Twin Lakes Dev

What Twin Lakes Dev's governing documents say

Live Oak Cottages is a townhome community in Sunset Beach, NC, governed by a homeowners association (HOA). Each owner holds fee simple title to a lot and a townhome, and the association maintains common elements, provides exterior maintenance, and carries master insurance. This document is the full declaration of covenants, conditions, and restrictions (CC&Rs) that bind all owners, residents, and guests.

• What you own & maintain: You own your lot and townhome. The association maintains common elements (e.g., private streets, boat dock, septic system) and provides exterior maintenance for each living unit, including roofs, gutters, exterior surfaces, and landscaping (except rear yards, which owners may maintain with approval). Owners are responsible for interior repairs and casualty damage not covered by insurance.
• Assessments & fees: Monthly assessments fund common expenses. The initial maximum was $225/month per living unit (2007). The board may increase assessments up to 10% per year without a vote; larger increases require 2/3 member approval. A special assessment up to $1,000 per year may be levied by the board without a vote. Each new owner pays two months' assessment as working capital.
• Leasing & rentals: Leases must be in writing and state that they are subject to the declaration and bylaws. Tenants must comply with all rules; failure is a lease default. The association may enforce rules directly against tenants.
• Pets: Dogs, cats, or other household pets are allowed but not for commercial purposes. They must be controlled per local ordinances and not be a nuisance.
• Parking & vehicles: Each lot is entitled to two assigned parking spaces. Boats, trailers, campers, motorhomes, commercial trucks, and tractors may not be parked on the property or adjoining streets controlled by the association, except in a closed garage if permitted by rules.
• Architectural review: No exterior improvements or alterations (including fences, signs, plantings) may be made without written approval from the board or an architectural committee. Plans must be submitted; approval is based on harmony of design and location. If no decision is made within 30 days, approval is deemed given (unless plans are incomplete).
• Use restrictions: Property is for single-family residential use only. No business, industry, or profession is allowed. No obnoxious activity, signs (except for-sale/for-rent signs by owners or declarant), or window screens on the front of units. The board may adopt rules and impose fines for violations.
• Insurance & casualty: The association carries liability insurance (minimum $1 million per occurrence) and fire/hazard insurance on all buildings at full replacement value. Owners must repair casualty damage within 270 days; if they default, the association may do so and assess the cost.

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.