Bountiful Village
association language present (entity×115, governance×6)
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What Bountiful Village's governing documents say
Bountiful Village is a single-family detached residential community in Wilmington, NC, governed by a homeowners' association (HOA). This declaration of covenants, conditions, and restrictions (CC&Rs) applies to all lot owners and outlines property rights, assessment obligations, insurance requirements, and rules for the community.
- What you own & maintain: You own your lot and the building on it. The association owns and maintains the Common Areas (e.g., recreation facilities, private roads). You must maintain your building and lot, and the association may enter your lot for emergencies or required maintenance.
- Assessments & fees: Annual assessments start at a maximum of $3,000 per lot (until January 1 after the first lot sale), with annual increases capped at 20% or CPI. Special assessments may be levied for capital improvements or emergencies. A $500 working capital fee is due at closing for non-builder purchasers. Late payments incur a $50 charge plus 8% interest.
- Insurance: You must insure your building for 100% replacement cost. The association insures Common Areas and carries liability coverage of at least $1,000,000. The association may also obtain fidelity bonds and directors & officers liability insurance.
- Leasing & rentals: The document does not explicitly restrict leasing terms or require association approval for rentals. (No specific leasing rules are stated in the excerpt.)
- Pets: The document does not address pet restrictions. (No pet rules are stated in the excerpt.)
- Architectural review: The document does not establish an architectural review committee or specific design guidelines. (No architectural control provisions are in the excerpt.)
- What this document doesn't cover: This excerpt does not include rules on leasing, pets, architectural review, parking, or age restrictions. Those topics may be covered in other governing documents (e.g., bylaws, rules and regulations, or a master declaration).
Key facts from Bountiful Village's documents
- Community type
- single family detached residential community (WHEREAS: exclusive residential community)
- Legal name
- Bountiful Village
- Developer / declarant
- CH BOUNTIFUL OPERATING, LLC
- Governing law
- North Carolina Uniform Arbitration Act (§ 15-48-10, S.C. Code of Laws of 1976 as amended) (Top of page 1: PORTIONS OF THIS AGREEMEN)
- Assessments & dues
- Maximum $3,000.00 per Lot until January 1 following conveyance of first Lot; Declarant's unoccupied lots: $300.00 per Lot. (Article V Section Four: "maximum annual )
- Special assessments
- May be levied by Board for adequate reserve funds, construction, reconstruction, repair, replacement, insurance, or unusual unforeseen non-recurring expenses. Also may be levied if annual assessments insufficient. (Article V Section Five)
- Collections & liens
- Unpaid assessments, interest, late charges, costs, and reasonable attorney fees become a lien on the Lot. Lien may be foreclosed like mortgages in North Carolina. Association may appoint receiver to collect rents. Lien subordinate to first (Article V Sections Ten and Eleven)
- Reserves & fees
- Association shall establish and maintain adequate reserve fund for periodic maintenance, repair, and replacement of improvements to Common Areas, out of regular assessments for Common Expenses. (Article V Section Seven)
- Insurance
- Up to 5% of policy face amount at Board's discretion if material savings; deductible considered Common Expense borne by Association as a whole. (Article VI Section 2(a))
- Voting & meetings
- Class A Members (all Owners except Declarant): one vote per Lot; Class B Member(s) (Declarant): three votes per Lot owned. Voting rights for a Lot held by multiple persons: one vote per Lot, exercised as they determine among themselves. (Article IV Section Two)
Related associations
Nearby (within 500 m): Walnut Hills · Apple Valley Subdivision · Apple Valley / Walnut Hills · Valley Hills Subdivision
About this HOA
Bountiful Village is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Bountiful Village: 1 CC&R. Last updated 2026-06-01.