Summer Rest Boat Owners Association, Inc.

What Summer Rest Boat Owners Association, Inc.'s governing documents say

Summer Rest Boat Owners Association is a boat dock facility in Wilmington, NC, with 10 boat slips. Membership is limited to owners of residential lots or parcels in the surrounding Community, and each membership entitles the owner to use one assigned boat slip. The association maintains the common areas and docks, funded by annual and special assessments on members.

• Membership & eligibility: Membership is open only to owners of residential lots or parcels in the Community (defined as the area bounded by Howe Creek, Military Cut-off, Bradley Creek, and the Atlantic Intracoastal Waterway). There are exactly as many memberships as boat slips (10). Memberships are appurtenant to the lot and cannot be transferred separately except among lot owners.
• Boat slip use & assignment: Each membership is assigned one boat slip by the association. Members have the exclusive right to occupy and use their assigned slip, subject to the declaration, bylaws, and rules. Slips may be exchanged among members, but a member cannot sell or transfer a slip to anyone who is not a lot owner in the Community.
• Assessments & fees: Members must pay annual assessments and special assessments for capital improvements (e.g., construction, dredging). Special assessments require approval by two-thirds of voting members. Assessments are a lien on the membership and a personal obligation of the owner at the time they fall due. Delinquent assessments bear 10% annual interest.
• Maintenance & repairs: The association maintains the common areas and each boat slip, including repairs and replacements. If a member or their guest damages common property, the board may levy a special assessment on that member for the full repair cost.
• Use restrictions: No commercial use is allowed on the properties, common areas, or boat slips. No obnoxious or offensive activity is permitted. The board may adopt and enforce reasonable rules and regulations.
• Architectural control: No structures or alterations may be made to the common area or any boat slip without prior written approval from the board or an architectural committee.
• Insurance: The association carries property and liability insurance on the common areas and boat slips, paid as a common expense. Members may insure their own personal property separately.
• What this document doesn't cover: This declaration does not cover rules for residential lots or homes in the Community, only the boat dock facility. It does not specify pet policies, parking, or leasing of boat slips. The attached rules and regulations (Exhibit B) are referenced but not included.

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.