Seaside Townhomes

What Seaside Townhomes's governing documents say

Seaside Townhomes is a townhome community in Bolivia, NC, governed by a homeowners association (HOA). Each owner holds fee simple title to their unit and shares ownership of common areas. The declaration binds all owners, their heirs, successors, and assigns.

• What you own & maintain: You own your townhome unit and the land it sits on. The association maintains common areas, driveways, unit exteriors, and roofs. Owners are responsible for their unit's interior and must maintain insurance on their unit.
• Assessments & fees: Annual assessments fund maintenance of common areas, exteriors, and roofs. Special assessments for capital improvements require approval by three-fourths of unit owners. Assessments are uniform per unit and due January 1, with interest at 10% per annum if unpaid after 30 days.
• Architectural review: No exterior changes or new structures may be made without written approval from the Board of Directors. Plans must be submitted; if the Board does not approve or disapprove within 30 days, approval is deemed given.
• Common walls: Walls on dividing lines between units are common walls. Repair and maintenance costs are shared proportionally by the owners who use the wall. If a common wall is destroyed, any using owner may restore it, and others who later use it must contribute.
• Insurance: The association carries casualty insurance on common improvements and public liability insurance. Each owner must maintain fire, casualty, wind/hail, and (if in a flood zone) flood insurance on their unit, and provide proof to the association.
• Leasing & rentals: Owners may delegate their common area rights to tenants, but remain liable for assessments. No minimum lease term is specified in this document.
• Amendment & termination: The declaration runs for 20 years from the date of recording (January 30, 2020), then auto-renews for successive 10-year periods. Amendments during the first 20 years require unanimous owner consent. Termination requires unanimous owner agreement and consent of all lienholders.

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.