Regency Square Townhouse Subdivision
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What Regency Square Townhouse Subdivision's governing documents say
Regency Square Townhouse Subdivision is a townhome community in Wilmington, NC, where you own your lot and attached townhouse, sharing party walls with neighbors. The Homeowners Association maintains common areas and enforces rules, funded by assessments on each lot.
- What you own & maintain: You own your lot and townhouse in fee simple. You are responsible for exterior maintenance (roofs, gutters, paint, walks) per Board guidelines. The Association maintains common areas.
- Assessments & fees: Annual assessments start at $500 per lot (max $800 without membership vote), can increase up to 5% yearly without a vote. Special assessments for capital improvements or insurance require 2/3 vote. Unpaid assessments bear 10% interest and become a lien on the lot.
- Architectural review: No exterior changes (buildings, fences, walls) may be made without written approval from the Board or an architectural committee. Plans are deemed approved if no response within 30 days.
- Party walls: Walls on lot dividing lines are party walls. Repair costs are shared proportionally by owners using the wall. Disputes go to arbitration.
- Use restrictions: Lots are for single-family townhouse use only, max 2.5 stories. No temporary structures, recreational vehicles, or commercial pet keeping. Dogs/cats allowed but must be leashed. Signs limited to one 2 sq ft 'for sale/rent' sign. Window coverings visible from outside must be white/neutral unless Board approves otherwise. Exterior lights must be white or non-front.
- Insurance: Each owner must insure their townhouse at 100% replacement cost, payable to the Board as Trustee. If owner fails, the Board may procure insurance and assess the cost. The Association also carries common area and liability insurance.
- Leasing & rentals: The document does not specify minimum lease terms or rental restrictions beyond the general use restrictions.
Key facts from Regency Square Townhouse Subdivision's documents
- Community type
- Townhouse Subdivision – Homeowners Association as of 1982 (Title page and Article I, Section 2 (Ass)
- Units / lots
- Minimum 69, maximum 74 lots/townhouses as of 1982 (Article I, Section 4: 'a minimum of 69 a)
- Assessments & dues
- $1,056/year (estimated from 4 real-estate listings) as of 2026 (https://www.compass.com/homedetails/3436)
- Special assessments
- Yes. For capital improvements (requires 2/3 vote of each class). Also special assessments for exterior maintenance if owners fail, and for insurance if owner fails. as of 1982 (Article IV, Sections 4, 5, 6, 7)
- Collections & liens
- Assessments (annual, special, etc.) constitute a continuing lien on the lot. Association may foreclose the lien or bring personal action. Lien subordinate to first mortgage; foreclosure of mortgage extinguishes prior due assessments. as of 1982 (Article IV, Sections 1, 11, 13)
- Reserves & fees
- Interest at 10% per annum on unpaid assessments after 30 days. No specific flat late fee mentioned. as of 1982 (Article IV, Section 11: 'bear interest a)
- Pets
- Yes, dogs, cats, or other household pets are allowed. as of 1982 (Article VIII, Section 5)
- Leasing & rentals
- Not explicitly addressed; tenants are referenced (Article II, Section 2) but no restrictions stated. as of 1982 (Article II, Section 2 allows delegation )
- Parking & vehicles
- Streets are public (Article I, Section 6). No restrictions stated. as of 1982 (Article I, Section 6)
- Fences
- Any fence requires architectural approval (Article V). No additional specifications. as of 1982 (Article V and Article VIII, Section 1 (b)
- Architectural approval
- Yes. No building, fence, wall or other structure shall be commenced, erected, maintained, nor exterior addition/change made until plans submitted and approved in writing by Board or architectural committee. as of 1982 (Article V)
- Home business
- Not explicitly prohibited, but 'noxious or offensive activity' prohibited and residential use only, which may preclude many businesses. as of 1982 (Article VIII, Sections 1 and 2)
- Signs & flags
- One sign of not more than 2 square feet advertising property for sale or rent allowed. Builder signs during construction and sales period allowed. as of 1982 (Article VIII, Section 10)
- Setbacks / home size
- Not to exceed two and one-half stories. as of 1982 (Article VIII, Section 1)
- Maintenance
- Owner responsibility: includes roofs, gutters, downspouts (Article VII). as of 1982 (Article VII: 'Exterior maintenance shall)
- Insurance
- Association shall keep common property insured against fire, hazards, and public liability at 100% replacement cost. Also obtains bonds for directors/officers. as of 1982 (Article IV, Section 5 (last two paragrap)
- Use restrictions
- Yes. 'No lot shall be used except for residential purposes.' as of 1982 (Article VIII, Section 1)
- Voting & meetings
- Two classes: Class A (owners, excluding Declarant) – 1 vote per lot; Class B (Declarant) – 3 votes per lot owned. Class B terminates when Class A votes equal Class B or on July 1, 1987, whichever occurs earlier. as of 1982 (Article III, Section 2)
About this HOA
Regency Square Townhouse Subdivision is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Regency Square Townhouse Subdivision: 1 CC&R. Last updated 2026-06-01.