Townes at Summerwalk

What Townes at Summerwalk's governing documents say

Townes at Summerwalk is a townhome community in Wilmington, NC, consisting of 104 attached single-family dwellings. It is a 'Neighborhood' within the larger Summerwalk planned community, so residents are subject to both this Declaration and the Master Declaration for Summerwalk. This document establishes the Townes at Summerwalk Homeowners Association, defines property rights, assessments, and maintenance responsibilities for lot owners.

• What you own & maintain: You own your lot and townhome. The Association maintains the exterior of townhomes (roofs, exterior surfaces, gutters, etc.) and yards within privacy fencing, as well as common areas. The Master Association maintains larger community amenities.
• Assessments & fees: Owners pay Annual Common Area Assessments, Annual Townhome Assessments, and potentially Special Assessments, Insurance Assessments, Ad Valorem Tax Assessments, and a one-time Working Capital Assessment of $350 to the Association. Additionally, owners must pay Master Association assessments as required by the Master Declaration.
• Leasing & rentals: The document does not specify lease term minimums or rental restrictions; however, the Master Declaration may impose additional rules.
• Pets: The document does not address pet restrictions; the Master Declaration or Association rules may apply.
• Architectural review: All lots are subject to the Residential Design Standards for Summerwalk and the Master Declaration's architectural review provisions. Exterior changes require approval.
• Insurance: The Association must maintain casualty and liability insurance covering townhomes and common areas, with minimum liability limits of $1,000,000 per occurrence. Owners may be required to carry individual policies if the Association opts out of master coverage.
• Developer control period: The Declarant (developer) holds Class B membership with three votes per planned lot (104 lots) and controls the Board until 90% of lots are sold or the Declarant voluntarily surrenders control.
• What this document doesn't cover: This document does not specify age restrictions, rental caps, pet limits, parking rules, or detailed use restrictions. Those may be found in the Master Declaration, Association rules, or other governing documents.

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.