Windswept I Villas

What Windswept I Villas's governing documents say

Windswept I Villas is a two-unit condominium (villa) community in Wrightsville Beach, NC. Each owner owns their unit and an undivided one-half interest in the common elements. The association manages common areas, collects assessments, and enforces rules.

• What you own & maintain: You own your villa unit (interior surfaces of perimeter walls, two-story ceiling, and land beneath). You are responsible for all maintenance and repairs inside your unit, including structural items. The association maintains and repairs all common elements (roofs, foundations, land, parking, etc.) as a common expense.
• Leasing & rentals: You may rent your entire villa, but no single rooms may be rented. Leases must be for the entire unit. No minimum lease term is stated in this document.
• Use restrictions: Villas are for residential use only, occupied by a family. No use that is a source of annoyance or interferes with peaceful possession is allowed. No fire hazards, rubbish accumulation, or activities that increase insurance rates.
• Assessments & fees: The board sets annual common charges based on a budget. Each owner pays one-half of common expenses. Unpaid assessments accrue interest at the legal rate and may become a lien on the unit, enforceable by foreclosure.
• Alterations & improvements: No structural addition, alteration, or improvement may be made without prior written consent of the Board of Managers. The board must respond within 30 days; failure to respond constitutes consent.
• Insurance: The association must maintain property insurance at 100% replacement cost and public liability insurance. Each owner may insure personal property separately, but cannot reduce the association's coverage.
• Right of first refusal: If an owner offers to sell their villa, they must first give the other owner a right of first refusal to purchase at the same price and terms. That right expires 30 days after the offer.
• What this document doesn't cover: This document does not specify pet rules, parking restrictions, age restrictions, or any minimum lease term. It also does not include the full text of the association's rules and regulations, which may be adopted separately.

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.