1015 Cban Unit Owners Association, Inc.

What 1015 Cban Unit Owners Association, Inc.'s governing documents say

1015 CBAN Townhomes is a small townhome community in Wilmington, NC, governed by a homeowners association (the 1015 CBAN Unit Owners Association, Inc.). This declaration and bylaws set the rules for the two townhome units, covering ownership, maintenance responsibilities, use restrictions, and association governance. It applies to all current and future owners, residents, and guests.

• What you own & maintain: You own your individual townhome unit and an undivided interest in the common elements (landscaping, roads, drainage). The association maintains front and side yard landscaping, irrigation, and exterior items like the roof, but you are responsible for interior maintenance, doors, windows, and any damage you cause. Unit 1 must reimburse Unit 2 $75 annually for irrigation electricity.
• Use restrictions: Units are for residential or residential rental purposes only. No commercial business, no single-room rentals, and no subdivision of units. You must keep your lot clean and not create nuisances or fire hazards. No boats, non-operational vehicles, or long-term outdoor storage that detracts from curb appeal.
• Leasing & rentals: Leasing is allowed, but you must pay all unpaid assessments before leasing. No minimum lease term is stated in this document. The association can adopt additional rental rules.
• Pets: Animals must be under owner control at all times when outside. Owners must clean up pet waste. No limit on number of pets is stated in this document.
• Architectural review: No structural additions, alterations, or improvements (including color, roofing, landscaping) without prior written consent from the Architectural Control Committee. The committee must respond within 30 days; failure to respond constitutes approval.
• Parking & vehicles: No parking that impedes access to another owner's lot. Obey posted parking and traffic regulations. Boats, golf carts, and similar items must be operational when stored.
• Assessments & fees: The board sets annual common charges to cover maintenance, insurance, reserves, and operating expenses. Assessments are due as directed; unpaid amounts accrue interest and can become a lien. The developer is exempt from assessments on unsold lots.
• Insurance: Each unit owner must maintain fire/hazard, wind/hail, and flood insurance (if required) for their unit and provide proof to the association. The association may insure common areas at replacement cost.

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.