Wrightsville Yacht Club

What Wrightsville Yacht Club's governing documents say

Wrightsville Yacht Club is a boat-slip and membership community in Wrightsville Beach, NC, governed by a non-profit corporation. Members own a membership (not real estate) that grants rights to a boat slip, parking, and common areas, with five membership classes (Charter, A, B, C, D). This declaration sets the rules for membership, assessments, use restrictions, and maintenance.

• Membership classes & rights: There are five classes: Charter (95 memberships, freely transferable by CPLP), Class A (87 memberships, each with exclusive use of one boat slip and one parking space), Class B (1 membership, exclusive use of 'Class B Dock Space' on A Dock, no parking), Class C (1 membership, operates fuel and transient dock, no slip or parking), and Class D (6 memberships, common area use only, held by adjacent condominium owners).
• Transfer & leasing of memberships: Charter memberships may be transferred, assigned, pledged, or leased by CPLP without approval. All other classes require prior Board approval. Licensees (renters) must be approved by the Board, but the member-licensor retains voting rights.
• Assessments & fees: Regular assessments are set by the Board and payable no more frequently than monthly. Special assessments over $1,000 per membership per year require majority approval. Violation assessments up to $500 per occurrence. Delinquent assessments bear 18% annual interest and become a lien on the membership. Charter memberships are exempt from assessments.
• Maintenance & repairs: The corporation maintains all common property including bulkheads, docks, piers, pilings, dock boxes, parking lot, and performs maintenance dredging. If a member damages property, the corporation repairs it and assesses the full cost to that member.
• Architectural control: No structures (buildings, fences, signs, dock boxes, etc.) may be built, stored, or altered on common property without prior written Board approval. Each boat slip is allowed only one dock box.
• Use restrictions: The Board may adopt rules for use of all property. No obnoxious or offensive activity is allowed. Quiet enjoyment is required.
• Easements: The property is subject to existing easements for utilities and other purposes. The corporation may grant additional easements for maintenance and use.

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.