Island Dream Townhomes Xvi
association language present (entity×48, governance×5)
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What Island Dream Townhomes Xvi's governing documents say
Island Dream Townhomes XVI is a condominium community in Carolina Beach, NC, consisting of a single two-unit building. You own your unit individually and share ownership of the common elements with the other unit owner. The association maintains the common areas and carries master insurance, funded by assessments based on a 50/50 split.
- What you own & maintain: You own the interior of your unit (bounded by unfinished surfaces of walls, ceiling, and floor). The association maintains the common elements (foundations, roof, exterior walls, yard, parking, utility lines) and limited common areas (decks, stairs, driveways serving only your unit). You must keep your unit in good repair and cannot make structural or exterior changes without board approval.
- Leasing & rentals: Rental of units is allowed, subject to rules established by the association. No minimum lease term is stated in this declaration.
- Pets: The association may require you to remove a pet if it is determined to be a nuisance. No limit on number or type is stated in this declaration.
- Parking & vehicles: Boats, trailers, and motor homes may not be stored on common or limited common areas except in designated areas approved by the board.
- Assessments & fees: Each unit owner pays 50% of common expenses. Assessments are payable monthly unless the board decides otherwise. Delinquent assessments accrue interest and late fees, and the association can place a lien on your unit and foreclose.
- Insurance: The association carries master property and liability insurance (minimum $300,000 liability) on the building and common areas. You need your own insurance for personal property and unit improvements.
- Use restrictions: Units may be used only for single-family residential purposes. No immoral, offensive, or nuisance uses are allowed. Time-share ownership is prohibited.
- What this document doesn't cover: This declaration does not specify rules about noise, trash, holiday decorations, or specific pet limits. Those may be covered in the association's bylaws or rules and regulations.
Key facts from Island Dream Townhomes Xvi's documents
- Community type
- Condominium
- Legal name
- Island Dream Townhomes XVI
- Developer / declarant
- DR Associates, LLC
- Governing law
- North Carolina Condominium Act (Chapter 47C of the General Statutes) (Article I.A)
- Assessments & dues
- Not fixed; established annually by Board and approved by membership (Article XI.B)
- Special assessments
- Allowed for capital improvements (with membership approval) and for repairs necessitated by owner default (Article IX.A, Article XI.C)
- Collections & liens
- Unpaid assessment constitutes a lien against the unit and its appurtenant interest; lien enforceable by foreclosure under NC law; Association may bid at sale, acquire unit, and resell; surplus after costs returned to former owner (Article XI.H, I)
- Reserves & fees
- Capital improvement fund collected as part of budget, maintained in separate account, used only for capital improvements; interest may be used for operations (Article XI.C)
- Pets
- Yes, but Association may require removal if determined a nuisance (Article VIII.E)
- Leasing & rentals
- Yes, rental permitted pursuant to rules and regulations established by Association (Article VIII.A)
- Architectural approval
- Structural modifications or alterations to unit, exterior changes (painting, antennas, signs, etc.), and fixing objects to common/limited common areas require written Board consent (Article VIII.C)
- Signs & flags
- Installation of signs prohibited without written Board consent (Article VIII.C)
- Maintenance
- Roof is part of common areas (exterior walls and roofs), therefore Association maintenance (Article V.1, Article IX.A)
- Insurance
- Common expense (Article XIV.C)
- Use restrictions
- Units shall be used only for single family residential purposes, including rental pursuant to rules (Article VIII.A)
About this HOA
Island Dream Townhomes Xvi is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Island Dream Townhomes Xvi: 1 CC&R. Last updated 2026-06-01.