Eight Meier Street Condominium
association language present (entity×47, governance×5)
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What Eight Meier Street Condominium's governing documents say
Eight Meier Street Condominium is a small condominium community in Wilmington, NC, with only two units. You own your individual unit and a 50% undivided share of the common areas. The association maintains the common elements and carries master insurance, funded by assessments on unit owners.
- What you own & maintain: You own your unit (bounded by interior unfinished surfaces of walls, ceiling, and floor) and a 50% undivided interest in common areas. You must maintain your unit in good condition; the association maintains common and limited common areas (e.g., decks, stairs, parking) and carries master insurance.
- Use restrictions: Units may only be used for single-family residential purposes. No immoral, offensive, or unlawful use is allowed. No structural modifications or exterior alterations (including painting, antennas, signs) without board approval. No boats, trailers, or motor homes may be stored on the property except as designated by the board.
- Pets: The association may require removal of any pet that is determined to be a nuisance.
- Leasing & rentals: Rental of units is permitted pursuant to association rules and regulations. No minimum lease term is stated in this declaration.
- Assessments & fees: Assessments are apportioned based on each unit's 50% undivided interest. They are payable quarterly unless the board decides otherwise. Initial purchasers pay a working capital contribution equal to two months' dues at closing. Delinquent assessments bear interest at the maximum legal rate and may become a lien on the unit.
- Insurance: The association must carry property and liability insurance (minimum $300,000 liability per occurrence). Premiums are a common expense. Each unit owner is an insured person for liability arising from common elements or association membership.
- Damage & reconstruction: If common areas are damaged, the board must promptly repair using insurance proceeds. If 100% of unit owners decide not to rebuild, the property may be sold or owned as tenants-in-common. Reconstruction must substantially follow original plans unless all owners and institutional lenders approve changes.
Key facts from Eight Meier Street Condominium's documents
- Community type
- condominium (Title page and Article I.J)
- Legal name
- Eight Meier Street Condominium
- Developer / declarant
- Wright Holman Construction Co, Inc, a North Carolina Corporation (Opening paragraph)
- Governing law
- North Carolina Condominium Act, Chapter 47C of the North Carolina General Statutes (Article I.A)
- Assessments & dues
- Board proposes annual budget, delivered to members at least 10 days before annual meeting; approved at meeting (Article X.B (Common Expenses))
- Special assessments
- Association may repair and collect by special assessment if owner fails to maintain unit and endangers value; special assessment may include costs of abating nuisance (Article IX.B)
- Collections & liens
- Unpaid assessment constitutes a lien enforceable from filing in public records; foreclosure per NC GS 47A-22; Association may bid at sale; proceeds applied to assessments, costs, attorney fees, then surplus to former owner or clerk (Article X.H, I (Common Expenses))
- Reserves & fees
- Board may designate a capital improvement fund for replacement of and capital improvements to common and limited common areas; subject to membership approval; kept in separate account; interest may be used for current operations (Article X.C (Common Expenses))
- Pets
- Yes, but Association may require removal of a pet if determined to be a nuisance (Article VIII.E)
- Leasing & rentals
- Rental of units allowed pursuant to rules and regulations established by the Association (Article VIII.A)
- Architectural approval
- Written consent of Board required for structural modification, alterations to exterior (including painting, antenna/dishes, signs), fixing objects to common or limited common areas (Article VIII.C)
- Signs & flags
- Installing signs requires prior written consent of Board of Directors (Article VIII.C)
- Maintenance
- Roofs are part of common areas (Article V.1) so maintained by Association (Article V.1, Article IX.A)
- Insurance
- Any deductibles payable by Association on account of a loss shall be a common expense (Article XIV.C)
- Use restrictions
- Units shall be used only for single family residential purposes (Article VIII.A)
- Voting & meetings
- Membership approves budget at annual meeting (Article X.B: 'the budget shall be submit)
About this HOA
Eight Meier Street Condominium is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Eight Meier Street Condominium: 1 CC&R. Last updated 2026-06-01.