Oak Village at Airlie

What Oak Village at Airlie's governing documents say

Oak Village at Airlie is a single-family home subdivision in Wilmington, NC, governed by a homeowners' association (HOA). These restrictive covenants run with the land and bind all current and future owners. The HOA maintains common areas and enforces rules to preserve property values.

• What you own & maintain: You own your lot and the home on it. The HOA owns and maintains the common areas (e.g., streets, utilities, landscaping, fences).
• Assessments & fees: All lots pay equal annual assessments, plus possible special assessments for capital improvements (requires 2/3 member vote). A one-time $100 setup fee is due at closing. Assessments can increase up to 50% per year without a member vote; larger increases need approval from half of members.
• Architectural review: No building, fence, sign, wall, or other structure may be built or altered without prior written approval from the Developer (or later the HOA) as to external design and location. Plans are deemed approved if no response within 30 days. Construction must be completed within 12 months.
• Use restrictions: Lots are for single-family residential use only. Home-based offices are allowed if not open to the public. No business, trade, or commercial activity is permitted. No signs without approval.
• Pets: Only dogs, cats, or household pets kept indoors are allowed. No animals may be kept, penned, raised, or bred on the property.
• Parking & vehicles: Each lot must provide adequate off-street parking. No parking or storage of automobiles, trucks, boats, trailers, or other vehicles on streets or common areas.
• Leasing & rentals: Owners may delegate use of common areas to tenants, but tenants must reside on the property. No minimum lease term is stated.
• Amendments & duration: These covenants run for 20 years from recording (1988), auto-renewing every 10 years. Amendments require 90% owner approval during the first 20 years, then 75% thereafter.

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.