Broadwater Condominiums

What Broadwater Condominiums's governing documents say

Broadwater Condominiums is a small condominium community in Carolina Beach, NC, consisting of one building with two residential units. This Declaration of Condominium establishes the legal framework for unit ownership, common elements, and the homeowners association. It applies to unit owners, tenants, and occupants.

• What you own & maintain: You own the interior of your unit, including finished surfaces. The association maintains common elements like the land, building structure, roof, corridors, parking areas, swimming pool, and beach access walkway. Limited common elements (e.g., balconies, exterior doors, HVAC components serving your unit) are your responsibility for cleanliness but the association handles maintenance, painting, and repair (except HVAC, which you maintain).
• Leasing & rentals: The declaration does not specify a minimum lease term or restrict rentals beyond requiring residential use. Leases are subject to all condominium documents.
• Pets: The declaration does not address pets.
• Parking & vehicles: Parking is allowed only in designated areas on the common elements. No parking, storage, or keeping of vehicles elsewhere on the property.
• Use restrictions: Units are for residential use only. No obnoxious, offensive, or unlawful activity. No signs, flags, or banners visible from outside. No planting of hedges or shrubs without prior written association approval. No storage of personal property or trash on common elements except in designated receptacles.
• Alterations & maintenance: You must notify the association before altering your unit. Alterations must use materials similar to existing construction and cannot affect structural soundness. You are responsible for all costs and must indemnify the association. No structural additions or changes without prior written board consent.
• Assessments & fees: Each owner pays a 50% share of common expenses. Assessments are collected at least quarterly. Unpaid assessments become a lien on the unit after 30 days.
• Insurance: The association carries property insurance on the building and common elements (replacement cost, at least 90% co-insurance) and liability insurance (minimum $500,000 per person, $1,000,000 per occurrence). You should get your own insurance for personal property and additional liability.

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.