Lakeside Villas at Landfall

What Lakeside Villas at Landfall's governing documents say

Lakeside Villas at Landfall is a single-family home subdivision in Wilmington, NC, governed by a homeowners' association (HOA). The HOA maintains common areas, private streets, and grounds around each lot, and all lot owners are automatically members. This document is the full declaration of covenants, conditions, and restrictions (CC&Rs) that run with the land.

• What you own & maintain: You own your lot and the improvements on it, and you are responsible for exterior upkeep (painting, roofs, gutters, etc.). The Association maintains the grounds around each lot (grass, shrubs, trees) and private streets and driveways.
• Assessments & fees: Annual assessments started at $250 per lot (through 1990) and can be increased annually by the Board up to 10% or the CPI increase, whichever is greater. Special assessments for capital improvements require a 2/3 vote of members. A two-month working capital fee is due at initial sale. Assessments are a lien on the lot if unpaid.
• Architectural review: No exterior changes (buildings, fences, landscaping, paint, etc.) may be made without prior written approval from the Board or an architectural committee. Approval is based on harmony of design and location; the Board has sole discretion. If no decision is made within 30 days of a complete submission, approval is deemed given.
• Use restrictions: Lots are for single-family residential use only. The Association can regulate or prohibit TV antennas and satellite dishes. Owners may delegate use of common elements to family, tenants, or contract purchasers who reside on the property.
• Leasing & rentals: The document mentions that owners may delegate their right to use common elements to tenants, but does not specify minimum lease terms or other rental restrictions. (Note: The text is truncated; Article X on Sales, Repurchase and Rentals is not fully included.)
• Membership & voting: Each lot owner is a member with one vote per lot. Declarant (developer) had three votes per lot until Class B membership converts to Class A when Class A votes equal Class B, or five years after first lot sale, whichever comes first.
• Common elements & amenities: Common elements include all property not part of individual lots, such as roads, walkways, and recreational facilities. The Association may charge fees for facility use, suspend rights for unpaid assessments or rule violations, and limit guest numbers.
• What this document doesn't cover: The document is truncated and does not include full articles on insurance, sales/repurchase/rentals, lender rights, or general provisions. Pet restrictions, parking rules, and age restrictions are not mentioned in the available text.

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.