Carolina Bay Condominium

What Carolina Bay Condominium's governing documents say

Carolina Bay Condominium is a condominium community in Wilmington, NC — you own your individual unit and share ownership of the building's common elements, which the association maintains and insures. The declaration establishes the condominium regime, defines unit owners' rights and obligations, and reserves development rights for the declarant to add up to 12 additional units and construct boat slips.

• What you own & maintain: You own your unit's interior. The association maintains common elements (e.g., exterior, parking areas, docks) and carries master insurance. Limited common elements (e.g., balconies, assigned parking spaces, boat slips) are allocated to specific units; their maintenance is the unit owner's responsibility, except exterior painting of deck rails, window frames, door frames, and thresholds, which the association handles.
• Parking & vehicles: Each unit has one assigned parking space (garage or covered) as a limited common element. Uncovered common parking is for self-parking and guest use; no unit owner may park more than two vehicles in common parking without board approval. During declarant control, up to five spaces may be reserved for the declarant's sales use.
• Boat slips: One boat slip per unit will be constructed as a limited common element. Boat slips cannot be sold or leased separately from the unit. Each unit may dock only one boat (owned or leased by the owner, household member, employee, or tenant) without board consent. The dock surrounding slips is a common element; cleats, electrical outlets, and hose bibs adjacent to each slip are limited common elements maintained at the unit owner's cost.
• Leasing & rentals: The declaration does not specify minimum lease terms or restrictions on leasing beyond the general rule that unit owners may lease their units. (Note: The excerpt does not contain explicit leasing restrictions; the overview reflects the document's silence on this topic.)
• Pets: The declaration does not address pet restrictions. (Note: The excerpt does not contain any pet rules.)
• Architectural review & modifications: Unit boundaries may be relocated only with board approval and a recorded amendment. Limited common elements cannot be altered or reallocated without unanimous consent of affected unit owners and board approval. The declarant and general contractor retain easements to inspect, redesign, and correct construction defects, with a right of entry upon notice.
• Dispute resolution & construction defects: Before suing the declarant or general contractor for construction defects, the association or owner must provide 60 days' notice and an opportunity to inspect and repair. The association must obtain a 67% owner vote to bring a claim affecting common elements or more than 20% of units. Claims must go through negotiation, mediation, and then binding arbitration.
• What this document doesn't cover: This excerpt is the declaration of condominium; it does not include the full bylaws, rules and regulations, or fee schedules. Topics like pet limits, lease restrictions, age restrictions, and specific assessment amounts are not addressed in this document.

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.