Ocean Club Estates Property Owners Association Inc.

Key facts from Ocean Club Estates Property Owners Association Inc.'s documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA – Property Owners Association (Article II, Section 1: 'Ocean Club Estat)

Units / lots

68 lots (Lots 27 through 34, and 35 through 94) as shown on recorded plat. Also references to other lots (e.g., 45-48). (Article I (description) and Article II, )

Developer / declarant

Sunset Beach Holdings II, LLC and Jane Dean, LLC (collectively Declarant); Lender: Big Pine Holdings, LLC (Preamble)

Governing law

North Carolina Planned Communities Act (N.C.G.S. Chapter 47-F) (Article II, Section 8)

Assessments & dues

$1100.00 per lot per year, prorated for remainder of year when purchased from Declarant. (Article IX, Section 2)

Special assessments

Special assessments approved by majority of lot owners voting. A special assessment of $31.19 per lot per month for boardwalk amenity from March 1, 2017 through March 1, 2026. (Article IX, Section 4)

Collections & liens

Unpaid assessments constitute a lien when claim of lien filed; Association may foreclose; lien subordinate to first mortgages. (Article IX, Sections 1, 3, 8, 9)

Reserves & fees

Common expenses include allocations to reserves (definition). (Article II, Section 4 (definition of Com)

Pets

Household pets such as cats and dogs are permissible but not bred or maintained for commercial purposes. (Article IV, Section 3)

Leasing & rentals

Not explicitly restricted; For Rent signs are permitted, implying leasing allowed. (Article IV, Section 19 (sign allowance))

Parking & vehicles

Boats, motorcycles, trailers, travel trailers, campers, or recreational vehicles may not remain on any lot for more than 5 days; must park off-street. (Article IV, Section 9)

Architectural approval

Preliminary approval within 15 days of submittal of site plan; final approval within 30 days of receipt of all required documents. (Article V, Architectural Control Checkli)

Home business

Home-based business permitted with restrictions: no more than 2 deliveries per day, no trade materials stored, no signage, no inventory outside enclosed building. (Article IV, Section 18)

Signs & flags

Signs allowed only if meeting size (1 ft x 1 ft), color (tan/beige background, black border/lettering), material (metal or wood), mounted on 4x4 pressure treated timber; only one For Sale or For Rent sign per lot; no directional signs; Decl (Article IV, Section 19)

Setbacks / home size

Setbacks defined by town of Sunset Beach variances; CAMA buffer of 30 feet from mean high water line. (Article III, Section 10)

Maintenance

Association maintains common elements including roadways, area north of Riverside Drive, bulkheads, entrance landscaping and gate. Lot owners maintain their lots and improvements. (Article VI, Section 1; Article IV, Secti)

Insurance

Association shall maintain casualty and liability insurance on insurable common elements. (Article VI, Section 4)

Voting & meetings

Each lot one vote; Declarant has three votes per lot owned during declarant control. (Article VIII, Section 5; Article XI, Sec)

Amendments

By affirmative vote of at least 67% of Members voting at a meeting called for that purpose; quorum of 50% of lots represented. Declarant may amend unilaterally during declarant control. Amendments must be recorded. (Article XIII, Sections 1 and 2; Article )

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.