Oak Island Subd

Key facts from Oak Island Subd's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

subdivision (Section (c) 'Subdivision and/or Developm)

Legal name

Oak Island Property Owners Association

Developer / declarant

Audubon Point Venture, LLC (Preamble: 'Audubon Point Venture, LLC, i)

Assessments & dues

$120 per year ($30 per quarter) (Section 25: 'quarterly charge ... fixed )

Special assessments

special assessments may be levied by the Association as it sees fit (Section 25: 'special assessments may be )

Collections & liens

continuing lien upon the lot; personal obligation does not pass to successors unless expressly assumed; sale or transfer under mortgage extinguishes prior assessment liens (Section 24 and Section 25 (subordination)

Reserves & fees

interest at the legal rate, costs, and reasonable attorney's fees (Section 24: 'together with interest at t)

Pets

domestic pets allowed; must be kept within dwelling or screened from public view (Section 11: 'maintain the domestic pets )

Fences

not extend into front yard closer than front of residence; constructed of brick, wood, or other material in keeping with residence; no chain-link or wire; maintained by owner; may encroach on utility easement at owner's risk (Section 13: 'No fence shall ... extend i)

Architectural approval

complete, final building plans and specifications including plot plan must be submitted and approved in writing before any structure is erected or altered (Section 6: 'complete, final building pla)

Signs & flags

only one sign of not more than six square feet surface area, no artificial illumination, advertising property for sale or rent; plus builder/developer signs during initial construction and sales periods (Section 14: 'No sign of any kind ... exc)

Setbacks / home size

front 25 ft, side street 25 ft, interior side 8 ft, rear 20 ft; eaves may extend over setback but not lot lines (Section 3: 'not nearer than twenty-five )

Use restrictions

known, described and used as residential lots for single family residences (Section 2: 'subdivision shall be known, )

Voting & meetings

one vote per lot owned (Section on Architectural Committee elect)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.