Oceanic

What Oceanic's governing documents say

Oceanic is a single-family townhome community in Wilmington, NC, governed by a homeowners' association (HOA). The declaration establishes rules for all lot owners, covering assessments, architectural control, party walls, exterior maintenance, and use restrictions.

• What you own & maintain: You own your lot and townhouse. The association provides exterior maintenance (roofs, gutters, exterior surfaces, trees, shrubs, grass, walks) but not glass surfaces. If damage is caused by you or your guests, the cost is added to your assessment.
• Assessments & fees: Annual assessments start at $288 per lot (1973), can increase up to 5% per year without a vote, or more with a 2/3 vote of each membership class. Special assessments for capital improvements also require a 2/3 vote. Assessments are a lien on the property and bear 8% interest if unpaid after 30 days.
• Architectural review: No building, fence, wall, or exterior alteration may be made without written approval from the Board or an architectural committee. Plans must be submitted; if no decision within 30 days, approval is deemed given.
• Party walls: Walls built on lot dividing lines are party walls. Repair costs are shared proportionally by owners who use the wall. Disputes are resolved by arbitration.
• Use restrictions: Lots are for residential use only, with one single-family townhouse per lot. No temporary structures, trailers, tents, or outbuildings may be used as residences. No noxious or offensive activities are allowed.
• Common area & amenities: Owners have an easement to use the common area, but the association may charge fees for recreational facilities. Use can be suspended for unpaid assessments or rule violations (up to 60 days). The common area may be dedicated to a public agency with a 2/3 vote.
• Leasing & rentals: Owners may delegate their common area use rights to tenants who reside on the property. No other rental restrictions are stated in this document.

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.