New Providence Park

What New Providence Park's governing documents say

New Providence Park is a multi-family residential development in Wilmington, NC, governed by a Declaration of Covenants, Conditions and Restrictions that primarily creates reciprocal easements and maintenance obligations among the owners of three parcels (Tract A, Tract B, and Lot 1A). This document is not a typical homeowners' association rulebook; it is a legal framework for shared infrastructure (common areas, storm water facilities, parking) between parcel owners, who are likely developers or landlords. Residents and tenants should understand that the document does not directly regulate their day-to-day conduct but establishes the rights and duties of the property owners.

• What this document covers: This declaration establishes reciprocal easements for access, parking, storm water drainage, and maintenance across the three parcels, and sets out each owner's responsibility to maintain their own improvements and share costs for common areas and storm water facilities.
• Who is bound: The document binds the fee simple owners of the parcels (not residents or tenants directly). Owners must ensure their tenants and licensees comply with the easements and maintenance obligations.
• Common areas & shared costs: The Tract A owner maintains all common areas (including access drives, parking, clubhouse, mail kiosk, and storm water ponds) and storm water facilities. All parcel owners share these costs pro-rata based on building square footage on each parcel.
• Insurance requirements: Each owner must maintain general liability insurance with a combined single limit of at least $1,000,000, including umbrella coverage.
• Leasing & rentals: The document does not impose any restrictions on leasing or rental terms; it does not address minimum lease durations, tenant screening, or occupancy limits.
• Pets: The document does not contain any pet restrictions or allowances.
• Architectural review: The document does not establish any architectural review committee or design guidelines.
• What this document doesn't cover: This declaration does not include rules about noise, parking assignments, trash, holiday decorations, or other typical HOA regulations. It is a limited document focused on easements, maintenance, and cost-sharing between parcel owners.

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.