Island Dream Townhomes Xxii
association language present (entity×45, governance×5)
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What Island Dream Townhomes Xxii's governing documents say
Island Dream Townhomes XXII is a two-unit condominium in Kure Beach, NC. You own your unit and a 50% undivided share of the common areas, which the association maintains and insures. The building is a three-story wood-frame structure on pilings, with each unit having its own decks, parking, and utility lines as limited common areas.
- 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, exterior walls, roof, yard, parking, utility infrastructure) and limited common areas (decks, stairs, driveways serving only your unit). You must keep your unit in good repair and comply with insurance requirements.
- Use restrictions: Units may be used only for single-family residential purposes, including rentals under association rules. No time-sharing is allowed. No immoral, offensive, or unlawful use is permitted. Structural modifications or exterior changes (painting, antennas, signs, fences, landscaping) require board approval. No boats, trailers, or motor homes may be stored on common areas except as designated.
- Pets: The association may require removal of any pet that becomes a nuisance.
- Leasing & rentals: Rentals are allowed subject to association rules. No minimum lease term is stated in this declaration.
- Assessments & fees: Each unit owner pays 50% of common expenses. The board sets an annual budget, and assessments are payable monthly unless otherwise determined. Delinquent assessments accrue interest at the maximum legal rate, plus late fees and collection costs, and become a lien on the unit.
- Insurance: The association carries master property and liability insurance (minimum $300,000 liability) on the building and common areas. Each unit owner is an insured under the policy for liability arising from common elements. Proceeds are held in trust for repair or replacement; if not rebuilt, proceeds are distributed to owners and lienholders.
- What this document doesn't cover: This declaration does not specify pet limits, minimum lease terms, rental application fees, or age restrictions. It also does not include detailed architectural guidelines or rules about noise, trash, or parking enforcement.
Key facts from Island Dream Townhomes Xxii's documents
- Community type
- Condominium (Title and Article I(J) definition)
- Legal name
- Island Dream Townhomes XXII Condominium Association
- Developer / declarant
- DR Associates, LLC (Opening paragraph and Article I(L))
- Governing law
- North Carolina Condominium Act (Chapter 47C) (Article I(A))
- Assessments & dues
- Board establishes proposed annual budget, submitted to membership for approval at annual meeting (Article XI(B))
- Special assessments
- Association may collect by special assessment for owner-caused repairs and for capital improvements with membership approval (Article IX(B) and Article XI(C))
- Collections & liens
- Unpaid assessment constitutes a lien against the unit; foreclosable under NC Gen. Stat. 47A-22; Association may bid at sale (Article XI(H) and (I))
- Reserves & fees
- Capital improvement fund for replacement; maintained in separate account (Article XI(C))
- Pets
- Yes, but Association may require removal if determined to be a nuisance (Article VIII(E))
- Leasing & rentals
- Yes, rental of units by owner pursuant to Association rules and regulations (Article VIII(A): which shall include the)
- Architectural approval
- Written consent of Board required for structural modifications, exterior changes (painting, antennas, signs), and any object on common/limited common areas (Article VIII(C))
- Signs & flags
- Prohibited without Board consent (including television/radio antenna/dishes or signs) (Article VIII(C))
- Maintenance
- Association (roofs are common elements) (Article V(A)(1): All foundations, column)
- Insurance
- Fire, flood, wind, hail, other hazards, public liability; fair market value; liability at least $300,000 per occurrence (Article XIV(A))
- Use restrictions
- Used only for single family residential purposes (Article VIII(A))
About this HOA
Island Dream Townhomes Xxii is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Island Dream Townhomes Xxii: 1 CC&R. Last updated 2026-06-01.