Lockwood Folly Property Owners Association, Inc.

What Lockwood Folly Property Owners Association, Inc.'s governing documents say

Lockwood Folly is a master-planned residential community in Holden Beach, NC, governed by a Master Declaration that applies to all lots, dwellings, and recreational amenities within the development. This document establishes the Lockwood Folly Property Owners Association, Inc., defines common areas, sets assessment rules, and imposes architectural and use restrictions on all property owners. It is a comprehensive rulebook for the entire community, not a partial or ancillary document.

• Community type & governance: This is a master-planned community with a Property Owners Association (POA) that oversees common areas and enforces the Master Declaration. The developer (Declarant) retains significant control until turnover, after which the Board of Directors elected by members governs.
• What you own & maintain: You own your lot or dwelling unit and are responsible for its maintenance, including exterior surfaces, landscaping, and any improvements. The Association maintains the common areas (e.g., roads, walkways, open spaces) and may also maintain landscaping in multi-family areas if specified in a Supplemental Declaration.
• Assessments & fees: Annual assessments start at $150 per dwelling unit (1988) and can increase annually by the greater of 10% or the CPI. Lot owners pay 75% of the dwelling assessment until construction is complete. Special assessments may be levied for capital improvements. Assessments are a personal obligation and a lien on the property; late fees of 20% compounded annually apply after 10 days delinquency.
• Architectural review: All exterior improvements, including landscaping, require prior written approval from the Architectural Standards Committee (ASC). Plans must be submitted, and approval or disapproval is given within 30 days. The ASC can require bonds or escrow for completion. No structure may be occupied without a certificate of occupancy from the ASC.
• Use restrictions: Properties are for residential use only unless otherwise designated. Commercial uses are confined to areas established for that purpose. No noxious, offensive, or illegal activities are allowed. Outside burning is prohibited except with a county permit and Association/Declarant approval.
• Pets: Only usual household pets are allowed. Dogs or other large pets must be kept on a leash when outside and not allowed to run loose. Owners are responsible for their pets' behavior, especially near the golf course.
• Vehicles & parking: Motorcycles and motorbikes may only be used to access a lot or dwelling. Dirt bikes, go-carts, and similar vehicles are prohibited entirely. All motor vehicles must have quiet mufflers, and operators must hold a valid driver's license.
• Signs & antennas: No signs or advertising posters are allowed except for a temporary construction sign (contractor/architect name) and a permanent name identification sign, both subject to ASC approval. Television or radio antennas are prohibited unless entirely indoors, except by ASC permission if cable is unavailable.

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.