Cottages at Sunset

What Cottages at Sunset's governing documents say

Cottages at Sunset is a two-unit condominium in Wrightsville Beach, NC. You own your unit and a 50% undivided share of the common areas, which the association maintains and insures. The building is a three-story wood structure on pilings, with each unit having 3 bedrooms, 3 baths, and a loft for the top unit.

• What you own & maintain: You own the interior of your unit (bounded by unfinished surfaces of perimeter walls, ceiling joists, and floor joists). The association maintains common elements (foundations, exterior walls, roof, yard, parking, utility lines) and limited common areas (decks, outside stairs, driveways serving only your unit). You must keep your unit in good repair and comply with insurance requirements.
• Use restrictions: Units may be used only for single-family residential purposes. No time-sharing is allowed. No immoral, offensive, or nuisance uses. No structural alterations or exterior changes (painting, antennas, signs) without board approval. No boats, trailers, or motor homes may be stored on the property except in designated boat slips.
• Pets: The association may require removal of any pet that becomes a nuisance.
• Leasing & rentals: Rental of units is permitted under rules established by the association. No minimum lease term is stated in this declaration.
• Assessments & fees: Each unit owner pays 50% of common expenses. Assessments are payable quarterly unless the board decides otherwise. Delinquent assessments accrue interest at the maximum legal rate, plus late fees and collection costs, and become a lien on the unit.
• Insurance: The association carries master property and liability insurance (minimum $300,000 per occurrence) on the building and common areas. Premiums are a common expense. Each unit owner is an insured for liability arising from common elements or membership.
• Damage & reconstruction: If the building is damaged, the association must repair promptly using insurance proceeds. If all unit owners decide not to rebuild, the property may be sold or owned as tenants-in-common.

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.