1115 Bowfin Lane Townhomes

Key facts from 1115 Bowfin Lane Townhomes's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

townhouse (‘1115 Bowfin Lane Townhomes’)

Legal name

1115 Bowfin Lane Townhomes

Developer / declarant

CENTER CITY DEVELOPMENT, INC.

Governing law

North Carolina Planned Unit Development Act, Chapter 47F (Article I.A)

Assessments & dues

Every Common Expense automatically creates a Special Assessment against both Units for one-half, unless expense is responsibility of only one Unit (Article IX)

Special assessments

Yes, all Common Expenses are automatic Special Assessments (Article IX)

Collections & liens

Yes, lien in favor of Association, foreclosable as mortgage under power of sale per Chapter 45 of NC General Statutes (Article IX)

Reserves & fees

‘allocations to reserves’ mentioned in definition of Common Expenses, but no specifics (Article I.I: Common Expenses include all)

Pets

Yes, certain domestic household pets permitted subject to rules (Article III.H)

Leasing & rentals

Yes, residential rental purposes permitted (Article III.A: including residential ren)

Architectural approval

Yes, unanimous consent of all Unit Owners and municipal approvals for any building, fence, wall or other structure on Common Areas (Article X)

Maintenance

Owner maintains Unit and Limited Common Area; Association maintains Common Elements; each unit responsible for one-half of Common Area maintenance costs unless damage caused by one unit (Article III.E, Article XIII.B, Article I)

Insurance

Association shall obtain liability insurance to cover losses on Common Area not insured by Unit Owners (Article VIII: Insurance Obtained by the )

Use restrictions

Yes, each Unit occupied only for residential purposes, including residential rental purposes (Article III.A)

Voting & meetings

Each Unit has one vote; when multiple owners, vote cast by one person designated or majority agreement (Article II: Each unit shall have one vot)

Amendments

Written instrument executed by all Unit Owners, recorded in New Hanover County (Article XII)

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