Piper's Point Townhouses
association language present (entity×13, governance×2)
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What Piper's Point Townhouses's governing documents say
Piper's Point Townhouses is a condominium community in Wilmington, NC — you own your individual townhouse unit and a 0.25 undivided interest in the common areas, which the association maintains and insures. The community consists of 4 units initially, with the potential for up to 20 units total if additional property is submitted by the developer before 1991.
- What you own & maintain: You own the interior of your unit, including non-load-bearing walls, finishes, doors, windows, and interior utility lines. The association maintains all common areas (foundations, exterior walls, roof, stairs, parking, sidewalks, and utility infrastructure outside your unit). You must keep your unit in good repair; if you fail to do so after 20 days' notice, the association may make repairs and charge you via special assessment.
- Leasing & rentals: Units may be rented for residential purposes, subject to association rules. No minimum lease term is stated in this declaration.
- Pets: No pet restrictions are mentioned in this declaration.
- Assessments & fees: Each unit owner pays a share of common expenses based on their 0.25 percentage interest. Assessments are personal obligations of the owner and create a lien on the unit if unpaid, subordinate to first mortgages recorded before the assessment lien.
- Use restrictions: Units must be used for residential purposes only, except the developer may use units as sales offices or models. No commercial use is allowed.
- What this document doesn't cover: This declaration does not address age restrictions, parking rules, architectural review, or specific pet policies. Those may be covered in the association's bylaws or rules and regulations.
Key facts from Piper's Point Townhouses's documents
- Community type
- condominium (Title, Article I)
- Legal name
- Piper's Point Homeowner's Association (Article II.B)
- Units / lots
- 4 (initial) (Article II.F: 'four (4) units')
- Developer / declarant
- S.D.K. & SON, INC.
- Governing law
- Chapter 47A of the North Carolina General Statutes (Unit Ownership Act) (Article I, Article II.A)
- Assessments & dues
- According to percentage interest in common areas (0.25 per unit initially) (Article IV.3, Article X)
- Special assessments
- Allowed for repairs if owner fails to maintain (Article VIII 3) and for negligence (Article VIII 1) (Article VIII 1,3)
- Collections & liens
- Assessments create a lien enforceable under Unit Ownership Act; lien subordinate to first mortgage unless recorded prior (Article XIII 3,4)
- Reserves & fees
- Board may establish reserve funds as deemed necessary and appropriate (Article XI)
- Leasing & rentals
- yes; rental of units for residential and lodging accommodations is permitted subject to Association rules (Article VII)
- Maintenance
- Association maintains common areas (Article VIII 1); owner maintains unit and limited common areas within unit (Article VIII 2); owner must keep unit in good condition and repair (Article VIII 3) (Article VIII)
- Use restrictions
- yes; units shall be used for residential purposes, including rental for residential and lodging accommodations (Article VII)
- Amendments
- To add additional units: unanimous consent of all unit owners expressed in Amended Declaration; power of attorney granted to Declarant to consent to such amendment. Modification of undivided interests upon addition also requires unanimous c (Article III)
About this HOA
Piper's Point Townhouses is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Piper's Point Townhouses: 1 CC&R. Last updated 2026-06-01.