Terrapin

What Terrapin's governing documents say

Terrapin is a master-planned community in Bolivia, NC, governed by a Master Declaration that applies to all property owners within the development. This document establishes the Terrapin Owners Association, defines property rights, maintenance responsibilities, and use restrictions for lots and common elements. It is a standard planned community HOA, not a condominium or age-restricted community.

• What you own & maintain: You own your lot and any improvements (unit) on it. The association maintains common elements like private streets, stormwater facilities, and landscaping on common areas. Owners are responsible for upkeep of their lot and unit consistent with the community-wide standard.
• Assessments & fees: The association levies base assessments, special assessments, and benefited assessments against each lot. Assessments are due annually unless otherwise set by the board. Unpaid assessments become a lien on the lot and are personally owed by the owner at the time of levy.
• Architectural review: All construction, alterations, and landscaping on lots must comply with design guidelines and receive prior approval from the architectural committee. The board may adopt and amend these guidelines.
• Use restrictions: The declaration includes use restrictions detailed in Exhibit B (not fully provided in excerpt). The board may adopt rules and regulations governing lot use and common elements. Political signs are regulated (noted on page 1).
• Leasing & rentals: The document does not specify minimum lease terms or rental caps in the provided excerpt. Leasing is subject to use restrictions and board rules.
• Pets: The document does not address pet restrictions in the provided excerpt. Any pet rules would be in the use restrictions or board rules.
• Stormwater & environmental restrictions: Lots must comply with stormwater permit requirements, including maximum built-upon area per lot (see Exhibit D), vegetated buffers, and drainage into the permitted system. Filling or piping vegetated conveyances is prohibited.
• What this document doesn't cover: This excerpt is a master declaration and does not include specific use restrictions (Exhibit B), design guidelines, or subsidiary association rules. Amenities like recreational facilities are not guaranteed. Age restrictions, rental caps, and pet limits are not stated in the provided text.

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.