Megan's Place

What Megan's Place's governing documents say

Megan's Place is a planned community in Wilmington, NC, governed by a homeowners' association (HOA). This document is the Declaration of Covenants, Conditions and Restrictions (CC&Rs) that applies to all lot owners. It establishes the HOA, sets rules for property use and maintenance, and outlines assessment obligations.

• What you own & maintain: You own your lot and the dwelling on it. The association maintains common elements (e.g., private roads, stormwater ponds) and limited common elements (e.g., yards and shrubbery on each lot). You must maintain your own lot and any easement areas, except those maintained by a public authority or utility.
• Architectural review: All exterior construction, additions, or changes (including painting) require prior written approval from the Declarant or later the Architectural Control Committee, based on harmony of design and location. Approval is deemed given if no response within 30 days.
• Minimum dwelling size: Each dwelling must have at least 1,400 square feet of enclosed, heated area (excluding garages, decks, porches). The committee may allow a minimum of 1,350 square feet if it finds no adverse impact on property values.
• Use restrictions: Lots are for single-family residential use only. No detached garages or outbuildings. No noxious or offensive activities. Temporary structures (trailers, tents, etc.) cannot be used as residences without consent. Clothes lines are not permitted.
• Parking & vehicles: Each lot must provide off-street parking for at least two cars, with driveways and parking areas made of concrete, brick, asphalt, or turf stone. Boats, campers, trailers, mobile homes, and tractor/trailers are not allowed on lots or streets without written consent.
• Assessments & fees: Lot owners must pay annual, special, insurance, ad valorem tax, and working capital assessments. The initial working capital assessment is $200 per lot. Assessments become a lien if unpaid for 30+ days, and the association can foreclose. Unpaid assessments accrue interest at the highest legal rate.
• Developer rights: The developer retains special rights, including control of the architectural committee, the ability to annex additional property, and the right to amend the declaration without member approval under certain conditions. The developer also has weighted voting rights (3 votes per lot owned) until certain conditions are met.

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.