106 S. Third Avenue, a Condominium

What 106 S. Third Avenue, a Condominium's governing documents say

106 S. Third Avenue is a two-unit condominium in Kure Beach, NC. You own your unit and share ownership of the building's common elements. The association maintains common areas and carries master insurance, funded by assessments on each unit.

• What you own & maintain: You own the interior finished surfaces of your unit (walls, flooring, etc.). The association maintains common elements like exterior walls, roof, structure, and shared systems. Windows, window frames, and screens are limited common elements assigned to your unit.
• Use restrictions: Units must be used as a residence by a family, servants, and guests only. No unit may be subdivided, and no single rooms may be rented. No use that annoys residents or increases insurance rates is allowed.
• Leasing & rentals: The declaration does not specify a minimum lease term, but renting single rooms is prohibited. Leases must comply with all condominium documents.
• Pets: The declaration does not address pets.
• Architectural review: No exterior changes or new structures may be made without written approval from the Board. Changing the exterior color scheme requires unanimous approval of both unit owners.
• Assessments & liens: The Board levies assessments to cover common expenses. Unpaid assessments create a lien on your unit under North Carolina law.
• Governance: The association is run by a two-person Board of Managers, each an owner or spouse of a unit. The Board handles maintenance, finances, insurance, and rulemaking.
• What this document doesn't cover: This document does not specify pet limits, parking rules, rental caps, or age restrictions. It also does not include the current budget, fee amounts, or insurance details.

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.