1512 South Lake Park Condominiums

What 1512 South Lake Park Condominiums's governing documents say

This is the Declaration of Condominium for 1512 South Lake Park Condominiums in Carolina Beach, NC. It establishes the condominium regime, defines unit ownership, common elements, and the rights and obligations of unit owners. The community is a two-story building with residential units, and the document governs use, maintenance, assessments, and insurance.

• What you own & maintain: You own the interior of your unit (walls, floors, ceilings, windows, doors, HVAC, and utility lines serving only your unit). The association maintains common elements (foundations, roofs, exterior walls, stairways, parking areas, and utility infrastructure for common use). Decks, porches, and storage spaces are limited common elements for your exclusive use.
• Use restrictions: Units are for single-family residential use only. No immoral, offensive, or unlawful uses. No structural modifications or exterior changes (including painting, antennas, signs) without board approval. No grills within 10 feet of the building. No boats, trailers, or motor homes stored on property except in designated areas. No satellite dishes without approval.
• Leasing & rentals: Long-term leases are allowed as part of residential use. No minimum lease term is specified in this document, but the board may adopt rules. The owner is responsible for tenant compliance.
• Pets: The association may require removal of any pet that becomes a nuisance. No specific pet limit is stated in this document.
• Parking & vehicles: The association has exclusive right to assign parking spaces and designate their use. Boats, trailers, and motor homes may not be stored on the property except in areas designated by the association.
• Assessments & fees: Each unit owner must pay assessments for common expenses based on their allocated interest (percentage of total square footage). Assessments are mandatory and cannot be waived by non-use. The board may levy fines up to $150 per day for violations.
• Insurance: The association must carry hazard insurance on the building (replacement cost), liability insurance (at least $1,000,000 per occurrence), and flood insurance if in a flood zone. Unit owners may obtain their own coverage for personal property and unit improvements.
• Amendments & termination: Amendments require 100% of unit owner votes. Termination requires written agreement of all unit owners and consent of lienholders. Changes to allocated interests, boundaries, or use restrictions require unanimous consent.

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.