Perry Park Townhomes

What Perry Park Townhomes's governing documents say

Perry Park Townhomes is a townhome community in Wilmington, NC, governed by a homeowners association (HOA). You own your lot and home, and the association maintains common areas and exterior elements. This document is the full declaration of covenants, conditions, and restrictions (CC&Rs) that apply to all owners, residents, and guests.

• What you own & maintain: You own your lot (the land and the townhome built on it). The association maintains common elements (e.g., open spaces, streets, ponds, drainage) and limited common elements (areas for exclusive use of fewer than all lots). Owners are responsible for exterior maintenance of their own lots as specified in Article VI.
• Leasing & rentals: Weekly and vacation rentals are expressly permitted. All leases must be in writing and must state that the lease is subject to the declaration, articles, and bylaws. There is no minimum lease term or other restriction on an owner's right to lease.
• Pets & animals: Article VII, Section 4 restricts animals, but the specific rules are not fully legible in this excerpt. Owners should review the full section for pet limits, types, and restrictions.
• Parking & vehicles: The association may make permanent and temporary parking assignments and establish rules for parking and traffic flow, including restricting on-street parking and towing violators at the owner's expense.
• Architectural review: Article V requires prior approval for any improvements or alterations to lots. The process and standards are detailed in that article.
• Assessments & fees: Annual assessments are set by the board and can increase up to 10% per year without owner vote. The initial maximum was $4,740 per year ($395/month). Special assessments for capital improvements require a 2/3 vote of members. Assessments are a lien on the property.
• Use of common elements: Owners have an easement to use common elements, subject to association rules. The association may charge fees for recreational facility use, suspend voting rights for violations, and allow exclusive use of common areas for private events (up to 24 hours) with fees/deposits.
• What this document doesn't cover: This excerpt does not include the full text of all restrictions (e.g., detailed pet rules, sign regulations, or architectural guidelines). It also does not cover the association's bylaws or articles of incorporation, which may contain additional rules.

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.