Villa Capriani

What Villa Capriani's governing documents say

Villa Capriani is a condominium community in Sneads Ferry, NC. This document is an amendment to the condominium declaration, focusing solely on insurance provisions. It clarifies who pays for damage and deductibles, and updates the association's insurance requirements.

• Insurance & deductibles: The association carries master casualty insurance covering common elements and units (including original fixtures and betterments over $5,000 if disclosed). Deductibles for insured losses are generally a common expense, but if damage is caused by a unit owner or occupant, that owner must reimburse the deductible. For high-risk perils (flood, wind, terrorism), the association pays the deductible regardless of fault.
• Owner responsibility for damage: Unit owners must pay to repair damage to common elements or other units caused by their own or their occupant's negligence, including the deductible on insured losses. If the owner fails to pay, the association can charge it as a lienable assessment.
• Maintenance obligations: Each unit owner must maintain their unit in good condition and repair, but the association insures certain losses and assesses deductibles per the insurance article.
• Betterments & improvements: Unit owners must notify the board in writing if they install improvements or betterments to their unit valued over $5,000.
• Individual insurance: Unit owners may obtain their own insurance for their unit, personal property, and liability, which should include a waiver of subrogation against the association and other owners.
• What this document doesn't cover: This amendment does not address leasing, pets, age restrictions, parking, or architectural review. Those rules would be in the original declaration or other governing documents.

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.