723 South Lumina Condominiums

What 723 South Lumina Condominiums's governing documents say

723 South Lumina Condominiums is a condominium community in Carolina Beach, NC — you own your individual unit and share ownership of the building's common elements, which the association maintains and insures. This declaration establishes the condominium regime and sets use restrictions, maintenance responsibilities, and assessment obligations for all unit owners.

• What you own & maintain: You own the enclosed space of your unit, including interior surfaces, non-load-bearing walls, flooring, windows, exterior doors, and separate HVAC equipment. The association maintains the common elements (foundations, exterior walls, roofs, hallways, parking areas, and utility infrastructure serving multiple units). 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 are allowed. Structural modifications or exterior alterations (including painting, antennas, signs) require board approval. No grills or cooking within 10 feet of the building. No boats, trailers, or motor homes may be stored on the property except in designated areas. Satellite dishes require board approval.
• Pets: The association may require removal of any pet that becomes a nuisance. No specific pet limit is stated in this declaration.
• Leasing & rentals: Long-term leases are permitted as part of residential use. No minimum lease term is stated in this declaration.
• Parking & vehicles: The association has exclusive right to assign parking spaces and designate their use. Boats, trailers, and motor homes cannot be stored on the property except in designated areas.
• Assessments & common expenses: Each unit owner must pay assessments based on their allocated interest (percentage of total unit volume). Assessments fund common expenses including maintenance, insurance, and reserves. No owner may exempt themselves by waiving use of common areas.
• Insurance: The association must carry hazard insurance on the building (replacement cost), flood insurance if in a flood zone, and liability insurance of at least $1,000,000 per occurrence. Unit owners may obtain their own coverage for personal property and unit improvements.
• Enforcement & fines: The board may levy fines up to $150 per day for violations of the declaration, bylaws, or rules. Remedies include lawsuits for damages or injunctive relief.

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.