Fairway Commons Townhomes

What Fairway Commons Townhomes's governing documents say

Fairway Commons Townhomes is a planned community of townhomes in Wilmington, NC, governed by a homeowners association (the Fairway Commons Townhome Association). Each owner holds fee simple title to a lot and living unit, and shares ownership of common properties. The association maintains common areas and provides exterior maintenance for each unit, funded by regular and special assessments.

• What you own & maintain: You own your lot and living unit. The association maintains roofs, gutters, exterior surfaces (except windows and doors), trees, shrubs, grass, walks, and other exterior improvements. You are responsible for doors, windows, skylights, exterior light bulbs, and all utility systems serving your unit.
• Assessments & fees: Regular assessments are levied equally against each lot, fixed annually by the board. Special assessments require 67% member approval, except when needed to cover shortfalls. Unpaid assessments bear 18% annual interest and become a lien on the property.
• Architectural review: No exterior changes (buildings, fences, walls, landscaping, tree removal) may be made without written approval from the board or an aesthetics committee. Plans must be submitted and approved within 30 days; otherwise, approval is deemed given.
• Pets: A maximum of two normal household pets per lot is allowed. The board may adopt rules limiting types of animals and governing their presence on common properties.
• Leasing & rentals: The document does not specify any restrictions on leasing or minimum lease terms.
• Party walls: Walls between living units are party walls. Repair and maintenance costs are shared proportionally by the owners who use the wall. Disputes are resolved by arbitration.
• Use restrictions: Lots and living units may only be used for residential purposes. No noxious activities, mobile homes, tents, or temporary structures for habitation are allowed. Trash receptacles and mail receptacles must be approved.
• Amendment & enforcement: Covenants may be amended during the first 20 years by 90% member vote, thereafter by 75% vote. Enforcement is through legal proceedings; failure to enforce does not waive rights.

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.