1113 Mackerel Lane, a Condominium

What 1113 Mackerel Lane, a Condominium's governing documents say

1113 Mackerel Lane is a two-unit condominium in Carolina Beach, NC. You own your unit and an undivided one-half interest in the common elements. The association (1113 Mackerel Lane Homeowner's Association) maintains the common areas and carries master insurance.

• What you own & maintain: Each unit is a three-story, 1,220 sq ft residence. You own the interior of your unit; the association maintains the common elements (exterior walls, roof, structural components, and shared systems). Limited common elements (decks, porches, exterior doors/windows serving only your unit) are for your exclusive use but maintained by the association.
• Use restrictions: Units may only be used as a residence by a family, its servants, and guests. No unit may be subdivided, and no single rooms may be rented. No use that is a source of annoyance or that increases insurance rates is permitted.
• Party walls: The wall between the two units is a party wall and is part of the common elements. Repair and maintenance costs are shared in proportion to use. If an owner's negligent or willful act exposes the wall to the elements, that owner bears the full cost of protection.
• Architectural review: No exterior structure, addition, or change may be made without written approval from the Board. Changing the exterior color scheme requires unanimous approval of both unit owners at a duly called meeting.
• Assessments & liens: The Board determines common charges and collects them from unit owners. Unpaid assessments create a lien on the unit under North Carolina law. Association liens are subordinate to first mortgages or deeds of trust.
• Governance: The association is managed by a two-person Board of Managers, each an owner or spouse of an owner of a unit. Board members serve three-year terms. The Declaration can only be amended by an instrument executed by both unit owners and recorded.
• What this document doesn't cover: This excerpt does not include specific assessment amounts, pet rules, lease term minimums, or parking regulations. Those may be in the Rules and Regulations or other documents not provided.

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.