Ab Marina Owners Association

What Ab Marina Owners Association's governing documents say

AB Marina Owners Association is a boat-slip membership community in Wilmington, NC — you own a membership that gives you the exclusive right to use a specific boat slip and non-exclusive use of common areas. The association maintains the marina facility and enforces rules. This document is the master declaration of covenants, conditions, and restrictions for the association.

• What you own & maintain: You own a membership (Charter or Class A) that entitles you to exclusive use of one designated boat slip and non-exclusive use of common areas. The association maintains the facility (docks, piers, bulkheads, parking) and arranges dredging. Boat lifts and dock boxes are maintained by the member, and any changes require board approval.
• Leasing & rentals: Class A members may lease their membership rights or boat slip only with prior written board approval (which shall not be unreasonably withheld). Charter memberships may be leased without limitation. Leases without approval are voidable by the association.
• Transfer & right of first refusal: Class A memberships cannot be sold, transferred, or leased without board approval. The association has a right of first refusal to purchase any Class A membership at the same price and terms as a proposed sale. Charter memberships are freely transferable without approval.
• Use restrictions: The facility is for recreational boating only — no commercial use without board approval. Overnight stays on vessels are prohibited. No obnoxious or offensive activity is allowed. The board may adopt and enforce rules and regulations.
• Assessments & fees: Class A members pay regular and special assessments as determined by the board. Special assessments over $1,000 per membership in a fiscal year require majority approval of Class A members. Delinquent assessments accrue interest at 18% per annum and become a lien on the membership.
• Fines & suspensions: The board may impose fines up to $100 per violation (or more if later permitted by law) and may suspend privileges for up to 30 days for rule infractions. Fines continue daily if the violation persists more than five days after the decision. Hearings are held before the board or an adjudicatory panel.
• Architectural review: No structure, improvement, or alteration (including color changes) may be made to the property or facility without board-approved plans. Dock boxes are limited to one per slip, and their style and placement must be approved to maintain uniformity.
• Insurance: The association carries property and liability insurance on the facility. Members may insure their own personal property stored at the facility at their own expense. Insurance proceeds are used to reconstruct the facility after a casualty.

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.