Larson Place Townhomes

What Larson Place Townhomes's governing documents say

Larson Place Townhomes is a 18-lot townhome community in Wilmington, NC, where you own your lot and share common areas with the HOA. The HOA maintains the exterior of each dwelling and the common areas, including a stormwater pond. This document is the full declaration of covenants, conditions, and restrictions that run with the land.

• What you own & maintain: You own your lot and dwelling. The HOA maintains the exterior of each dwelling (paint, roof, gutters, siding) and all common areas, including the street, pond, and entrance signage. You are responsible for maintaining your limited common area (LCA) — the yard and parking area assigned to your lot — including mowing and keeping it clean.
• Leasing & rentals: You may lease your lot, but you must provide the tenant with a copy of this declaration and require them to abide by it as a condition of the lease.
• Pets: Only house pets are allowed; no farm animals or poultry. Pets must comply with city leash laws and cannot run freely through the neighborhood.
• Parking & vehicles: No parking on the cul-de-sac street except for emergencies. Parking is allowed in garages and designated parking slips in the common area. Inoperable vehicles, junk vehicles, unregistered/uninsured vehicles, and tractor-trailers are prohibited on any lot.
• Architectural & property standards: Only one residential dwelling per lot, attached by party walls (duplex style). Exteriors must be wood frame with vinyl, solid wood, or clay-brick siding; no concrete block, asbestos, stucco, or masonite. No chain-link fences; treated wood fences are allowed. No temporary structures, permanent clotheslines, or exposed fuel tanks. Garbage cans must be kept out of street view except on collection days.
• Assessments & fees: All lots are assessed equally. Annual assessments are set by the board and can increase up to 10% per year without member vote; larger increases require 2/3 approval. Special assessments may be levied for pond/stormwater repairs. A one-time working capital fee of $100 is due from the first purchaser at closing. Unpaid assessments bear 18% interest plus late fees and attorney's costs, and the HOA may file a lien and foreclose.
• Stormwater & drainage: The HOA must maintain the stormwater pond and drainage system per state permit. Owners must ensure runoff from their lot drains into the system. Drainage alterations require state approval, and stormwater covenants cannot be changed without state concurrence.
• Duration & amendments: The covenants run for 30 years from recording (2003), then auto-renew for 10-year periods. Amendments require 67% of lot owners' approval, except stormwater provisions which need state concurrence. The declarant may amend unilaterally for certain purposes (e.g., correcting errors, complying with laws).

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.