Riverside

What Riverside's governing documents say

Riverside is a planned community in Wilmington, NC, governed by a homeowners' association (HOA). This declaration applies to all lots and common areas, binding owners, tenants, and guests. The community is still under developer control, with the Declarant (D.R. Horton) retaining special voting and amendment rights until all lots are sold or a specified date.

• What you own & maintain: You own your lot and dwelling; the association maintains common areas (e.g., open space, stormwater facilities, entry features). Owners are responsible for all maintenance on their lot, including exterior repairs and landscaping, subject to architectural guidelines.
• Architectural review: No exterior changes (fences, landscaping, paint, structures) may be made without prior approval from the Declarant or Architectural Review Committee. Interior changes visible from outside also require approval. Repainting to the original color scheme or rebuilding to approved plans does not need approval.
• Leasing & rentals: Leases must be for at least six months. The association may regulate leasing but cannot prohibit it. Tenants must receive and comply with the governing documents. Owners must provide the association with a copy of any lease.
• Occupancy & use: Lots are for single-family residential use only. Occupants of a single lot must be a single family (related by blood, marriage, adoption, or guardianship) or no more than three unrelated persons living as a single housekeeping unit. Home businesses ancillary to residential use are allowed subject to rules.
• Parking & vehicles: Only licensed passenger vehicles, station wagons, pickup trucks, or passenger vans may be regularly parked in driveways. No regular parking on roadways. Recreational vehicles must be screened from view. Boats up to 25 feet are allowed with ARC approval, limited to one stored outside per lot.
• Pets & animals: The document does not explicitly address pets; however, the association may adopt rules and regulations regarding pets. No specific pet limits or restrictions are stated in this declaration.
• Assessments & fees: All lot owners pay annual assessments to fund common expenses. The initial maximum annual assessment is $396 per Class A lot (owner-occupied), with Class B lots (developer-owned) assessed at one-quarter of that rate. Assessments may increase up to 10% per year without a vote; larger increases require two-thirds approval of Class A members. Special assessments may also be levied.
• What this document doesn't cover: This declaration does not specify pet limits, age restrictions, or detailed amenity rules (e.g., pool hours). Those may be addressed in separate rules and regulations or supplemental declarations.

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.