Twinmagnolias
Homeowners association — you own your lot and home; the association maintains common areas and enforces covenants.
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What Twinmagnolias's governing documents say
Twin Magnolias is a 22-unit condominium community in Carrboro, NC, governed by the North Carolina Condominium Act. It's a standard condo: you own your unit and share ownership of common areas, with the association handling maintenance and insurance. Two units (18 and 22) are designated as affordable housing, with resale and rent limits that must remain in effect for 100 years.
- What you own & maintain: You own the interior of your unit, including fixtures and appliances; the association maintains common elements like roofs, exteriors, and shared grounds. You're responsible for repairs inside your unit that could affect others, and for maintaining any limited common elements (like porches or steps) assigned to you.
- Affordability: Units 18 and 22 are affordable housing units: they must be sold at a price no more than 2.5 times 80% of the area median income for a family of four, or rented at no more than 12% of the monthly median income. This restriction lasts at least 100 years.
- Assessments & fees: All owners pay annual and special assessments based on their unit's percentage interest in common elements. The board can raise annual assessments up to 12% per year without a vote; larger increases need owner approval. Unpaid assessments accrue interest and can become a lien on your unit.
- Architectural review: You need written association approval before making any structural changes, exterior alterations (including painting, antennas, or window coverings that aren't white/off-white), or changes to common areas like fences or landscaping. The association can require you to cover maintenance and insurance costs for approved changes.
- Rentals & leasing: The declaration doesn't set a minimum lease term, but long-term leases (50+ years) are treated as ownership for voting purposes. Tenants can use common elements, but owners remain responsible for assessments and rule compliance.
- Party walls & disputes: Walls between units are party walls; repair costs are shared proportionally, but if you cause damage, you pay the full cost. Disputes go to binding arbitration in Orange County.
- What this document doesn't cover: This excerpt doesn't include pet rules, parking assignments, or specific lease restrictions. It also doesn't list the actual assessment amounts or the unit-by-unit percentage interests (those are in exhibits not shown here).
Key facts from Twinmagnolias's documents
- Community type
- Condominium
- Legal name
- Twin Magnolias Condominium Owners Association, Inc. (Section 1.2)
- Developer / declarant
- Twin Magnolias Holdings, LLC, a North Carolina limited liability company (Preamble; Section 1.11)
- Governing law
- N.C.G.S. Chapter 47C (North Carolina Condominium Act) (Preamble; Section 2.1)
- Special assessments
- For capital improvements: requires assent of Owners of majority of Units; for Common Element construction/reconstruction/repair: requires assent of Owners owning 2/3 of Common Elements voting at meeting (Section 4.3)
- Collections & liens
- Unpaid assessment for 30+ days constitutes lien on Unit when recorded; may be foreclosed like deeds of trust; lien subordinate to first mortgage and ad valorem taxes; foreclosure extinguishes prior assessments (Section 4.1; Section 4.2)
- Reserves & fees
- Capital Improvement Fund established; amounts allocated by Board; maintained in separate account; used only for capital improvements to Common Elements; interest may be used for operations at Board discretion (Section 4.4)
- Pets
- Dogs, cats, or other household pets may be kept within a Unit if not for commercial purposes; no animals on Common Elements unless leashed and owner has cleanup tools (Section 8.15(b))
- Leasing & rentals
- Leases must be in writing for at least 30 days; lease must be subject to Condominium Documents; tenant non-compliance is lease default (Section 8.8)
- Parking & vehicles
- Parking only in areas designated by Executive Board; violations subject to per diem charge, lien if unpaid for 30 days (Section 8.12)
- Fences
- Association regulates fence between Condominium and Thrift Shop, and fence between rear yard of Strayhorn House and Land (Section 3.2(e))
- Architectural approval
- No building, fence, wall, or other structure commenced without written approval of majority of Board; applies to exterior changes, signs, lettering (Article VII)
- Signs & flags
- No exterior signs without approval (Declarant during control period, Board majority thereafter); 'for sale' signage excepted; no interior signs visible from outside unless permitted (Section 8.5; Section 8.11)
- Insurance
- Property insurance covering Buildings and improvements on Land, excluding Units and personal property; 100% replacement cost; deductible not exceeding $10,000 (Section 10.1)
- Use restrictions
- Units limited to residential purposes; no transient hotel or commercial purposes (Section 8.1; Section 8.2; Section 8.14)
- Voting & meetings
- One vote per Unit owned; joint owners collectively have one vote per Unit (Section 2.5)
- Amendments
- Declarant may amend unilaterally for compliance with Chapter 47C or Carrboro ordinances (survives control period); other amendments presumably per Condominium Act (Section 2.7)
About this HOA
Twinmagnolias is a homeowners association in Carrboro, NC.
HOAproxy has 1 document on file for Twinmagnolias: 1 recorded document. Last updated 2026-06-25.
Governing documents
- Twinmagnolias 0 (35 pages) — PDF