Bannerman Station COA

What Bannerman Station COA's governing documents say

Bannerman Station 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 enforces rules. This declaration governs all unit owners, tenants, guests, and visitors.

• What you own & maintain: You own the interior of your unit, including interior walls and partitions you add. The association maintains the common elements (building exterior, common areas). You are responsible for maintenance and repair of your unit's interior, HVAC equipment, appliances, and glass surfaces of doors/windows.
• Pets: Only owner-occupants may have pets. Tenants are not allowed pets unless the association gives prior written approval (companion/seeing-eye dogs considered). This restriction applies to visiting pets as well.
• Window treatments: The declarant initially provides window coverings for all windows except balcony/terrace doors. You must install coverings for balcony/terrace doors that appear white from the exterior and match the quality/color of the original treatments. All replacements must match the original.
• Alterations & approvals: You must get written association consent before making structural modifications to your unit, adding betterments to limited common elements, or changing the exterior appearance (including painting, wiring, antennas). The association may require you to indemnify others and carry liability insurance for such work.
• Leasing & rentals: No specific minimum lease term is stated in this excerpt, but tenants are subject to all rules. Tenants may not have pets without association approval.
• Assessments & fees: The association levies assessments based on the allocation in Exhibit C. Assessments are due monthly or as set by the board. Delinquent assessments accrue 10% annual interest. The association can place a lien on your unit for nonpayment and foreclose.
• Use restrictions: No immoral, improper, offensive, or unlawful use is allowed. You cannot do anything that increases insurance rates, obstructs others' rights, or creates a nuisance. No signage on common elements or limited common elements without association consent (max 4 sq ft total).
• Insurance: The association carries casualty insurance on the building and common elements (at least 80% of replacement value) and liability insurance. You may obtain your own insurance for your unit and personal property. Insurance proceeds are used for repair/reconstruction first.

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.