The Keys at Kure Beach

What The Keys at Kure Beach's governing documents say

The Keys at Kure Beach is a townhome community in Wilmington, NC, governed by a Declaration of Condominium and By-Laws. You own your individual townhouse unit and an undivided 1/10 interest in the common elements. The association maintains common areas and carries master insurance, funded by assessments on unit owners.

• What you own & maintain: You own your unit (approximately 1,500 sq ft) and a 1/10 undivided interest in common elements. You are responsible for all maintenance and repairs inside your unit, including structural and non-structural items. The association maintains common elements, including land, roads, parking, and utility installations.
• Leasing & rentals: Leases must be for at least 12 consecutive months. Only the entire unit may be rented; no single rooms. Leases must comply with association rules and regulations.
• Use restrictions: Units may only be used for residential purposes by a family. No unit may be divided or subdivided. No use that is a source of annoyance to residents or that increases insurance rates is permitted.
• Assessments & fees: The board sets annual common charges based on a budget. Unpaid assessments accrue interest at the legal rate and create a lien on the unit. Owners must also pay assessments to the Kure Beach Village Homeowners Association.
• Alterations & improvements: Structural additions or alterations to your unit require prior written board approval. The board must respond within 30 days; failure to respond constitutes consent. The board may make common element improvements costing over $5,000 only with unit owner approval.
• Insurance: The association carries master property and liability insurance on common areas. Each unit owner must maintain insurance on their unit for replacement cost, covering fire, tornado, windstorm, and flood, and provide proof to the board upon request.
• Voting & meetings: Each unit has one vote at owner meetings. A quorum requires 60% of total votes. Annual meetings are held on the first Saturday in October. The board consists of three members elected for three-year terms.
• What this document doesn't cover: This document does not specify pet rules, parking regulations, age restrictions, or architectural review guidelines beyond structural alterations. It also does not detail amenity usage rules or specific fines for violations.

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.