Holly Tree

What Holly Tree's governing documents say

Holly Tree is a condominium community in Wilmington, NC — you own your individual unit and an undivided interest in the common areas, which the homeowners' association maintains. This declaration governs Phase I (32 units in four 2-story buildings) and reserves the developer's right to add up to 72 more units in future phases through 1986.

• What you own & maintain: You own the interior of your unit (about 952 sq ft, 2BR/2BA with screened porch) including non-load-bearing walls, interior finishes, windows, exterior doors, and porch screening. You must maintain all interior surfaces, appliances, HVAC, plumbing, and electrical lines within the unit. The association maintains all common areas, structural elements, exterior walls, roofs, utility lines up to the unit entry, and the swimming pool.
• Use restrictions: Units are for single-family residential use only — no time-shares or interval ownership. No immoral, offensive, or unlawful uses; no nuisances or unreasonable noise. All laws and zoning must be observed.
• Architectural review: No structural modifications or exterior alterations (including painting, antennas, window coverings other than white, or any changes to common areas) without prior written consent of the association. Fences, planting, and other landscape changes also require approval.
• Leasing & rentals: Leasing is permitted but must comply with association rules. The declaration does not set a minimum lease term or restrict the number of rentals.
• Pets: The declaration does not address pets; restrictions may be in the bylaws or rules and regulations.
• Parking & vehicles: The association may assign parking spaces and regulate parking on common areas. No further details in this document.
• Insurance: The association carries master property insurance on buildings and common areas (replacement cost, fire and extended coverage) and general liability insurance (minimum $1M per occurrence). Unit owners may obtain their own coverage for personal property and liability.
• Assessments & common expenses: Common expenses are shared among unit owners in proportion to their undivided interest in the common areas. The association may levy regular and special assessments to cover maintenance, repairs, insurance, and operations.

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.