1118 Mackerel Lane, a Condominium

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

1118 Mackerel 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 carries master insurance, funded by assessments per unit.

• What you own & maintain: Each unit is about 1,276 sq ft over three stories, sharing a party wall. You own your unit's interior; the association maintains common elements (exterior walls, roof, structural members, party wall). Limited common elements (decks, porches, exterior doors) are allocated to your unit.
• Leasing & rentals: No single rooms may be rented. The document does not specify a minimum lease term for whole-unit rentals.
• Use restrictions: Units may be occupied only as a residence by a family, its servants, and guests. No unit may be subdivided. No use that annoys residents or increases insurance rates is allowed.
• Architectural review: Any exterior change (building, fence, wall, color) requires written approval from the Board. Changing the exterior color scheme needs unanimous approval of both unit owners.
• Party walls: The shared wall between units is a party wall, part of the common elements. Repair costs are shared proportionally by the owners who use it. Negligent damage is the responsible owner's cost.
• Assessments & liens: The Board levies assessments for 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 per unit owner or spouse). Board members serve three-year terms. Amendments require written consent of both unit owners.
• What this document doesn't cover: This excerpt does not specify pet rules, parking, rental caps, age restrictions, or specific fee amounts. It is the declaration and bylaws only; separate rules and regulations may exist.

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.