1317 Bowfin Townhouses

What 1317 Bowfin Townhouses's governing documents say

1317 Bowfin Townhouses is a small townhome community in Wilmington, NC, consisting of just two attached units. This declaration of covenants, conditions, and restrictions (CC&Rs) governs the property and binds both unit owners. It defines ownership shares, maintenance responsibilities, and use restrictions for the two-unit association.

• What you own & maintain: Each unit owner owns their unit in fee simple and an undivided one-half interest in the common elements. Each owner is responsible for maintaining the exterior of their unit, their driveway, and their limited common areas (e.g., decks). Roof replacement, common landing, and party wall costs are split equally, unless damage is caused by one owner.
• Use restrictions: Units may only be used for residential purposes, including rentals. No unit may be subdivided. Rentals of less than the whole unit are prohibited. No timeshares allowed.
• Pets: Domestic household pets are permitted subject to rules adopted by unanimous consent of both owners. Pets must be leashed outside, waste must be removed immediately, and excessive noise is prohibited. No commercial breeding.
• Parking & vehicles: No campers, trailers, boats, or similar vehicles may be parked on the property. Only standard pickup trucks (2-ton or smaller) are allowed. No junk or inoperable vehicles. Parking rules may be adopted by the association.
• Architectural review: No exterior alterations, additions, or changes (including painting, satellite dishes, signs) may be made without the prior written consent of both unit owners. Changes to the exterior color must apply to the entire building and require unanimous approval.
• Assessments & fees: There are no regular assessments; common expenses are split equally between the two units as special assessments. Late fees (4% of amount due) and interest (10% per annum) apply. Unpaid assessments create a lien enforceable by foreclosure.
• Governance & voting: Each unit has one vote. Most decisions require unanimous consent of both owners. Disputes that cannot be resolved within 30 days go to binding arbitration under AAA 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.