1116 Bonito Lane, a Condominium

What 1116 Bonito Lane, a Condominium's governing documents say

1116 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 common areas and carries master insurance, funded by assessments on each unit.

• What you own & maintain: Each unit is a three-story, 1,276 sq ft residence. You own the interior of your unit; the association maintains common elements (exterior walls, roof, structural members, party wall, decks, porches, balconies, patios, exterior doors/windows). Limited common elements (e.g., decks serving only your unit) are for your exclusive use but maintained by the association.
• Use restrictions: Units may be occupied only as a residence by a family, its servants, and guests. No unit may be subdivided, and no single rooms may be rented. No use that is a source of annoyance or increases insurance rates is permitted.
• Leasing & rentals: No single rooms may be rented. The document does not specify a minimum lease term or other rental restrictions beyond the prohibition on renting individual rooms.
• Pets: The document does not address pets.
• Architectural review: No building, fence, wall, or other structure may be erected or altered without written approval of the Board. Exterior color changes require unanimous approval of all unit owners.
• Party wall: The wall between the two units is a party wall and part of the common elements. Repair costs are shared proportionally; if one owner's negligence causes damage, that owner bears the full cost.
• Assessments & liens: The Board assesses common charges per unit. Unpaid assessments create a lien on the unit under North Carolina law. The association's lien is subordinate to a first mortgage recorded before the lien.
• What this document doesn't cover: This document does not specify pet limits, parking rules, age restrictions, or detailed rental terms (beyond no single-room rentals). It also does not include the current budget, fee amounts, or rules and regulations adopted 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.