Sun Ray Condominium Owners Association, Inc.

What Sun Ray Condominium Owners Association, Inc.'s governing documents say

Sun Ray is a small condominium community in Carolina Beach, NC, with just two residential units in one building. You own your unit and share ownership of the common elements (land, building structure, parking, etc.) with the other unit owner. The association manages maintenance of common areas and carries master insurance, funded by assessments based on each unit's ownership percentage.

• What you own & maintain: You own the interior of your unit (finished surfaces, interior partitions). The association maintains the common elements (building structure, roof, corridors, parking, elevator, etc.). You are responsible for maintaining your unit and for repairs to limited common elements like windows, doors, and HVAC components that serve only your unit.
• Leasing & rentals: Units may be rented only as entire units (no partial rentals). Leases must be for a term of at least six months. The document does not specify a maximum lease term or require association approval of tenants.
• Pets: The declaration does not mention pets. The rules and regulations section is incomplete, so no pet restrictions are stated in this excerpt.
• Use restrictions: Units are for residential use only. No obnoxious or unlawful activity is allowed. No signs, flags, or banners may be displayed to public view. No planting of shrubs or other vegetation without prior association permission. Vehicles may only be parked in designated areas.
• Assessments & fees: Each owner pays a share of common expenses based on their unit's percentage interest (56% for the upper unit, 44% for the lower unit). Assessments are collected at least quarterly. Unpaid assessments become a lien on the unit after 30 days, and the association can foreclose or sue for collection.
• Alterations & improvements: Structural alterations to your unit require prior written consent from the board. Non-structural changes must be substantially similar to existing construction and must not affect the building's structural integrity. The board must respond to alteration requests within 30 days.
• Insurance: The association carries property insurance on the building and common elements (replacement cost, at least 90% coinsurance) and liability insurance (minimum $500,000 per person, $1,000,000 per occurrence). Each owner should obtain their own insurance for personal property and additional liability coverage.
• What this document doesn't cover: This excerpt does not include complete rules and regulations (e.g., pet policies, parking details, noise restrictions) or information about amenities, age restrictions, or rental caps. The rules and regulations section is truncated and may contain additional restrictions not shown here.

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.