Covil Gardens Condominium

What Covil Gardens Condominium's governing documents say

Covil Gardens 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, funded by per-unit assessments. This declaration establishes the condominium regime for Phase 1 (12 units in one building at 115 Covil Avenue) and reserves the developer's right to expand to up to 36 units total.

• What you own & maintain: You own the interior of your unit (including non-load-bearing walls, interior surfaces, doors, windows, and interior utility lines). The association maintains the exterior, common areas (including roofs, foundations, stairways, parking, landscaping, stormwater facilities), and carries master insurance on the building and common elements.
• Leasing & rentals: Rental of units is allowed for residential purposes, subject to association rules. The declaration does not specify a minimum lease term or any rental cap.
• Assessments & fees: Annual assessments start at $1,800 per unit ($150/month) and can increase up to 5% per year without a membership vote; increases above 5% require a 2/3 vote. A one-time initial assessment equal to two months' assessments is due at closing. Special assessments for capital improvements may also be levied. Optional cable TV ($50/month) and home security ($20/month) services increase dues.
• Parking & vehicles: Each unit is allocated 2 parking spaces. Parking is only permitted in designated spaces, not on streets or common areas.
• Use restrictions & conduct: Units are for residential use only. No outside clotheslines or similar facilities are allowed. Furniture, artwork, chimes, or other items visible on common areas, balconies, or stairwells require association approval and may be removed at the association's discretion. Tile or similar flooring on second or third floors requires association approval and must include sound-dampening subflooring.
• Pets: The declaration does not address pet restrictions.
• Age restrictions: There are no age restrictions in this declaration.
• What this document doesn't cover: This is the declaration of condominium only; it does not include the full bylaws, rules and regulations, or any exhibits (such as the plat or unit square footage schedule). Specific rules about pets, leasing limits, and architectural review may be in those other documents.

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.