Flagship II Condominium
association language present (entity×53, governance×3)
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What Flagship II Condominium's governing documents say
Flagship II Condominium is a condominium community in Carolina Beach, NC — you own your individual unit and an undivided share of the common areas, which the association maintains and insures. The declaration governs all unit owners, tenants, and occupants.
- What you own & maintain: You own the interior of your unit (walls, floors, ceilings, fixtures, appliances) and must maintain it at your own expense. The association maintains all common areas and limited common areas like decks and exterior stairs.
- Leasing & rentals: Units may be rented for residential/lodging purposes, but the association may recommend rental agents and require standard rental agreements. No rental pooling or minimum lease term is stated in this declaration.
- Pets: This declaration does not address pet restrictions; check the association's rules and regulations.
- Assessments & fees: Each unit pays a monthly assessment based on its percentage interest in common expenses (set in Exhibit C). A two-month working capital reserve is due at closing. Late payments bear interest at the maximum legal rate.
- Insurance: The association carries master property and liability insurance (minimum $1M liability) on common areas. Each unit owner must maintain individual flood insurance. Insurance proceeds are held in trust for repair or distribution.
- Use restrictions: Units are for residential and lodging accommodation only. The declarant may use unsold units for sales/rental offices until all units are sold.
- Amendments & termination: The declaration can be amended by 67% of unit owners. Termination requires unanimous consent or, after substantial destruction, a 75% vote of unit owners not to rebuild.
Key facts from Flagship II Condominium's documents
- Community type
- condominium (submits said property to condominium own)
- Legal name
- Flagship II Condominium
- Developer / declarant
- LEN SESSOMS and wife, OZELL SESSOMS (LEN SESSOMS and wife, OZELL SESSOMS, her)
- Governing law
- Chapter 47A of the General Statutes of North Carolina (Unit Ownership Act) (pursuant to Chapter 47A of the General S)
- Assessments & dues
- Each unit's monthly assessment is its percentage (Exhibit C) of estimated total expenses; after adoption of annual budget at first members' meeting, new budget determines assessments (Paragraph 22.A and 22.B: interim assessm)
- Voting & meetings
- By common interest percentage (percentages set in Exhibit C) (Paragraph 25: vote of not less that 67% )
About this HOA
Flagship II Condominium is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Flagship II Condominium: 1 CC&R. Last updated 2026-06-01.