Lookout Harbour Condominium

What Lookout Harbour Condominium's governing documents say

Lookout Harbour is a condominium community in Wilmington, NC — you own your individual unit and a share of the common areas, which the association maintains and insures. The community was built in phases, and the declarant retained the right to add Phase 2 without unit owner approval. This document is the original Declaration of Condominium from 1982, so some details (like current fees or rules) may have changed.

• What you own & maintain: You own the interior surfaces of your unit (walls, floors, ceilings) and the limited common areas like decks, outside stairways, and carports. You must maintain your unit and those limited common areas; the association maintains the structural elements, roofs, exterior walls, and common facilities.
• Common areas & facilities: Common areas include the land, foundations, roofs, exterior walls, parking areas, walkways, pool, pool deck, cabana, and utility systems. Each unit has an undivided interest in the common areas, with percentages set by the declarant based on fair market value.
• Use restrictions: Units must be used for residential and lodging accommodation purposes, which includes rentals. No other uses are allowed without unanimous consent of all unit owners.
• Leasing & rentals: Rentals are permitted for residential and lodging accommodations, subject to rules established by the association. No minimum lease term is stated in this document.
• Pets: This document does not address pet restrictions.
• Insurance: The association carries master property and liability insurance on the common areas and buildings. Unit owners are responsible for insuring their own personal property and limited common areas. Insurance proceeds are held in trust for repair or distribution.
• Damage & reconstruction: If more than two-thirds of the buildings are destroyed, owners of three-fourths of the units can vote not to rebuild, leading to sale or termination of the condominium. Otherwise, repairs are mandatory.
• What this document doesn't cover: This excerpt does not include current assessment amounts, specific rental restrictions, pet rules, age restrictions, or parking rules. It also does not contain the full bylaws or any later amendments.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.