Island Dream Townhomes IV
association language present (entity×57, governance×5)
We didn't find proxy provisions in the governing documents on file. This usually means the bylaws haven't been uploaded yet.
Documents
Proxy voting
Real HOA decisions get made by proxy, before the meeting ever happens.
Ask a chatbot about the governing documents
Help unlock answers for this community
HOAproxy makes communities' governing documents searchable in plain English.
We don't have the CC&Rs, bylaws, or rules for this HOA yet — so there's nothing to ask about right now. If you have them, adding them takes a minute and lets this assistant answer questions for every neighbor who looks up this HOA next.
Location
Add documents
Have the CC&Rs, bylaws, or rules for this community? Upload them and we'll make them searchable for your neighbors.
Edit HOA details
Add or correct the website and location for this HOA.
What Island Dream Townhomes IV's governing documents say
Island Dream Townhomes IV is a small condominium community in Carolina Beach, NC, with just two units in one building. You own your unit (a 3-bedroom townhome with garage) plus a 50% undivided share of the common areas. The association maintains the building's exterior and common elements, funded by assessments paid by unit owners.
- What you own & maintain: You own your unit's interior (walls, floors, ceilings) and must keep it in good repair. The association maintains the building's exterior, foundations, roof, common areas, and limited common elements like decks and driveways. You are responsible for your unit's interior maintenance and any damage you cause.
- Leasing & rentals: Rental of units is allowed, subject to association rules. Leases must comply with the condominium documents. The declaration does not specify a minimum lease term, but the association may adopt rules governing rentals.
- Pets: The association may require you to remove a pet if it becomes a nuisance. No other pet restrictions are stated in this declaration.
- Parking & vehicles: Boats, trailers, and motor homes may not be stored on common or limited common areas unless designated by the board. Parking is otherwise governed by association rules.
- Architectural review: You must get written board approval before making any structural modifications, exterior changes (including painting, antennas, signs), or altering the appearance of common or limited common areas (including landscaping).
- Assessments & fees: Each unit owner pays a monthly assessment based on their 50% undivided interest. Assessments fund common expenses, including maintenance, insurance, and reserves. Delinquent assessments accrue interest and late fees, and the association can place a lien on your unit and foreclose if unpaid.
- Insurance: The association carries master property and liability insurance for the building and common areas (minimum $300,000 liability). You need your own insurance for personal property and interior improvements. The master policy is primary for covered losses.
- Use restrictions: Units may only be used for single-family residential purposes. No immoral, offensive, or unlawful use is allowed. You cannot create a nuisance or interfere with other owners' peaceful enjoyment.
Key facts from Island Dream Townhomes IV's documents
- Community type
- Condominium
- Legal name
- Island Dream Townhomes IV
- Developer / declarant
- DR Associates, LLC (Opening paragraph; Article I, Definition)
- Governing law
- North Carolina Condominium Act (Chapter 47C of the North Carolina General Statutes) (Article I, Definition A; Opening paragra)
- Assessments & dues
- Board of Directors establishes proposed annual budget; submitted to membership for approval at annual meeting (Article XI, B)
- Special assessments
- Association may repair owner's failure and collect by special assessment; capital improvement fund approved by membership also constitutes special assessment mechanism (Article IX, B; Article XI, C)
- Collections & liens
- Unpaid assessment constitutes a lien against the unit; enforceable by foreclosure under NC law; Association may collect reasonable rent; have power to bid at foreclosure and resell (Article XI, H, I)
- Reserves & fees
- Capital improvement fund (reserve) may be established in annual budget, subject to membership approval, maintained in separate account, used only for capital improvements (Article XI, C)
- Pets
- Pets allowed, but Association may require removal if determined to be a nuisance (Article VIII, E)
- Leasing & rentals
- Rental of units permitted pursuant to rules and regulations established by the Association (Article VIII, A)
- Insurance
- Any deductibles payable by Association on account of loss shall be a common expense (Article XIV, C)
- Use restrictions
- Buildings and each unit shall be used only for single family residential purposes; rental allowed pursuant to rules (Article VIII, A)
- Amendments
- This Declaration may be amended by vote of not less than all of the unit owners at a meeting held according to By-Laws; amendment must be recorded; no amendment detrimental to Declarant without Declarant's written approval (Article XIX)
About this HOA
Island Dream Townhomes IV is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Island Dream Townhomes IV: 1 CC&R. Last updated 2026-06-01.