Sunrise Villas

What Sunrise Villas's governing documents say

Sunrise Villas is a two-unit condominium in Wilmington, NC — you own your unit and a 50% undivided interest in the common areas, which the association maintains and insures. This is the full declaration of condominium, so it covers ownership structure, use restrictions, maintenance responsibilities, and assessments. It applies to unit owners and their tenants.

• What you own & maintain: You own the interior of your unit (including non-load-bearing walls, finishes, windows, exterior doors, and interior utility lines). The association maintains all common areas (exterior, roof, foundations, utility lines outside units, and shared spaces). You are responsible for all appliances, HVAC, plumbing/electrical within the unit, and glass doors/windows.
• Use restrictions: Units are for single-family residential use only — no transient hotel or commercial use. No immoral, offensive, or nuisance activities. Structural modifications or exterior changes (including painting, antennas, fences, landscaping) require written association consent.
• Leasing & rentals: Leases are allowed but must comply with the single-family residential use restriction. No minimum lease term is stated in this document.
• Pets: No specific pet restrictions are mentioned in this document.
• Assessments & fees: Common expenses are shared equally (50% per unit). The association can levy regular and special assessments. Delinquent assessments accrue interest and collection costs, and the association has a lien on the unit that is subordinate only to first mortgages and tax liens.
• Insurance: The association carries master property insurance on the building and common areas (fire, extended coverage, vandalism). You may obtain your own insurance for your unit and personal property. Insurance proceeds are held in trust for repair or reconstruction.
• Right of first refusal: If you sell your unit, you must first offer it to the other unit owner at the same price as any bona fide offer. The right expires 30 days after notice.
• Termination & amendment: The condominium can be terminated only by unanimous agreement of both unit owners and consent of all lienholders. Amendments require written consent of both 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.