Winds at Carolina Beach V

What Winds at Carolina Beach V's governing documents say

Winds at Carolina Beach V is a 12-unit condominium community in Wilmington, NC. You own your individual unit and a share of the common elements, which the association maintains and insures. The declaration governs unit owner rights and obligations, including assessments, use restrictions, and insurance.

• What you own & maintain: You own the interior finished surfaces of your unit (walls, floors, ceilings) and interior partitions. The association owns and maintains the common elements, including perimeter walls, pipes, wires, stairwells, entranceways, and parking areas. Balconies, decks, or patios are reserved for the exclusive use of the adjacent unit.
• Assessments & liens: The association can levy assessments for common expenses. Unpaid assessments become a lien on your unit, securing the amount due plus interest and attorney's fees. The association may also pay delinquent property taxes and specially assess the owner.
• Occupancy & use: Units may be used only as private dwellings. You cannot do anything that increases insurance rates, obstructs other owners, or creates a nuisance (e.g., unreasonable noise or odors). Pets are allowed as long as they don't constitute a nuisance or interfere with others' quiet enjoyment.
• Leasing & rentals: All occupants, including renters, must comply with the declaration, bylaws, and rules. The association can enforce rules against occupants directly, but this does not limit its remedies against the unit owner.
• Alterations: No material alterations, color changes, balcony enclosures, or substantial additions to common elements are allowed unless authorized by the board and ratified by a majority of unit owners. You cannot block or interfere with common elements.
• Insurance & casualty: The association carries master property and liability insurance, including flood insurance, on the building and common elements. After a casualty, the association must repair and rebuild unless 3/4 of unit owners vote not to reconstruct (triggering termination of the condominium). Unit owners may be specially assessed if insurance proceeds are insufficient.
• Voting & amendments: Voting rights are set in the bylaws. The declaration can be amended by a 67% vote of unit owners plus written approval from first mortgage holders holding at least 51% of the votes of mortgaged units. No amendment can change a unit's share of common elements, expenses, or voting rights without the unit owner's and lienholder's consent.

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.