Masonboro Place

What Masonboro Place's governing documents say

Masonboro Place is a single-family home HOA in Wilmington, NC. You own your lot and house; the association maintains common areas (including private streets) and carries master insurance. All owners are automatically members of the HOA.

• What you own & maintain: You own your lot and house. The HOA maintains common areas (roadways, etc.) and carries casualty and liability insurance on common areas. Each owner must maintain their own yard.
• Architectural review: Any new building, fence, or exterior change requires written approval from the HOA board or an architectural committee. Plans are deemed approved if no decision within 30 days. Minimum house size is 1,600 sq ft of heated dwelling area (excluding garage, decks, porches). Setbacks: 30' front, 25' rear, 15' side.
• Use restrictions: Lots are for single-family residential use only. No businesses, noxious activities, or junk vehicles. Temporary structures, recreational vehicles, boats, and campers are not allowed unless stored out of sight in garages. Pets (dogs, cats) allowed but must be leashed and not for commercial purposes.
• Parking & vehicles: Each lot must provide off-street parking for at least 2 cars (concrete, brick, or asphalt). On-street parking is for guests only. Inoperable or unregistered vehicles are prohibited and may be towed.
• Leasing & rentals: Leases are allowed; tenants must comply with all rules. Owners may delegate common area use to tenants. No minimum lease term is stated.
• Assessments & fees: Annual assessments cover common area maintenance plus 5% inflation buffer. Maximum annual increase without membership vote is 10%. Special assessments for capital improvements require 2/3 owner vote. A working capital fee is due at lot purchase. Unpaid assessments accrue 12% interest and become a lien on the property.
• Dispute resolution: Disputes between lot owners must first try mutual agreement; if unresolved after 60 days, binding arbitration under the Federal Arbitration Act. Arbitrator cannot award punitive damages.

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.