Cottages at Sunset Ridge

What Cottages at Sunset Ridge's governing documents say

The Villas at Sunset Ridge is a townhome community in Bolivia, NC, governed by a sub-association (Townhouse Association) under a master association for the larger Sunset Ridge community. This declaration applies to owners of townhouse lots, who share party walls and are subject to assessments for common area and exterior maintenance.

• What you own & maintain: You own your townhouse lot and interior; the Townhouse Association maintains common areas, roofs, gutters, exterior surfaces, decks, walks, and driveways. Party walls between units are shared, with repair costs split proportionally.
• Assessments & fees: Annual assessments start at a maximum of $2,100 per townhouse (as of 2009), with annual increases capped at 10% without member vote. A working capital assessment of one-fourth the annual assessment is due at closing. Special assessments require member approval after developer control ends.
• Developer control & transition: The developer (Declarant) retains significant control until December 31, 2028, including the right to annex additional property, amend the declaration without owner consent, and hold 9 votes per owned lot. After developer control ends, amendments require 75% owner approval (first 25 years) or 67% thereafter.
• Use restrictions: No subdivision of lots without consent. Stormwater management covenants limit built-up area to 652,964 sq ft for the project; no alteration of drainage without state approval. Swimming and bathing in retention areas are prohibited.
• Insurance: The Townhouse Association carries casualty insurance on the property (replacement cost) and liability insurance. Owners may obtain separate policies for personal property and liability, but must include waivers of subrogation.
• Dispute resolution: Disputes are resolved per the Master Declaration's arbitration provisions (referenced but not detailed in this document).
• What this document doesn't cover: This declaration does not specify pet rules, leasing restrictions, age restrictions, parking rules, or architectural review guidelines. Those may be in the Master Declaration or association rules.

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.