Sea Oats at Kure Beach

What Sea Oats at Kure Beach's governing documents say

Sea Oats at Kure Beach is a condominium community in Wilmington, NC — you own your individual unit and share ownership of the building's common elements. The association maintains the common areas and carries master insurance, funded by assessments based on each unit's percentage interest. This document is the original 1988 Declaration of Condominium, which sets the basic framework for ownership, maintenance, and governance.

• What you own & maintain: You own the interior surfaces of your unit (walls, floors, ceilings) and everything attached to them (carpet, paint, fixtures). The association maintains all common elements — foundations, exterior walls, roof, stairways, yard areas, parking, and utility infrastructure. You must keep your unit in good repair and comply with insurance requirements.
• Leasing & rentals: Units may be rented for residential and lodging accommodations, subject to rules and regulations set by the association. No minimum lease term is stated in this document, but the association may adopt rules.
• Assessments & fees: Each unit owner pays a share of common expenses based on their percentage interest (set in Exhibit B). Assessments are due as determined by the board; unpaid assessments bear interest and create a lien on the unit. A working capital contribution equal to two months' estimated assessments is required upon purchase from the declarant.
• Insurance: The association must carry fire and extended coverage insurance on the building (excluding owner-added fixtures) and public liability insurance of at least $100,000 per occurrence. Unit owners may buy additional insurance for their own unit. Insurance proceeds are held in trust for repair or distribution.
• Amendments & termination: The declaration can be amended by a vote of 75% of unit owners. The condominium can be terminated only by agreement of 80% of unit owners, in compliance with state law.
• What this document doesn't cover: This document does not include specific rules on pets, parking, age restrictions, architectural changes, or rental caps. Those may be in the association's bylaws or rules and regulations.

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.