Rosewood Shores

What Rosewood Shores's governing documents say

Rosewood Shores is a new single-family home community in Brunswick County, NC, governed by a homeowners' association (HOA). This document is the master declaration that sets up the HOA, defines property rights, and establishes rules for all current and future homeowners. It is a planned community under the North Carolina Planned Community Act.

• What you own & maintain: You own your lot and house. The HOA maintains common areas (like private roads, open spaces, and amenities) and may also maintain public roads until a government takes over. You are responsible for the strip of land between your property line and the road (excluding sidewalks).
• HOA assessments & fees: All lot owners (except the builder) must pay annual assessments set by the HOA board. During the builder's control period, there is no cap on increases. After that, annual increases are capped at 10% without a membership vote. Special assessments for major projects require 67% owner approval after builder control. Late payments accrue 18% interest and a $45 monthly late fee.
• Leasing & rentals: The document does not set a minimum lease term or restrict rentals. Tenants may use common areas but the owner remains responsible for their actions.
• Pets: The document does not mention any pet restrictions.
• Architectural review: The document does not establish an architectural review committee or require approval for exterior changes. However, the HOA board can set a 'Community Wide Standard' for property upkeep and appearance without owner approval (during builder control, the builder must consent).
• Parking & vehicles: The document does not address parking rules or vehicle restrictions.
• Builder's rights & transition: The builder (Pulte) retains extensive control for up to 30 years, including the right to appoint the HOA board, add land to the community, change the development plan, and veto certain HOA actions. The builder is exempt from paying assessments on its own lots. After builder control ends, owners elect the board.
• Insurance: The HOA must insure common areas for full replacement cost and carry liability insurance. Each owner must insure their own house and lot for full replacement cost. The HOA is not responsible for damage to your personal property.

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.