Teal Trace

What Teal Trace's governing documents say

Teal Trace is a standard single-family home subdivision in Wilmington, NC, governed by a homeowners' association (HOA). The rules apply to all lot owners and their tenants, and are designed to maintain property values and neighborhood appearance.

• What you own & maintain: You own your lot and the house on it. The HOA maintains common areas, including landscaping easements along Holly Tree Road, private streets (Blue Wing Court and Green Tip Cove), and the drainage system. You must maintain your own lot free of weeds and debris.
• Architectural review: Any exterior changes (including painting, fences, additions) require prior written approval from the Declarant or later the Architectural Control Committee. Plans are deemed approved if not acted on within 30 days. Minimum house size is 2,000 heated square feet.
• Use restrictions: Lots are for single-family residential use only. No business, no temporary structures as residences, no recreational vehicles (boats, campers, etc.) on lots or streets without approval. No satellite dishes or outside antennas without permission.
• Pets: Dogs, cats, and other household pets are allowed but not for commercial purposes. They must be leashed or controlled and not become a nuisance.
• Parking & vehicles: Off-street parking for at least 4 cars must be provided per lot. No inoperable or unregistered vehicles, no tractor-trailers. Vehicle repairs only in garages, not visible from the street.
• Leasing & rentals: The document does not restrict leasing; tenants must comply with all covenants.
• Assessments & fees: Annual assessments are set by the Board and can increase up to 5% per year without a vote, or up to $900 per lot initially. Special assessments for capital improvements require a 2/3 vote. A working capital assessment equal to two months' estimated annual assessment is due at closing.
• What this document doesn't cover: This is the full declaration of covenants, conditions, and restrictions. It does not include the HOA bylaws, which govern board elections and meetings, nor does it specify current assessment amounts or insurance details.

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.