Wrightsville Winds Townhouses

What Wrightsville Winds Townhouses's governing documents say

Wrightsville Winds Townhouses is a condominium community in Wilmington, NC — you own your individual townhouse unit and share ownership of the common elements (like yards, parking, and building structure) with other unit owners. The association manages the common areas, carries master insurance, and assesses fees to cover shared expenses.

• What you own & maintain: You own the interior of your unit, including non-load-bearing walls, fixtures, and equipment inside. You must maintain everything inside your unit (plumbing, HVAC, flooring, etc.) and keep it in good repair. The association maintains the common elements (foundations, exterior walls, roof, stairways, yard areas, parking, and utility infrastructure).
• Leasing & rentals: Units may be rented for residential/lodging purposes, but leases must comply with association rules. There is no minimum lease term stated in this document, but the board may recommend rental agents and require standard procedures. Rental pooling is not allowed, and owners retain the right to rent directly.
• Assessments & fees: Each unit pays a monthly assessment based on its allocated interest (percentage of common expenses). At closing, a working capital reserve equal to two months' estimated assessment is required. Late payments bear interest at the maximum legal rate and create a lien on the unit.
• Insurance: The association carries master property and liability insurance (minimum $1,000,000 liability) covering the common elements and units (excluding personal property). Premiums are a common expense. Proceeds are held in trust for repair or distribution. Unit owners should maintain their own contents insurance.
• Use restrictions: Units must be used for residential and lodging accommodation purposes only. No commercial use is allowed except that the declarant may use units for sales/rental offices until all units are sold. Owners must not interfere with others' use of common elements.
• Pets: This document does not address pet restrictions. Check the association's rules and regulations for any pet limits or policies.
• What this document doesn't cover: This is the Declaration of Condominium, which establishes the legal framework for the condominium. It does not include specific rules about pets, parking, noise, architectural changes, or rental caps — those may be in the By-Laws or separate rules and regulations.

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.