Sunset Harbour Townhouses

What Sunset Harbour Townhouses's governing documents say

Sunset Harbour Townhouses is a small condominium community in Wrightsville Beach, NC, consisting of just two units in a single building. This document is the Declaration of Covenants, Conditions, Restrictions and Unit Ownership, which establishes the condominium regime and binds all unit owners. The community is governed by the Sunset Harbour Townhouses Association, and each owner holds an undivided one-half interest in the common elements.

• What you own & maintain: You own your unit (1,510 sq ft, 9 rooms, two stories) and an undivided one-half interest in the general common areas. You are responsible for all maintenance and repairs inside your unit, including structural items. The Association maintains the common elements, and costs are shared as common expenses.
• Use restrictions: Units may only be used as a residence by a family, its servants, and guests. No unit may be divided or subdivided. No single rooms may be rented. No use may be a source of annoyance to other residents or increase insurance rates.
• Leasing & rentals: The document does not specify a minimum lease term or restrict leasing beyond the prohibition on renting single rooms. Leases must comply with the Declaration and By-Laws, and the Association may adopt additional rules.
• Pets: The document does not address pets. The Association may adopt rules and regulations regarding pets.
• Assessments & fees: The Board of Managers determines common charges and assesses them against unit owners according to their common interest (50% each). Assessments are due as directed by the Board. Unpaid assessments become a lien on the unit and may be foreclosed.
• Governance & voting: The Association is managed by a Board of two managers, each an owner or spouse. Each unit owner has one vote. A quorum requires both unit owners (100% of votes). The Board has broad powers to operate, maintain, and insure the property, and to adopt rules.
• Insurance: The Association must maintain property insurance at 100% replacement cost, liability insurance, and fidelity coverage. Each unit owner may obtain their own insurance for personal property and liability.
• Amendments: The Declaration may be amended by an instrument executed by the owners of both units and recorded in the county registry.

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.