Wrightsville Place Townhouses

What Wrightsville Place Townhouses's governing documents say

Wrightsville Place Townhouses is a townhome community in Wilmington, NC, governed by a homeowners association (HOA). You own your lot and townhouse unit, and share ownership of common areas. The HOA maintains common areas, carries insurance, and levies assessments on all lots.

• What you own & maintain: You own your lot (numbered 101–112) and the townhouse structure on it. The HOA owns and maintains the common areas (e.g., streets, sidewalks, recreational facilities). You are responsible for your unit's interior and exterior, except as noted in the declaration.
• Assessments & fees: Annual assessments start at a maximum of $1,000 per lot (1989), can increase up to 5% per year without a vote, and up to $1,100 initially. Special assessments for capital improvements require a 2/3 vote of members. A working capital assessment equal to two months' estimated assessment is due at closing. Assessments are a lien on the lot and personal obligation of the owner.
• Architectural review: No exterior changes (buildings, fences, walls, additions) may be made without written approval from the HOA Board or an architectural committee. Plans must be submitted; if not approved or disapproved within 30 days, approval is deemed given.
• Insurance: The HOA must maintain casualty and liability insurance on the common areas and property (excluding personal property inside units), with at least $1,000,000 liability coverage. Premiums are a common expense. Individual unit owners may be required to carry their own policies if the HOA votes to switch.
• Leasing & rentals: Owners may rent their units, but leases must comply with the declaration and HOA rules. The HOA may recommend rental agents but cannot control rental terms or require pooling. No minimum lease term is stated in this excerpt.
• Party walls: Party walls (walls shared between townhouses) are governed by general rules of law; the declaration does not specify further details.
• What this document doesn't cover: This excerpt does not include rules on pets, parking, age restrictions, or specific use restrictions beyond architectural control. It also lacks details on HOA board structure, meeting procedures, and enforcement mechanisms.

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.