Octavia

What Octavia's governing documents say

Octavia is a residential townhouse development in Wilmington, NC, governed by a homeowners association (HOA). Each owner holds fee simple title to a lot and townhouse unit, and shares ownership of common areas. The HOA maintains exteriors (roofs, paint, landscaping) and carries master insurance; owners are responsible for interiors, HVAC, decks, and rear lots.

• What you own & maintain: You own your lot and townhouse unit. The HOA maintains roofs, exterior paint, soffits, gutters, fences built by the developer, trees, shrubs, grass, walks, drainage, and buffers. You maintain interiors, HVAC, decks, glass surfaces, and the rear lot area.
• Assessments & fees: Annual assessments start at $1,080/year ($90/month) per lot, with a possible initial increase to $1,200/year ($100/month). Annual increases are capped at 5% without a membership vote. Special assessments may be levied for capital improvements. A two-month working capital assessment is due at closing.
• Leasing & rentals: Leases must be for at least six months. Owners may assign their common area use rights to tenants. The document does not limit the number of leases or require HOA approval for tenants.
• Pets: Small domestic dogs, cats, or other household pets are allowed, but not for commercial or breeding purposes. Pets must be leashed and escorted outside, must not create excessive noise or soil common areas, and may be required to be removed if they cause disturbances.
• Parking & vehicles: Vehicles must be parked in garages, designated parking spaces, or driveways. No parking on yards or common areas. Boats, campers, trailers, RVs, jet-skis, and similar vehicles are only allowed inside a garage. Inoperable vehicles or those without current registration/insurance are prohibited and may be towed.
• Architectural review: All exterior changes (buildings, fences, walls, colors, additions) require prior written approval from the Declarant or, after control transfers, the HOA Board or architectural committee. Plans are deemed approved if no decision is made within 30 days.
• Use restrictions: Lots are for residential single-family townhouse use only (max 3 stories). No noxious activities, junk vehicles, temporary structures, yard sales, or outside antennas/satellite dishes over 18 inches without permission. Window coverings facing the street must be generally white. No furniture on ground level; grills only in rear. Clotheslines allowed only in rear ground floor.
• Occupancy limit: The number of related and unrelated occupants is limited to three per lot, even if city ordinances allow more.

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.