5 East Henderson Condominium

What 5 East Henderson Condominium's governing documents say

5 East Henderson Condominium is a two-unit condominium in Wrightsville Beach, NC. You own your unit and a share of the common elements; the association manages the property and common expenses.

• What you own & maintain: You own the interior of your unit (walls, floors, windows, doors, HVAC, and utility lines serving only your unit). The association maintains common elements like foundations, roofs, exterior walls, hallways, parking, and amenities.
• Use restrictions: Units are for single-family residential use only, including rentals. No commercial, hotel, or transient use. No immoral, offensive, or nuisance activities. No structural changes or exterior alterations (painting, antennas, signs) without board approval.
• Leasing & rentals: Rentals are allowed, but no minimum lease term is specified in this document. Leases must comply with all rules.
• Pets: This document does not address pets.
• Assessments & fees: Unit owners pay assessments for common expenses based on their allocated interest (percentage). Assessments fund maintenance, insurance, reserves, and operations. No specific dollar amounts are given.
• Insurance: The association carries hazard, flood (if in flood zone), and liability insurance ($1M minimum) on the building and common areas. Unit owners may insure their own unit and personal property.
• Violations & fines: The board can fine up to $150 per offense for rule violations and may deny use of common areas. Remedies include lawsuits for damages or injunctions.
• What this document doesn't cover: This document does not specify pet limits, minimum lease terms, parking rules, age restrictions, or detailed architectural guidelines. Those may be in the bylaws or rules and regulations.

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.