The Cottages at Carolina Beach Lake Mary

What The Cottages at Carolina Beach Lake Mary's governing documents say

The Cottages at Carolina Beach Lake is a small condominium community in Wilmington, NC, consisting of one building with two residential units. This document is the full Declaration of Condominium that establishes the legal framework for the community, defining unit ownership, common elements, and the rights and responsibilities of unit owners.

• What you own & maintain: You own the interior space of your unit, including finished surfaces, interior partitions, and fixtures. The association maintains common elements (land, foundations, roofs, corridors, yards, parking areas, and central utility systems). You are responsible for maintaining your unit's appliances, window glass, interior surfaces, and any porch attached to your unit.
• Leasing & rentals: Units may be used for residential purposes and may be leased on a weekly basis. There is no minimum lease term stated beyond the weekly allowance.
• Pets: The document does not address pets. No pet restrictions are stated.
• Parking & vehicles: Vehicles must be parked only in areas designated by the association. Yards, driveways, and parking areas must not be obstructed.
• Architectural review: No structural modifications or alterations are allowed without prior written consent of the homeowners association. Exterior changes (painting, wiring, antennas, awnings, etc.) also require consent. The association may withhold consent if the change affects the building's structure or aesthetics.
• Assessments & fees: Each owner contributes to common expenses based on their 50% undivided interest in the common elements. Assessments are collected at least quarterly. Unpaid assessments become a lien on the unit after 30 days.
• Insurance: The association carries property insurance on the building and common elements (replacement cost, at least 90% coinsurance) and public liability insurance (minimum $500,000 per person, $1,000,000 per occurrence). Owners may obtain their own insurance for personal property and liability.
• Use restrictions: Units are for residential use only. No obnoxious or unlawful activities are allowed. Common elements cannot be used for storage. No signs, flags, or banners visible from outside. No hazardous activities that increase insurance rates. Shrubbery requires association permission.

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.