may contain additional restrictions.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.