Ocean Villas at Carolina Beach

What Ocean Villas at Carolina Beach's governing documents say

Ocean Villas at Carolina Beach is a small condominium community in Wilmington, NC, consisting of a single building with two residential units. This Declaration of Condominium establishes the legal framework for unit ownership, common elements, and the homeowners association. It binds unit owners and outlines their rights and responsibilities.

• What you own & maintain: You own the interior finished surfaces of your unit (walls, floors, ceilings). The association maintains the common elements (land, roof, foundations, corridors, parking areas) and limited common elements like exterior doors, windows, decks, and balconies. However, you are responsible for maintaining certain limited common elements such as HVAC components serving your unit, and for replacing broken glass in windows that are common elements.
• Use restrictions: All units are for residential use only. No obnoxious or unlawful activity is allowed. No signs, flags, or banners may be displayed publicly. No planting of hedges or shrubs without prior written association permission. Parking is allowed only in designated areas.
• Assessments & fees: Each unit owner pays a 50% share of common expenses. Assessments are collected at least quarterly. Unpaid assessments become a lien on the unit after 30 days.
• Insurance: The association carries property insurance on the building and common elements (replacement cost, at least 90% coinsurance) and public liability insurance (minimum $500,000 per person, $1,000,000 per occurrence). Each owner should obtain their own insurance for personal property and liability.
• Alterations & repairs: You may alter your unit with prior association notice, using materials similar to existing construction, and without affecting structural integrity. You bear all costs and must indemnify the association. No structural changes without written board consent.
• Leasing & rentals: The document does not specify a minimum lease term or restrictions on leasing. However, all tenants must comply with the declaration, bylaws, and rules.
• Pets: The document does not address pet restrictions.
• Amendments: Amendments require a 67% vote of unit owners and consent of their mortgagees. Changes to unit boundaries, use restrictions, or allocated interests require unanimous owner approval.

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.