Surf Motel Condominium

What Surf Motel Condominium's governing documents say

Surf Motel Condominium is a condominium community in Wrightsville Beach, NC, where you own a motel-style unit and share ownership of the building's common areas. The property is designed for short-term lodging as a motel, and unit owners may rent their units. This document is the Declaration of Condominium, which establishes the legal framework for the condominium.

• What you own & maintain: You own your unit (a motel suite) and its interior fixtures, finishes, and appliances. You must maintain everything inside your unit, including plumbing, HVAC, electrical, and floor/wall coverings. The association maintains the common areas (halls, lobby, pool, parking, etc.) and the building's structure.
• Use of units: Units must be used for lodging accommodations as a motel, including rental of individual units. No animals, livestock, or poultry may be kept except as allowed by association rules. No signs may be displayed without approval. Nothing may be done that increases insurance rates or creates a nuisance.
• Leasing & rentals: Owners may rent their units directly or through approved rental agents. The board may recommend rental agents but cannot control rental periods or fees. There is no rental pooling or requirement to rent. All rentals must comply with the condominium documents.
• Common expenses & assessments: Unit owners pay a pro-rata share of common expenses (administration, maintenance, repair, reserves) based on their percentage interest as set forth in Exhibit C. Assessments are due monthly or annually as determined by the board. Unpaid assessments bear interest and create a lien on the unit.
• Insurance: The association obtains master insurance for the property (excluding unit interiors and limited common areas). Premiums are a common expense. Insurance proceeds are used for repair or reconstruction; if the building is more than two-thirds destroyed and 3/4 of owners vote not to rebuild, the property may be sold or owned as tenants-in-common.
• Amendments: The Declaration may be amended by a vote of at least 60% of unit owners (by common interest) at a meeting, and the amendment must be recorded. The bylaws have their own amendment procedure.

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.