201 North Fort Fisher Townhomes

What 201 North Fort Fisher Townhomes's governing documents say

201 North Fort Fisher Townhomes is a 4-unit condominium project in Kure Beach, NC. You own your unit and a 25% undivided interest in the common elements. The association maintains common areas and carries master insurance, funded by quarterly assessments.

• What you own & maintain: You own the interior of your unit (finished surfaces, interior partitions). The association maintains common elements (land, roofs, foundations, corridors, parking, beach access walkway) and limited common elements like exterior doors, windows, decks, and porches—except HVAC limited common elements, which you maintain.
• Assessments & fees: Each unit pays 25% of common expenses. Assessments are collected at least quarterly. Unpaid assessments become a lien on the unit after 30 days.
• Use restrictions: Units are for residential use only. No obnoxious activity, no storage on common elements, no obstruction of stairs or driveways. No signs, flags, or banners visible from outside. No planting without association permission.
• Parking & vehicles: Park only in designated areas on common elements. No parking on undesignated portions.
• Alterations & maintenance: You must notify the association before altering your unit. Work must not affect structural integrity. You are responsible for all costs and must indemnify the association. You must maintain your unit in good repair; if you fail, the association may do so and charge you.
• Insurance: The association carries property insurance on the building (replacement cost, at least 90% coinsurance) and liability insurance (minimum $500,000 per person, $1,000,000 per occurrence). You should get your own coverage for personal property and liability.
• Reconstruction after damage: If the building is damaged, the association must repair unless 80% of owners (including 100% of affected units) vote not to rebuild. Repairs are a common expense.
• Amendments & termination: Amendments require unanimous owner approval and mortgagee consent. Termination follows North Carolina Condominium Act.

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.