Summer Sands Condominium

What Summer Sands Condominium's governing documents say

Summer Sands Condominium is a condominium community in Wrightsville Beach, NC — you own your individual unit and share ownership of the building's common elements, which the association maintains and insures. The declaration allows daily rentals (like a motel) and includes a potential Phase II expansion.

• What you own & maintain: You own the interior surfaces, non-load-bearing walls, doors, windows, and mechanical equipment within your unit. The association maintains the building's structure, common areas (halls, elevators, pool, parking), and carries master insurance.
• Leasing & rentals: Units may be rented on a daily basis for lodging, with guests required to sign in at a registration desk. Owners have the absolute right to rent directly or through an approved agent; no rental pooling is required.
• Pets: No animals, livestock, or poultry may be raised, bred, or kept in any unit or common area except as permitted by association rules.
• Use restrictions: Units must be used for residential purposes, which includes daily rentals. No signs may be displayed without prior consent. Nothing may be stored in common areas without approval.
• Assessments & fees: Unit owners pay a pro-rata share of common expenses based on their percentage interest (set forth in Exhibit C). A working capital reserve equal to two months' estimated assessment is due at closing. Late payments bear interest at the maximum legal rate.
• Insurance: The association carries master property and liability insurance (minimum $1,000,000 liability). Each unit owner must also maintain individual flood insurance as determined by the board.
• Amendments & termination: The declaration may be amended by a 67% vote of unit owners. Termination requires unanimous consent or, after substantial destruction, a vote of three-fourths of unit owners.

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.