Atlantic Towers Condominium
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What Atlantic Towers Condominium's governing documents say
Atlantic Towers Condominium is a 137-unit, 11-story condominium in Carolina Beach, NC. You own your individual unit and a share of the common areas, which the association maintains and insures. The building is used for residential and lodging purposes, with a registration desk for guests.
- What you own & maintain: You own the interior surfaces, fixtures, and equipment within your unit (walls, floors, ceilings, doors, windows, HVAC, plumbing, electrical). The association maintains the common areas (foundations, exterior walls, elevators, halls, pool, parking) and carries master insurance. You must keep your unit in good repair and comply with insurance requirements.
- Leasing & rentals: Leases must be for at least six months. The board may recommend rental agents, but owners have the right to make their own rental arrangements consistent with the declaration. No rental pooling or requirement to rent is imposed.
- Pets: No animals, livestock, or poultry may be raised, bred, or kept except as permitted by the association's rules and regulations.
- Use restrictions: Units and common areas must be used for residential and lodging purposes only. No signs may be displayed without consent. Nothing may be done that increases insurance rates or annoys other owners. Guests must sign in at the registration desk.
- Assessments & fees: You pay a monthly assessment based on your unit's percentage interest in common expenses. A two-month working capital contribution is due at closing. Late payments bear interest at the maximum legal rate and create a lien on your unit.
- Insurance: The association carries property and liability insurance (minimum $1M per occurrence) on the common areas. You may be required to carry individual flood insurance. Proceeds are held in trust for repair or distribution.
- Damage & destruction: If more than two-thirds of the building is destroyed and three-fourths of owners vote not to rebuild, the condominium may be terminated. Otherwise, repairs are made with insurance proceeds and any deficiency is assessed to owners.
Key facts from Atlantic Towers Condominium's documents
- Legal name
- Atlantic Towers Assn., Inc. (Section 1.C, Section 28)
- Units / lots
- 137 (Section 3: 137 individual condominium un)
- Governing law
- Chapter 47A, Unit Ownership Act, North Carolina General Statutes (Section 1.A)
- Special assessments
- Yes, permitted for various purposes (e.g., owner's failure to maintain, flood insurance, deficiency after casualty) (Section 9, Section 16.F, Section 18)
- Reserves & fees
- Yes, provisions for sinking fund or other reserve funds (common expenses include capital reserve) (Section 1.G, Section 12)
- Pets
- Only as permitted by rules and regulations adopted by Association; no animals, livestock or poultry otherwise (Section 7)
- Use restrictions
- Residential and lodging accommodation purposes and reasonably incidental uses (meetings, sales/rental offices for units). No animals except as permitted by rules. No signs without consent. No noxious/offensive activity. No obstruction of co (Section 7)
- Amendments
- By not less than 67% in common interest of all unit owners at a meeting; must be recorded (Section 26)
About this HOA
Atlantic Towers Condominium is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Atlantic Towers Condominium: 1 CC&R. Last updated 2026-06-01.