The Edgewater Condominium at Wrightsville Beach

What The Edgewater Condominium at Wrightsville Beach's governing documents say

The Edgewater Condominium at Wrightsville Beach is a three-story condominium community in Wilmington, NC – you own your individual unit and share ownership of common elements, which the association maintains and insures. The declaration binds unit owners and their tenants, and it is governed by North Carolina’s Condominium Act.

• What you own & maintain: You own the enclosed space of your unit including interior surfaces, non-load bearing walls, windows, exterior doors and frames, and dedicated HVAC equipment. The association is responsible for common elements: foundations, exterior walls, roofs, hallways, stairs, parking, swimming pool, docks, and utility infrastructure serving multiple units. Limited common elements like adjacent decks/porches and assigned storage are for your sole use but maintained by the association.
• Use restrictions: Units are for single-family residential use only (including rentals). No immoral, offensive, or nuisance uses are allowed. Structural modifications or exterior changes require the Board’s written consent. Cooking with grills is prohibited on stairways, porches, or decks.
• Leasing & rentals: Rental of individual units is permitted. No lease minimum term is specified in this document. Guests and tenants must comply with all declaration, bylaws, and rules.
• Pets: The declaration does not address pets, so any pet rules would be set by the Board in separate rules and regulations.
• Docking facilities: The common elements include a pier and docking facilities with four boatslips. Each unit owner is entitled to use one assigned boatslip, with assignment handled by the association.
• Assessments & common expenses: Unit owners must contribute to common expenses based on their allocated interest (percentage of total volume). Assessments are set by the Board; you cannot waive payment by giving up use of common areas. Common profits are distributed to owners per the same percentage.
• Insurance: The association carries hazard, liability (at least $1M per occurrence), and flood insurance if in a flood zone. Unit owners can buy their own coverage for their unit and personal property. Insurance proceeds for reconstruction are held by the association in trust for owners and mortgagees.
• Fines & enforcement: The Board can impose fines up to $150 per offense for violations, deny use of common areas, and bring legal action to enforce the rules.

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.