Airlie Yacht Club
association language present (entity×79, governance×5)
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What Airlie Yacht Club's governing documents say
Airlie Yacht Club is a private yacht club community in Wilmington, NC, centered around a marina and clubhouse. Membership is tied to a specific boat slip, and owners have shared access to common areas. This document is the Declaration of Covenants, Conditions and Restrictions (CC&Rs) that governs the club.
- Membership & boat slips: Each Class A membership grants exclusive use of one designated boat slip. Charter memberships are held by the developer and convert to Class A upon transfer. Members have non-exclusive rights to common areas.
- Leasing & rentals: Charter memberships may be rented without approval. Class A memberships require prior Board approval to license (lease) membership rights; approval cannot be unreasonably withheld.
- Transfer & right of first refusal: Class A memberships are subject to a 30-day right of first refusal by the Association when sold. The right expires 21 years after recording. Transfers without compliance are voidable.
- Assessments & fees: Regular and special assessments are levied on Class A memberships. Special assessments over $1,000 per membership per year require majority member vote. Violation assessments up to $500 per occurrence. Delinquent assessments bear 18% annual interest and become a lien.
- Insurance requirements: All boats docked at the marina must carry liability insurance with at least $100,000 single limit coverage. Proof must be provided to the Association.
- Use restrictions: The marina is a 'closed-head, non live-aboard' facility. No obnoxious or offensive activities are allowed. Common area use is subject to Association rules.
- Duration & amendments: The covenants run for 20 years from recording (2006), auto-renewing for 10-year periods. Amendments require 66 2/3% member vote, plus developer consent while developer holds 7+ memberships.
Key facts from Airlie Yacht Club's documents
- Community type
- private yacht club as of 2006 (Statement of Purpose: Declarant desires )
- Legal name
- Airlie Yacht Club, Inc. as of 2006 (Article I Section 1: Association shall m)
- Developer / declarant
- Thomas R. Dickey and wife, Janice T. Dickey
- Governing law
- North Carolina General Statutes Section 47A-22 (lien foreclosure) as of 2006 (Article VI Section 10)
- Assessments & dues
- $1,100/year (estimated from 2 real-estate listings) as of 2026 (https://www.compass.com/homedetails/1406)
- Special assessments
- Board may levy special assessments for capital improvements or unexpected repair not funded by regular assessments; if exceeds $1,000 per membership per fiscal year, requires majority vote of members at meeting with 10-60 days notice as of 2006 (Article VI Section 4)
- Collections & liens
- Association has lien on membership for unpaid assessments, may foreclose under NC GS 47A-22; lien subordinate to first mortgage/pledge; after foreclosure, new owner liable only for assessments accruing after acquisition as of 2006 (Article VI Sections 10, 11)
- Reserves & fees
- Contingency reserve equal to 10% of sum of amounts described in Article VI Section 2(a) through (i) as of 2006 (Article VI Section 2(i): accumulate and )
- Leasing & rentals
- License of Class A membership requires prior Board approval; Charter memberships may be freely transferred; right of first refusal applies to sales as of 2006 (Article IV Section 6 and Article IX Sect)
- Insurance
- Association shall keep property insured against loss or damage by fire or other hazards normally insured against, and maintain public liability insurance as of 2006 (Article VIII Section 1)
- Voting & meetings
- Each Class A membership: 1 vote; each Charter membership: 3 votes until 19 memberships sold or January 1, 2008, whichever first, then 1 vote as of 2006 (Article IV Section 5)
- Amendments
- (a) By Declarant while owning 7+ memberships, by recorded instrument; (b) By Association with 66 2/3% vote of eligible votes, plus Declarant's written consent if Declarant owns 7+ memberships as of 2006 (Article X Section 7)
About this HOA
Airlie Yacht Club is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Airlie Yacht Club: 1 CC&R. Last updated 2026-06-01.