Sabal Palm Homeowners' Association

What Sabal Palm Homeowners' Association's governing documents say

This is an amendment to the Declaration of Covenants, Conditions and Restrictions for Sabal Palm Cottages, a homeowners' association (HOA) on Bald Head Island, NC. It modifies insurance requirements and landscape maintenance rules for owners of dwellings in the community.

• Insurance requirements: Each owner must maintain full replacement cost hazard insurance (fire, wind, etc.) and, if required by lenders, flood insurance at full replacement cost. Deductibles cannot exceed $2,500. Policies must include a waiver of subrogation unless the association approves otherwise. Owners must provide proof of insurance to the association.
• Limited common area insurance: Owners are responsible for insuring improvements on limited common areas reserved for their exclusive use, such as garages. This insurance can be part of the owner's primary hazard policy.
• Landscape maintenance credit: If the board authorizes an owner to maintain the limited common area landscaping around their dwelling, the actual direct savings to the association from reduced landscape contract costs may be deducted from that owner's assessment.
• What this document doesn't cover: This amendment does not address other typical HOA rules such as leasing restrictions, pet limits, parking, architectural review, or age restrictions. It only modifies insurance and landscape maintenance provisions.

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.