1118 Bonito Lane, a Condominium

What 1118 Bonito Lane, a Condominium's governing documents say

1118 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 each unit owner has a seat on the two-person board.

• What you own & maintain: Each unit is about 1,276 sq ft, three stories, with a shared party wall. You own the interior; the association maintains common elements (exterior walls, roof, structural parts, and shared systems). Limited common elements like decks and porches are for your exclusive use but maintained by the association.
• Use restrictions: Units may only be used as a residence by a family, its servants, and guests. No single rooms may be rented. No use that annoys residents or increases insurance rates is allowed.
• Leasing & rentals: The declaration prohibits renting single rooms. No minimum lease term is stated, but the document does not explicitly ban short-term rentals.
• Party walls: The wall between units is a common element. Repair costs are shared proportionally by the owners who use the wall. Negligent damage is the responsibility of the causing owner.
• Architectural review: Any exterior change (building, fence, wall, or other structure) requires written board approval. Changing the exterior color scheme needs unanimous approval of all 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 run by a two-person board (one per unit). Board members serve three-year terms. The declaration can only be amended by written instrument signed by both unit owners.

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.