Holton Place Condominium

What Holton Place Condominium's governing documents say

Holton Place Condominium is a condominium community in Wilmington, NC — you own your individual unit and share ownership of the common elements. The association maintains the exterior of buildings and common areas, and you pay assessments for these services. The community is being built in multiple phases, and the developer retains rights to add more units and phases without owner approval.

• What you own & maintain: You own the interior of your unit (walls, floor, ceiling). The association maintains the exterior (roofs, siding, trees, walks) and common elements. You are responsible for glass surfaces and any damage caused by your negligence.
• Assessments & fees: Annual assessments are set by the board, initially capped at $1,500 per unit, and can increase up to 5% per year without a vote. Special assessments for capital improvements require a majority vote. Assessments are uniform per unit and can become a lien if unpaid for 30+ days.
• Leasing & rentals: No minimum lease term is stated in this excerpt. Owners may delegate their common element rights to tenants.
• Pets: Dogs, cats, or other household pets are allowed but not for commercial purposes. Pets must be leashed when outside the unit.
• Architectural review: No exterior changes (buildings, fences, decks, etc.) may be made without written approval from the executive board. Exterior color changes require a two-thirds vote of owners.
• Parking & vehicles: No motorcycles, campers, trailers, boats, or similar vehicles may be parked or stored on the premises. Only standard 2-ton pickup trucks or smaller trucks are permitted.
• Use restrictions: Units are for residential use only. No noxious activities, no outside antennas or satellite dishes without board approval, no signs, and window coverings must appear white or off-white from the exterior.
• What this document doesn't cover: This excerpt does not specify minimum lease terms, age restrictions, or specific pet limits (beyond 'household pets'). It also does not detail amenities, parking allocation, or rental application procedures.

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.