1114 Bonito Lane, a Condominium

What 1114 Bonito Lane, a Condominium's governing documents say

1114 Bonito 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 the common areas and enforces the rules.

• What you own & maintain: Each unit is about 1,276 sq ft over three stories. You own the interior of your unit; the association maintains the common elements (building exterior, party wall, structural parts, and shared systems).
• Use restrictions: Units must be used only as a residence by a family, servants, and guests. No unit may be subdivided or used for commercial purposes. No single rooms may be rented.
• Leasing & rentals: The declaration does not specify a minimum lease term or any rental cap. However, no single rooms may be rented, and all occupants must comply with the rules.
• Party walls: The wall between the two units is a party wall and is part of the common elements. Repair costs are shared proportionally by the owners who use the wall.
• Architectural review: Any exterior changes (building, fence, wall, or other structure) require written approval from the Board. Changing the exterior color scheme requires unanimous approval of both unit owners.
• Assessments & liens: The Board sets assessments to cover common expenses. Unpaid assessments create a lien on the unit under North Carolina law.
• Governance: The association is managed by a two-person Board (one from each unit). The Board handles maintenance, finances, insurance, and rule enforcement.

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.