1112 Bowfin Lane, a Condominium

What 1112 Bowfin Lane, a Condominium's governing documents say

1112 Bowfin Lane is a two-unit condominium in Carolina Beach, NC. You own your unit and an undivided one-half interest in the common elements. The association maintains common areas and carries master insurance, funded by assessments on each unit.

• What you own & maintain: Each unit is about 1,584 sq ft of heated area, three stories, sharing a party wall. You own the interior; the association maintains common elements (exterior walls, roof, pilings, decks, porches, patios, balconies, structural members, shutters, awnings, window boxes, doorsteps, stoops). Decks, porches, balconies, patios, exterior doors and windows serving only your unit are limited common elements for your exclusive use.
• Use restrictions: Units may be occupied only as a residence by a family, its servants, and guests. No unit may be divided or subdivided. No single rooms may be rented. No use that is a source of annoyance or increases insurance rates is permitted.
• Leasing & rentals: No lease term is specified in this document, but single-room rentals are prohibited. The declaration does not set a minimum lease term.
• Pets: This document does not address pets.
• Party walls: The wall between units is a party wall and part of the common elements. Repair costs are shared by the owners who use the wall in proportion to use. Negligent or willful damage is the responsibility of the causing owner. Disputes are settled by arbitration.
• Architectural review: No building, fence, wall, or other structure or improvement may be commenced, erected, or maintained, nor any exterior addition or change made, without prior written approval of the Board. Exterior color changes require unanimous approval of all unit owners.
• Assessments & liens: Assessments are levied per unit as determined by the Board. Unpaid assessments create a lien in favor of the association, subordinate to first mortgages or deeds of trust recorded before the lien.
• What this document doesn't cover: This declaration does not specify pet limits, parking rules, age restrictions, or rental term minimums. It also does not include the full set of rules and regulations, which may be adopted separately by the Board.

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.