Ocean Pearl Townhomes Owners Association, Inc.

What Ocean Pearl Townhomes Owners Association, Inc.'s governing documents say

Ocean Pearl Townhomes is a planned community of townhomes in Wilmington, NC — you own your lot and townhome, and share ownership of common areas with other owners. The association maintains the exterior of the townhomes (except certain items like windows, doors, decks, roofs, and siding, which you maintain) and the common elements. This document is the full declaration of covenants, conditions, and restrictions that applies to all owners, residents, and guests.

• What you own & maintain: You own your lot and townhome. The association maintains the common elements and the exterior of townhomes (e.g., siding, roofs, gutters, soffits), but you are responsible for maintaining windows, doors, decks, driveways, garage doors, HVAC, exterior lights, propane tanks, and any owner-added improvements.
• Leasing & rentals: Townhomes may be rented only in their entirety (no partial rentals). Leases must be for at least two consecutive nights. The owner is responsible for ensuring tenants comply with the rules, and fines for tenant violations may be assessed against the owner if unpaid by the tenant.
• Pets: Only household pets are allowed; no commercial breeding. Pets must be leashed when outside the lot, and owners must immediately clean up droppings. The board may regulate the kind and number of pets.
• Parking & vehicles: No boats, trailers, campers, RVs, or similar items may be stored on common or limited common elements unless designated. All vehicles must be operational and have current registration/inspection. The board may limit the number of passenger vehicles per owner and designate parking areas.
• Architectural review: No exterior changes, additions, or construction (including fences, walls, or color changes) may be made without prior written approval from the board. Plans and specifications must be submitted for approval.
• Signs & flags: No signs, advertisements, or notices may be displayed without board permission, except 'for sale' or 'for rent' signs. Up to two flags (U.S., North Carolina, military, or sports teams) no larger than 4x6 feet may be displayed on the townhome or lot.
• Assessments & fees: Each lot pays a share of common expenses (initially 50% per townhome). Assessments are due as set by the board; late payments incur 18% annual interest and late fees. Unpaid assessments become a lien on the lot. A $500 initial capitalization fee is due from each buyer at closing.
• Enforcement & fines: The board may impose fines up to $100 per violation (per day for continuing violations) after notice and a hearing. The board may also enter a lot to abate violations and charge the owner for costs.

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.