River Place

What River Place's governing documents say

River Place is a condominium community in Wilmington, NC — you own your individual unit and share ownership of the building's common elements, which the association maintains and insures. The declaration also covers a separate single-family subdivision in Brazos County, TX, but the primary document here is the condominium declaration for the Wilmington property.

• What you own & maintain: You own the interior of your unit (walls, floors, ceilings to the unfinished surfaces). The association maintains and repairs common elements, including balconies, exterior windows and doors, and structural components. You are responsible for interior maintenance and for damage you cause to other units or common elements.
• Leasing & rentals: Leases must be for six months or longer. No more than 30% of units may be leased at any time. You must notify the association in writing if you lease your unit.
• Pets: A maximum of two domestic pets per unit is allowed. Non-domestic pets are prohibited. Pets causing a nuisance or disturbance must be removed within 10 days of written notice. Pets must be leashed outside the unit, and owners must clean up pet waste.
• Use restrictions: Units are for residential, noncommercial use only. Working from home is allowed if the unit remains primarily residential. No day care, group homes, or time-share programs. No smoking in interior common elements. No hazardous materials. No unusual odors or noise.
• Parking: Parking is in a separate garage under a license agreement with the City of Wilmington. Each unit owner must enter into a parking sublicense: one space for one-bedroom units, two spaces for two- or three-bedroom units. Initial fee is $100 per month per space, subject to change.
• Architectural review: Any alterations that affect common elements or structural integrity require prior written approval from the association. Removing partitions between adjoining units is allowed but requires notification, permits, insurance, and indemnification.
• Assessments & fees: The association levies periodic assessments for common expenses, payable monthly. Special assessments may be imposed for capital improvements or extraordinary expenses. Late payments incur a charge of the greater of $20 or 10% of the amount due.
• What this document doesn't cover: This excerpt is primarily the condominium declaration for the Wilmington property. It does not include the full rules for the separate Texas subdivision (only a fragment appears). Amenities, specific assessment amounts, and detailed pet policies beyond the two-pet limit are not fully detailed here.

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.