Tarrymore Condominiums

What Tarrymore Condominiums's governing documents say

Tarrymore Condominiums is a condominium community in Wilmington, NC — you own your individual unit and share ownership of the building's common elements. The first floor is designated for commercial use (e.g., restaurant, bar), while the second floor is residential only. This document is the full Declaration of Condominium, which establishes the legal framework for the community.

• What you own & maintain: You own the interior surfaces of your unit (walls, floors, ceilings) and all fixtures within. The association maintains the common elements (hallways, exterior, grounds) and carries master insurance. Limited common elements (e.g., balconies, parking spaces) are assigned to specific units.
• Use restrictions: First-floor units are for commercial business purposes (e.g., restaurant, bar, banquet facility). Second-floor units are for residential use only. No smoking is allowed anywhere in the condominium, including units. No animals or birds are permitted in any unit or common elements.
• Leasing & rentals: Second-floor residential units cannot be rented for more than 180 days (including renewals and extensions). First-floor commercial units have no stated rental restriction. 'For Sale' or 'For Rent' signs require board approval.
• Alterations & modifications: No structural alterations or exterior changes (painting, antennas, air conditioning units) are allowed without prior written consent from the declarant or association. Plans and specifications must be approved before any work begins.
• Parking & vehicles: Vehicles must be parked only in marked, assigned spaces (one per space), not on grass or landscaped areas. No inoperable or unregistered vehicles are allowed. Drips or spills must be cleaned immediately by the vehicle owner.
• Assessments & fees: The board adopts an annual budget and levies assessments on all units. A nonrefundable working capital assessment equal to two months' common area fees is due upon purchase from the declarant. Late payments accrue interest up to 18% per annum and may become a lien on the unit.
• What this document doesn't cover: This document does not specify the exact amount of monthly assessments, pet policies (beyond the ban on animals), or age restrictions. It also does not detail the association's bylaws or rules and regulations, which may be adopted separately.

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.