Oak Landing

What Oak Landing's governing documents say

Oak Landing is a townhome community in Wilmington, NC, with 15 attached single-family homes sharing party walls and a common roof. This document is the Declaration of Covenants, Conditions, and Restrictions (CC&Rs) that binds all owners, residents, and guests. It establishes a homeowners association (HOA) that maintains common areas, exteriors, and roofs, and sets rules for use and assessments.

• What you own & maintain: You own your lot and townhouse individually. The HOA maintains the common elements (roads, parking, drainage, utilities), the asphalt shingle roofs, and all exterior surfaces of the townhouses. If damage is caused by an owner's negligence, that owner pays the repair cost.
• Party walls: Walls between townhouses are party walls. Repair and maintenance costs are shared by the owners who use the wall, in proportion to use. If a wall is destroyed by fire, any owner may restore it and seek contribution from others. Negligent exposure to the elements is the responsible owner's sole cost.
• Assessments & fees: The HOA prepares an annual budget and assesses each owner 1/15th of the total cost. Unpaid assessments become a lien on the property and can be foreclosed. The lien is subordinate to first mortgages. The HOA can also charge interest and attorney fees for collection.
• Insurance: The HOA carries fire insurance (with extended coverage) on all townhouses and common improvements, plus public liability insurance. Owners may carry their own insurance but must include waivers of subrogation and not affect the HOA's coverage.
• Leasing & rentals: The document does not specify a minimum lease term or restrict rentals beyond requiring compliance with all rules. Owners may delegate their common element use rights to tenants.
• Pets: The document does not mention any pet restrictions. The HOA may adopt rules governing pets in the future.
• Architectural review: The document does not establish an architectural review committee. However, the HOA has the power to adopt rules and regulations that could cover exterior changes.
• What this document doesn't cover: This document does not specify any age restrictions, income limits, parking rules, or detailed pet policies. It also does not include a full set of HOA rules and regulations, which may be adopted separately by the Board.

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.