2 Henderson Condominium

What 2 Henderson Condominium's governing documents say

2 Henderson Condominium is a two-unit condominium building in Wrightsville Beach, NC. You own your individual unit and share ownership of the common elements with the other unit owner. The association maintains the building's structure and common areas, and each owner pays assessments based on a 50% share.

• What you own & maintain: You own the interior of your unit (bounded by interior surface materials of perimeter walls, ceilings, and floors). You are responsible for maintenance and repair within your unit, including wiring, plumbing, HVAC, appliances, interior surfaces, exterior doors, and windows. The association maintains all common elements and limited common elements (like decks, porches, and designated parking).
• Common elements & limited common elements: Common elements include foundations, roofs, exterior walls, stairways, halls, yards, parking areas, and utility infrastructure serving more than one unit. Limited common elements (decks, porches, storage spaces, and designated parking) are reserved for the exclusive use of the adjacent unit owner.
• Assessments & common expenses: Each unit owner pays 50% of common expenses (maintenance, insurance, reserves, etc.). Assessments are levied by the board as set forth in the bylaws. No owner may exempt themselves by waiving use of common elements.
• Use restrictions: No immoral, offensive, or unlawful use. No structural alterations or exterior changes (painting, antennas, signs) without board approval. No grills within 10 feet of the building. Boats, trailers, and motor homes may not be stored on the property except in designated areas.
• Leasing & rentals: The declaration does not specify a minimum lease term or restrict leasing beyond general compliance with the declaration, bylaws, and rules. (Note: The document is a declaration of condominium; additional leasing rules may exist in the bylaws or association rules.)
• Pets: The declaration does not address pets. (Check bylaws or association rules for pet restrictions.)
• Insurance: The association must maintain property insurance on the building (including original finishes of units) and liability insurance of at least $1,000,000 per occurrence. Flood insurance is required if in a special flood hazard area. Unit owners are responsible for deductibles and losses caused by their acts.
• Party walls: Walls and flooring between units are party walls. Repair costs are shared proportionally by the owners who use the wall. Negligent damage is the responsibility of the causing owner.

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.