Villas on Clam Shell Condominium

What Villas on Clam Shell Condominium's governing documents say

Villas on Clam Shell is a condominium community in Carolina Beach, NC, with two buildings containing a total of four units. You own your unit and an undivided share of the common elements, which the association maintains and insures. The declaration also reserves development rights for the declarant to add up to six more units.

• What you own & maintain: You own the interior of your unit, including non-load-bearing walls, finishes, and fixtures. The association maintains the exterior, common areas, and limited common elements like decks and stairs serving only your unit. You must keep your unit in good repair and comply with insurance requirements.
• Assessments & fees: Annual assessments are set by the board and can increase up to 5% per year without a vote; higher increases require 3/4 member approval. Initial annual assessments range from $3,042 to $6,084 for different units, with potential increases up to $4,800 or $9,600. Special assessments may be levied for capital improvements. Unpaid assessments accrue 18% annual interest and become a lien on the unit.
• Leasing & rentals: Units may be rented for residential purposes, subject to association rules. The declaration does not specify a minimum lease term or other rental restrictions beyond compliance with rules.
• Use restrictions: Units are for residential and lodging accommodation purposes only. No outside clotheslines are allowed. Furniture, artwork, or other items visible on balconies or common areas require association approval and may be removed at the association's discretion.
• Pets: The declaration does not address pet restrictions. Check the association's rules and regulations for any pet policies.
• Parking & vehicles: Parking is allowed only in designated parking spaces, not on streets or common areas.
• Insurance: The association carries master property and liability insurance (minimum $1,000,000 liability) covering common elements and units (excluding personal property). You are responsible for insuring your own belongings and any improvements within your unit.
• What this document doesn't cover: This excerpt is the declaration of condominium; it does not include the full bylaws, rules and regulations, or exhibits (such as the plat and unit allocation). Specific rules on pets, noise, trash, or architectural changes may be in those documents.

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.