Waterfronte Villas and Yacht Club

What Waterfronte Villas and Yacht Club's governing documents say

Waterfronte Villas and Yacht Club is a single-family townhouse community in Wilmington, NC, with a marina, pool, and clubhouse. It is governed by a homeowners' association (Waterfronte Villas Owners' Association, Inc.) that maintains common areas and enforces rules. The community includes boat slips that may be owned separately from lots.

• What you own & maintain: You own your townhouse lot and the structure. The association maintains all common areas (roads, pool, clubhouse, marina) and exterior portions of townhouses (anything exposed to the elements). You must carry casualty insurance on your townhouse, naming the association as additional insured, and use the association-selected agent/company.
• Boat slips & membership classes: There are four membership classes: Charter (declarant), Class A (appurtenant to a lot with a specific boat slip), Class B (independent boat slip ownership without a lot), and Class C (appurtenant to a lot with no boat slip). Class A and B members have exclusive use of a designated slip. Class C members have common area rights only.
• Assessments & fees: All members (except Charter) pay regular and special assessments for common area maintenance, marina upkeep, insurance, reserves (10% contingency), and enforcement. Assessments are a lien on the membership and lot. Delinquent assessments may result in suspension of rights.
• Leasing & rentals: The document does not specify minimum lease terms or restrictions on renting lots or boat slips. Members may delegate common area use to tenants, but transfers of membership (including leases) require board approval for non-Charter classes.
• Common area use & rules: Members have a non-exclusive easement to use common areas. The association may limit guests, suspend rights for rule violations (up to 60 days), and dedicate common areas with a 2/3 vote. The marina is a 'closed, non-live-aboard' facility.
• What this document doesn't cover: This excerpt does not include pet restrictions, architectural review, parking rules, age restrictions, or specific rental caps. It is a declaration of covenants, conditions, and restrictions (CC&Rs) and may be supplemented by bylaws and 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.