Four T's Condominiums HOA, Inc.
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What Four T's Condominiums HOA, Inc.'s governing documents say
Four T's Condominiums is a small condominium community in Carolina Beach, NC, with just four residential units in one building. You own your individual unit and share ownership of the common elements (land, building structure, common areas) with the other three owners. The association (Four T's Condominiums HOA, Inc.) manages the property, collects assessments, and maintains the common elements.
- What you own & maintain: You own the interior of your unit (walls, floors, ceilings, finished surfaces). The association maintains the common elements (roof, foundations, corridors, parking areas, etc.). You are responsible for maintaining your unit and for any damage you cause to other units or common elements. Windows, doors, and screens are your responsibility to repair and replace.
- Assessments & fees: Each unit pays 25% of common expenses. Assessments are collected at least quarterly. Unpaid assessments become a lien on your unit after 30 days, and the association can foreclose. You must pay all assessments before selling or leasing your unit.
- Leasing & rentals: You may rent your entire unit (not just a portion) for residential purposes. The declaration does not specify a minimum lease term, but the bylaws require that you pay all assessments before leasing.
- Use restrictions: Units are for residential use only. No obnoxious or unlawful activity is allowed. You cannot make structural alterations without prior written approval from the board (failure to respond within 30 days counts as consent). No planting of shrubs or trees without permission.
- Parking & vehicles: Parking is allowed only in designated areas. Common elements cannot be obstructed by vehicles or storage.
- Pets: The declaration does not mention pets. The board may adopt rules and regulations regarding pets.
- Insurance: The association carries master property and liability insurance on the building and common elements. You must insure your own unit and personal property. If you fail to insure, the association may insure your unit and charge you.
- Amendments & governance: The declaration can be amended by 67% of owners (and mortgagee consent). Changes to unit boundaries, number of units, or use restrictions require 100% owner approval. The board has three members elected by owners; each unit has one vote.
Key facts from Four T's Condominiums HOA, Inc.'s documents
- Community type
- condominium (Declaration title and throughout)
- Governing law
- North Carolina Condominium Act, Chapter 47C of the North Carolina General Statutes (Declaration preamble, Article I Section )
- Assessments & dues
- Board of Directors prepares a budget, determines common charges required to meet common expenses, and allocates and assesses common charges against unit owners according to their respective common interests. (By-laws Article V Section 1)
- Collections & liens
- Unpaid assessments after 30 days constitute a lien on the unit; Association may foreclose and/or recover money judgment; in foreclosure, unit owner required to pay reasonable rent and receiver may be appointed. (Declaration Article VIII Section 2; By-l)
- Reserves & fees
- Common expenses may include a reserve fund for replacements. (By-laws Article V Section 1)
- Leasing & rentals
- Renting of units is allowed only if the entire unit is rented (no partial renting). (By-laws Article V Section 11 B)
- Parking & vehicles
- No Owner or employee, agent or invitee shall park, store, or keep any vehicle except wholly within those portions of the Common Elements designated for such use by the Association. (Declaration Article VI Section 5)
- Architectural approval
- No structural addition, alteration, or improvement in or to a unit without prior written consent of the Board of Directors. (By-laws Article V Section 13)
- Signs & flags
- Declarant may erect and maintain a sign or signs on the Property for advertising Units for sale or lease. (Declaration Article VI Section 8)
- Maintenance
- Owner responsible for maintenance and repairs to each individual Unit (structural or non-structural); Association responsible for maintenance, repairs and replacements to common elements. (By-laws Article V Section 8)
- Insurance
- Executive Board shall obtain and maintain insurance on Building and improvements at replacement value, insuring against all risks of direct physical loss including fire and extended coverage. (Declaration Article XI Section 1)
- Use restrictions
- All Units shall be used for residential purposes only. (Declaration Article VI Section 1; By-law)
- Voting & meetings
- Each unit entitled to one (1) vote at all meetings of unit owners. (By-laws Article III Section 7)
About this HOA
Four T's Condominiums HOA, Inc. is a homeowners association in WILMINGTON, NC. Mailing address: 216 NORTH SECOND STREET, WILMINGTON, NC 28401.
HOAproxy has 1 document on file for Four T's Condominiums HOA, Inc.: 1 recorded document. Last updated 2026-07-11.