304 Alabama Avenue Townhomes

Key facts from 304 Alabama Avenue Townhomes's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

304 Alabama Avenue Townhomes

Developer / declarant

BRC Kure Beach, LLC

Governing law

North Carolina Planned Unit Development Act, Chapter 47F of the North Carolina General Statutes (Art. 1, Sec. A)

Assessments & dues

Each Common Expense automatically becomes a Special Assessment payable equally by both Units (unless expense is responsibility of only one Unit, then it is assessed only to that Unit) (Art. 9, Sec. 9.02)

Special assessments

Every Common Expense automatically becomes a Special Assessment; also Special Assessments for one Unit's exclusive expenses (Art. 9, Sec. 9.02)

Reserves & fees

4% of amount due per delinquency (Art. 9, Sec. 9.04(a))

Leasing & rentals

Residential rental purposes are permitted; any lease must contain a clause stating tenancy is subject to the Declaration (Art. 4, Sec. A)

Maintenance

Each Owner responsible for one-half of replacement cost; process for deciding roof replacement with independent contractors and arbitration if needed (Art. 6, Sec. 6.02)

Insurance

Each Unit Owner must maintain fire, flood, liability, wind and hail, and extended property damage insurance on their Unit, Limited Common Element, and personal property (Art. 8, Sec. 8.01)

Use restrictions

Each Unit shall be occupied only for residential purposes, including residential rental purposes (Art. 4, Sec. A)

Voting & meetings

Each Unit has one vote; one class of voting membership; if multiple owners, vote exercised by agreement of majority in interest or by written designation (Art. 13, Sec. 13.05, 13.06)

Amendments

Unanimous consent of all Owners by signed instrument, recorded in New Hanover County. During Declarant's ownership, no amendment affecting Declarant's rights without Declarant's written consent. Declarant retains absolute right to amend unt (Art. 14, Sec. 14.03, 14.04)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.