Island Dream Townhomes Xv
association language present (entity×47, 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 Xv's governing documents say
Island Dream Townhomes XV is a small condominium community in Carolina Beach, NC, with just two units in a single building. As a condominium, you own your unit individually and share ownership of common areas like the yard, parking, and structural elements. The association maintains the common elements and carries master insurance, funded by assessments on each unit.
- What you own & maintain: You own the interior of your unit (bounded by unfinished surfaces of walls, ceiling, and floor). The association maintains common areas (foundations, roof, exterior walls, yard, parking, utilities serving both units) and limited common areas (decks, stairs, driveways assigned to your unit). You must keep your unit in good repair.
- Leasing & rentals: Rental of units is allowed, subject to association rules. No minimum lease term is stated in this declaration.
- Pets: The association may require removal of any pet that becomes a nuisance. No limit on number or type is stated in this declaration.
- Architectural review: No structural modifications or exterior changes (including painting, antennas, signs, or landscaping) may be made without written board approval.
- Parking & vehicles: Boats, trailers, and motor homes may not be stored on common or limited common areas except in designated areas.
- Assessments & fees: Each unit owner pays a 50% share of common expenses. Assessments are set annually by the board and paid monthly. Delinquent assessments accrue interest and late fees, and create a lien on the unit that can be foreclosed.
- Insurance: The association carries master property and liability insurance (minimum $300,000 liability) for the building and common areas. You insure your own personal property and interior.
Key facts from Island Dream Townhomes Xv's documents
- Community type
- condominium (Title and Article I(J))
- Legal name
- Island Dream Townhomes XV
- Developer / declarant
- DR Associates, LLC (First paragraph and Article I(L))
- Governing law
- Chapter 47C of the North Carolina General Statutes (North Carolina Condominium Act) (Article I(A))
- Assessments & dues
- Board proposes annual budget; membership approves at annual meeting; assessments apportioned based on undivided interest (Article XI(B) and (D))
- Special assessments
- Association may levy special assessment for owner's failure to repair/maintain (Article IX(B)); common expenses may include reserves (Article I(H)) (Article IX(B) and Article I(H))
- Collections & liens
- Unpaid assessments constitute lien on unit, enforceable by foreclosure under NC law; Association can bid and acquire unit (Article XI(H) and (I): "unpaid assessmen)
- Reserves & fees
- Board may designate reserve fund for replacement and capital improvements; maintained in separate account; membership approval required (Article XI(C): "reserve fund for replace)
- Pets
- Pets are allowed but Association may require removal if determined to be a nuisance (Article VIII(E): "The Unit Owners Associ)
- Leasing & rentals
- Rental of units by owners is allowed pursuant to rules and regulations established by Association (Article VIII(A): "shall include the rent)
- Architectural approval
- Written consent of Board required for structural modifications, exterior changes, and fixing objects to common or limited common areas (Article VIII(C): "without first obtainin)
- Maintenance
- Association responsible; roofs are part of common areas (Article V(A)1: "All foundations, columns)
- Insurance
- Deductibles payable by Association are common expenses (Article XIV(C): "any deductibles payable)
- Use restrictions
- Units used only for single family residential purposes, including rental pursuant to Association rules (Article VIII(A): "used only for single f)
About this HOA
Island Dream Townhomes Xv is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Island Dream Townhomes Xv: 1 CC&R. Last updated 2026-06-01.