Tropic Isle Condominium

What Tropic Isle Condominium's governing documents say

Tropic Isle Condominium is a 4-unit condominium community in Wilmington, NC. You own your individual unit and share ownership of the common elements, which are managed by the Tropic Isle Owners Association. The declaration establishes the legal framework for ownership, use restrictions, and assessments.

• Use restrictions: Units are for residential purposes only. No business, trade, or profession is allowed. Signs require board approval. No boats, trailers, or personal articles may be left in common elements. No immoral or unlawful use is permitted.
• Pets: No bird or animal may be kept without written board permission, which will follow a standard guideline. Dogs are not allowed in common elements unless carried or on a leash. Owners must clean up animal waste and indemnify the association for any liability.
• Leasing & rentals: The document does not specify a minimum lease term or other rental restrictions beyond the general requirement that units be used for residential purposes.
• Alterations & modifications: No structural alterations or exterior changes (including painting, antennas, or air conditioning units) may be made without prior written consent of the declarant or board. Interior alterations are subject to board approval if they affect the condominium.
• Parking & vehicles: Vehicles must be parked only in marked, assigned spaces, one per space, and not on grass or landscaped areas. No non-operable or unregistered vehicles are allowed. Drips or spills must be cleaned immediately by the owner.
• Assessments & fees: The board adopts an annual budget and levies assessments based on each unit's common expense liability. A nonrefundable working capital assessment equal to three months' common expense assessments is due upon conveyance from the declarant.
• What this document doesn't cover: This excerpt is a partial declaration of condominium. It does not include the full bylaws, rules and regulations, or exhibits (such as the plat, unit allocation, or encumbrances). Specific details on insurance, dispute resolution, and amendment procedures are not fully provided.

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.