Hellenic Shores

What Hellenic Shores's governing documents say

Hellenic Shores is a planned community of single-family homes in Wilmington, NC, governed by a homeowners' association (HOA). The rules apply to all lot owners and residents, covering property use, assessments, and architectural standards.

• What you own & maintain: You own your lot and the dwelling on it. The association maintains common properties (e.g., roads, amenities) and may maintain limited common properties like driveways. Owners are responsible for their own lots and improvements.
• Assessments & fees: Annual assessments are set by the board and can increase up to 10% per year without a vote; larger increases need 67% member approval. Special assessments for capital improvements also require 67% approval. A working capital fee equal to two months' assessment is due at closing. Assessments are uniform per lot, but lots without a finished dwelling pay 25%.
• Architectural review: No construction or exterior changes (including fences, landscaping, paint) may begin without written approval from the Declarant or later the Architectural Control Committee. Plans are reviewed for harmony of design. Minimum house size is 1,800 heated square feet. Construction must be completed within 12 months (6 months for additions).
• Use restrictions: Lots are for single-family residential use. The association can regulate antennas and limit guests. Leasing is not specifically restricted in this excerpt, but owners may delegate use of common areas to tenants.
• Insurance: The association must carry property insurance on common areas (at least 80% replacement cost) and liability insurance. Owners are insured under the policy, and the association's policy is primary. Owners may also get their own insurance.
• Enforcement & liens: Unpaid assessments become a lien on the lot after 30 days, with 18% annual interest. The association can sue the owner personally or foreclose. Voting rights and common area use can be suspended for nonpayment or rule violations (up to 60 days).
• Declarant control: The developer (Declarant) controls the board until 90% of lots are sold. During that period, the Declarant appoints board members and can amend the declaration for certain purposes (e.g., correcting errors, conforming to law).

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.