325 South Fifth Townhomes

What 325 South Fifth Townhomes's governing documents say

This is a declaration for 325 SOUTH FIFTH Townhomes, a two-unit townhome community in Kure Beach, NC. It establishes the rules for owners of Units 325-A and 325-B, who each own their unit and an undivided one-half interest in the common elements.

• What you own & maintain: Each unit owner owns their unit and a one-half interest in the common elements. Owners must maintain their unit's interior, exterior, and driveway, and share equally the costs of roof replacement, the front stair landing, and the party wall. The association maintains the common elements.
• 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 all owners. Pets must be leashed outside, waste must be removed, and excessive noise is prohibited. No commercial breeding.
• Architectural review: Any exterior changes, including painting, fences, satellite dishes, or structural modifications, require unanimous written consent of all unit owners. Exterior color changes must apply to the entire building.
• Parking & vehicles: No campers, trailers, boats, or trucks larger than a standard 2-ton pickup may be parked on the property. Wrecked or unregistered vehicles are prohibited. The association may regulate parking and assign spaces.
• Assessments & fees: Common expenses are split equally between the two units. There are no regular assessments; expenses are paid as they arise. Late payments incur 4% late fee and 10% annual interest, and the association can lien the unit.
• Voting & decision-making: Each unit has one vote. Unanimous consent of both owners is required for many decisions, including amendments, architectural changes, and rule adoption. Disputes go to binding arbitration.
• What this document doesn't cover: This document does not specify any age restrictions, income limits, or rental caps. It also does not detail specific rules about trash collection, noise hours, or use of balconies beyond storage restrictions.

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.