1721 Mackerel Townhomes

What 1721 Mackerel Townhomes's governing documents say

1721 MACKEREL Townhomes is a two-unit townhome community in Wilmington, NC, governed by a declaration that creates an association of the two unit owners. Each owner owns their unit and an undivided one-half interest in the common areas, and is responsible for maintaining their own unit, limited common areas (driveway, deck), and half of certain shared costs like roof and party wall repairs.

• What you own & maintain: You own your unit and an undivided one-half interest in the common areas. You must maintain your unit's interior and exterior, your driveway, and any limited common areas (e.g., deck). You are responsible for half the cost of roof replacement, common landing repairs, and party wall repairs, unless damage is caused by you or your guests.
• Leasing & rentals: Units may be rented for residential purposes, but rentals of less than the whole unit are prohibited. No timeshares are allowed.
• Pets: Only domestic household pets are allowed, subject to rules adopted by 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 changes (painting, structures, fences, satellite dishes, signs) may be made without the unanimous written consent of both unit owners. The exterior color of a unit cannot be changed unless the entire building's color scheme is changed, also requiring 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 to delinquent assessments. The association may place a lien on the unit and foreclose if unpaid.
• Dispute resolution: If the two unit owners cannot reach unanimous consent on any matter, the dispute must be submitted to binding arbitration under the American Arbitration Association 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.