Willoughby Park of Wilmington Condominium

What Willoughby Park of Wilmington Condominium's governing documents say

Willoughby Park of Wilmington is a condominium community in Wilmington, NC, governed by the North Carolina Condominium Act. You own your individual unit and share ownership of common elements, which the association maintains and insures. The declaration sets rules for residential use, leasing, pets, and assessments.

• What you own & maintain: You own your unit's interior (including interior surfaces of walls, floors, and ceilings). The association maintains and insures common elements, including limited common elements like balconies or patios allocated to your unit. You must maintain your unit and pay for repairs caused by you or your guests.
• Leasing & rentals: Leases must be for at least six months; transient or hotel-style rentals are prohibited. All leases must be in writing, cover the entire unit, and comply with the declaration and bylaws. You must notify the association of the lessee's name and address. Subleases require board approval.
• Pets: You may keep up to two dogs, two cats, or other household pets, but no more than three total animals. Pets cannot be kept for commercial purposes. The board may ban any pet it considers a nuisance.
• Assessments & fees: The board levies assessments for common expenses, which become a lien on your unit if unpaid. Delinquent assessments do not automatically transfer to a new owner unless assumed. The declarant may require an initial payment of up to two months' assessment.
• Use restrictions: Units are for residential use only. No 'For Sale' or 'For Rent' signs are allowed. No hazardous activities or nuisances are permitted. Outside antennas and satellite dishes require board approval.
• Alterations & common elements: You cannot alter, construct on, or remove anything from common elements without board approval. Unit alterations are subject to the bylaws and the Act.
• Insurance: The association carries casualty insurance on the property and liability insurance of at least $1,000,000 per occurrence. You may buy your own insurance for personal property and additional coverage, but it must include waivers of subrogation.
• Right of entry: The association may enter your unit in an emergency or with reasonable notice for maintenance or repairs. You must allow other owners entry for necessary repairs with advance notice.

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.