Riverlights

What Riverlights's governing documents say

RiverLights is a mixed-use master-planned community in Wilmington, NC, with separate residential and commercial associations. This document is a Declaration of Easements and Covenant to Share Costs that governs how the residential association maintains shared areas (like stormwater systems, landscaping, and marina village amenities) and how costs are split between residential and commercial properties. It does not contain the full rules for homeowners or renters.

• What this document covers: This is a cost-sharing and easement agreement between the residential and commercial associations, not a full set of homeowner rules. It defines shared areas (stormwater BMPs, River Road median landscaping, Marina Village entry, streets, amenities, parking) and how maintenance costs are allocated.
• Shared areas & maintenance responsibility: The residential association maintains and insures the shared areas to the higher of the residential or commercial community standard. Shared areas include stormwater management, median landscaping, Marina Village entry features, streets, amenities (boardwalk, parks, village green), and parking areas.
• Cost allocation for shared areas: Costs are split between residential and commercial properties using specific formulas: Stormwater BMPs by impervious surface area; median landscaping by acreage; Marina Village entry improvements 100% to commercial units; Marina Village amenities, streets, and parking 80% commercial/20% residential; Mixed Use Shared Parking Area 70% to a mixed-use parcel and 30% to certain townhome blocks.
• Easements for commercial units: Commercial units in Marina Village get perpetual easements over Marina Village streets (access), Village Green parking areas (parking), and Marina Village amenities (pedestrian use). A mixed-use parcel gets an easement over the Mixed Use Shared Parking Area.
• Assessment & payment obligations: The commercial association collects assessments from commercial owners and pays the residential association. Late payments incur 18% interest and collection costs. Unpaid assessments can become a lien and be foreclosed.
• Dispute resolution for maintenance: If a commercial owner believes shared areas aren't maintained to the higher standard, they must give written notice. The residential association has 10 business days to respond or cure. Unresolved disputes go to alternative dispute resolution under the residential declaration.
• Duration & amendment: The covenant runs for 30 years, auto-renewing for 10-year periods. During the development period, the developer can amend unilaterally; after that, amendments require consent from both associations or a majority vote of commercial owners.
• What this document doesn't cover: This document does not contain the full residential or commercial declarations, so it omits rules on pets, leasing, parking for residents, architectural review, age restrictions, or specific homeowner obligations. Those are in separate recorded declarations.

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.