North Shores Townhouses

What North Shores Townhouses's governing documents say

North Shores Townhouses is a small townhome community in Wrightsville Beach, NC, with only two attached homes sharing a party wall, roof, and concrete slab. The homeowners' association owns and maintains the common elements and exteriors, and each owner has an undivided half-interest in the association.

• What you own & maintain: You own your individual lot and townhouse unit. The association owns and maintains the common elements (drives, parking, lawns, utilities) and is responsible for the roofs and exteriors of both townhouses, except for damage caused by an owner's negligence.
• Association membership & voting: There are exactly two memberships in the association, each tied to ownership of a lot and townhouse. Each owner has one vote and an undivided one-half interest in the association's assets.
• Assessments & liens: The association annually budgets and assesses each owner one-half of the projected costs. Unpaid assessments become a personal obligation and a lien on the lot/townhouse, which can be foreclosed similarly to a mortgage.
• Use of common elements: Each owner has an easement to use the common elements, but the association can suspend voting rights and common-area use for unpaid assessments or for up to 60 days for rule infractions. Each owner also has exclusive use of the common area on their side of the lot dividing line.
• Party wall & shared structure: The two townhouses share a party wall, a common roof, and a common concrete slab. The association has an easement to enter each lot to perform exterior and roof maintenance.
• Duration & amendment: The covenants run for 20 years from recording (1982) and automatically renew for successive 10-year periods unless all owners agree to revoke them in writing.

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.