Fairfield Park

What Fairfield Park's governing documents say

Fairfield Park is a master-planned community in Wilmington, NC, governed by a master homeowners' association (Fairfield Park Property Owners' Association, Inc.). This document is the master declaration that sets up the overall structure, including multiple sub-associations (called 'Regimes') for different neighborhoods. It applies to all property owners and Regime Associations within the development, covering residential lots, dwellings, commercial sites, and common areas.

• Community structure: The development is divided into 'Regimes' (e.g., Fairfield Park Patio Homes, Fairfield Park 'A Townhome Development'), each with its own Regime Association and declaration. Owners in a Regime are members of both the Regime Association and the master Association.
• Membership & voting: There are three membership classes: Type A (Regime Associations, with one vote per parcel in their Regime), Type B (owners of commercial sites, residential sites, or other parcels not in a Regime, with votes based on annual assessment amount), and Type C (the Declarant/developer, with 10 votes per lot/dwelling owned and 10 votes per $1,000 in assessments on commercial/residential sites). Type C membership ends by January 1, 2030, or earlier under certain conditions.
• Assessments: Annual assessments are levied on all property types: $600 per residential lot, $1,200 per dwelling, $60 per heated square foot for commercial units, and $100 per acre for residential or commercial sites. The maximum annual assessment can increase up to 10% per year by Board vote, or above 10% with a two-thirds vote of each membership class. Special assessments require two-thirds approval of each membership class.
• Common properties: Common properties include private roads, rights-of-way, and areas designated on plats. The Declarant must convey these to the Association by January 1, 2030. Owners and Regime members have an easement to use common properties, subject to Association rules and fees.
• Architectural review: An Architectural Control Committee appointed by the Board approves exterior and structural improvements, landscaping, additions, and changes within the development.
• Leasing & rentals: The document defines 'Lease' broadly to include any rental contract, but does not set minimum lease terms or other rental restrictions for individual owners. Leasing rules may be in Regime declarations.
• What this document doesn't cover: This master declaration does not include specific rules about pets, parking, noise, or age restrictions. Those may be found in individual Regime declarations or Association rules.

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.