Azalea Trace Condominium
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What Azalea Trace Condominium's governing documents say
Azalea Trace Condominium is a condominium community in Wilmington, NC — you own your individual unit and a share of the common areas, which the association maintains and insures. This declaration covers Sections 2 and 3, with buildings of 3-bedroom units. The document also reserves the developer's right to expand the project.
- What you own & maintain: You own the interior of your unit (including non-load-bearing walls, fixtures, and finishes). The association maintains the exterior, common areas, and limited common areas like decks and entries. You must keep your unit in good repair and may be charged for damage caused by misuse.
- Assessments & fees: Annual assessments start at $1,440 per unit ($120/month) and can increase up to 5% per year without a vote; higher increases require a 2/3 vote. A special assessment may be levied for capital improvements. Unpaid assessments accrue 18% interest and become a lien on the unit.
- Leasing & rentals: Units may be rented for residential purposes, subject to association rules. No minimum lease term is stated in this excerpt, but rentals are allowed.
- Occupancy limits: For 3-bedroom units, the maximum unrelated occupants is 6, and total occupants is 8 (or less if city ordinance requires). For 2-bedroom units, limits are 4 unrelated and 6 total.
- Pets: This excerpt does not address pet restrictions. Check the full declaration or rules and regulations.
- Parking: The development provides 2.75 parking spaces per unit. Parking is allowed only in designated spaces, not on streets or common areas.
- Insurance: The association carries master property and liability insurance (minimum $1,000,000 liability) on the common areas and building structure. Unit owners are responsible for insuring their own personal property and improvements.
- What this document doesn't cover: This excerpt does not include the full rules and regulations, architectural guidelines, or specific pet policies. Those may be found in the bylaws or separate documents.
Key facts from Azalea Trace Condominium's documents
- Community type
- Condominium
- Legal name
- Azalea Trace Condominium
- Developer / declarant
- Eureka, Inc. (Preamble)
- Governing law
- North Carolina Condominium Act (Chapter 47C of the North Carolina General Statutes) (Preamble; Art. 1(A))
- Assessments & dues
- Maximum $1,440 per unit per year ($120/month) (Art. 9(C): "maximum annual assessment sh)
- Special assessments
- May be levied for capital improvements, including construction, reconstruction, repair or replacement of capital improvements (Art. 9(D))
- Reserves & fees
- Contingency Reserve Fund for unanticipated expenses and capital improvement or repair (Art. 9(B)(10): "To accumulate and mainta)
- Use restrictions
- Buildings and each unit shall be used for residential and lodging accommodation purposes, including rental (Art. 8(A): "The buildings and each of th)
- Voting & meetings
- Class A (unit owners): one vote per unit; Class B (Declarant): three votes per unit until termination (Art. 7(B))
Related associations
Part of: Azalea Trace
Nearby (within 500 m): Fairlawn · Barclay Hills · Mcclelland Townhomes · Smith Creek Village · Yester Oaks · Cornerstone Condominiums · Brassfield Subdivision · Mcclelland Woods · Holton Place Condominium
About this HOA
Azalea Trace Condominium is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Azalea Trace Condominium: 1 CC&R. Last updated 2026-06-01.