Preservation Point

What Preservation Point's governing documents say

This is the Declaration of Covenants, Conditions and Restrictions for Townhomes at Preservation Point, a townhome community in Wilmington, NC. It creates a homeowners association (Preservation Point Townhome Owners Association, Inc.) that maintains common areas and provides exterior maintenance for each townhome. The rules apply to all lot owners and residents.

• What you own & maintain: You own your lot and townhome unit. The association maintains common areas, roofs, gutters, exterior surfaces, landscaping, and front porches. You are responsible for windows, doors, garage doors, HVAC systems, decks, patios, driveways, and interior items.
• Assessments & fees: Annual base assessment starts at $1,020 ($85/month) per lot. A one-time capital contribution of $500 is due at closing. Assessments can increase up to 20% per year without a vote; larger increases require 2/3 member approval. Special assessments may be levied for capital improvements.
• Leasing & rentals: Leases must be for a term of at least six months. Owners must notify the association of any tenant's name. Tenants may use common areas as delegates of the owner.
• Pets & animals: No specific pet limits are stated in this excerpt, but animals are subject to association rules and restrictions (see Article XI, Section 11.3).
• Architectural review: An Architectural and Appearance Control committee (Article VIII) must approve any exterior changes or improvements before they are made.
• Parking & vehicles: Parking is regulated by the association (Section 11.21). Motor vehicles, boats, and recreation vehicles are subject to restrictions (Section 11.20).
• Use restrictions: No detached or temporary buildings, no clotheslines, no firearms or fireworks, no nuisances, and compliance with all laws is required. Signs, antennas, and solar panels are also regulated.
• What this document doesn't cover: This excerpt does not include the full text of the use restrictions (Article XI) or the rules and regulations (Article XII). It also does not specify pet limits, rental caps, or age restrictions.

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.