Avenue One

What Avenue One's governing documents say

Avenue One is a planned community in Wilmington, NC, with single-family homes and townhomes, governed by a homeowners association (HOA). This declaration establishes the HOA, defines property rights, and sets rules for assessments, common area maintenance, and voting. It applies to all lot owners in the subdivision.

• What you own & maintain: You own your lot and dwelling (single-family or townhome). The association maintains common areas, including private streets, sidewalks, stormwater facilities, and amenities. For townhome lots, the association also maintains the exterior of the dwelling as a limited common expense.
• Assessments & fees: Annual assessments are set by the board based on an approved budget. Rates vary by lot class: Class A single-family lots pay a base rate; Class A townhome lots pay the base rate plus an additional fee for exterior maintenance. Class B lots (developer-owned) are assessed at zero unless occupied. Class C townhome lots are assessed at the single-family rate until converted to Class A.
• Voting & membership: Each lot owner is a member of the association. Class A members (homeowners) get one vote per lot. The developer (Class B) gets 10 votes per lot it owns, or one more than total Class A and C votes, whichever is greater, until the declarant control period ends (by 2046 or when all lots are sold). The original developer partner (Class C) gets one vote per lot it owns.
• Use of common areas: All owners have an easement to use common areas, subject to association rules. The association can suspend use rights for unpaid assessments (after 30 days) or rule violations (up to 60 days). Common areas cannot be sold or encumbered without 80% member approval, except for utility easements or dedication to a public entity.
• Leasing & rentals: The document does not specify lease term minimums or rental restrictions. Owners may delegate common area use to tenants who occupy the unit as their principal residence.
• Pets: The document does not address pet restrictions.
• What this document doesn't cover: This is the declaration of covenants, conditions, and restrictions for the community. It does not include detailed architectural guidelines, specific pet rules, or rental restrictions. Those may be found in separate association rules and regulations or bylaws.

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.