Sunset Towns

What Sunset Towns's governing documents say

Sunset Towns is a townhome community in Wilmington, NC, governed by a homeowners association (Sunset Towns POA, Inc.) that is part of a larger master-planned community (Sunset Reach). You own your townhome lot and share common areas with other owners. The association handles exterior maintenance of each townhome (roof, siding, decks, etc.) and maintains common areas, and also pays water/sewer bills as a common expense.

• What you own & maintain: You own your townhome lot and are responsible for interior maintenance and items under your exclusive control. The association maintains the exterior of each townhome (roof, gutters, exterior surfaces, decks, walks, driveway) and all common areas, including landscaping, roads, parking, water/sewer lines, and stormwater basins.
• Assessments & fees: All townhome owners pay annual assessments and may be subject to special assessments. A one-time working capital assessment of $1,000 is due at initial purchase from the developer. Assessments are uniform per lot and can be collected yearly, semi-annually, quarterly, or monthly. Unpaid assessments accrue interest at 18% per annum and late fees, and become a lien on the property.
• Leasing & rentals: Owners may lease their townhome to tenants, who may use common areas as their principal residence. While a tenant occupies the home, the owner forfeits their own right to use common areas. No minimum lease term is stated in this document.
• Pets: This document does not address pet restrictions.
• Party walls: Walls between townhome units are party walls. Repair and maintenance costs are shared proportionally by the owners who use the wall. If a party wall is destroyed, any owner who used it may restore it, and others who later use it must contribute. Disputes are resolved by arbitration.
• Developer rights: The developer (Declarant) retains significant control until all lots are sold, including the right to alter common area boundaries, use common areas for sales and marketing, and veto amendments or rules that affect its activities. The developer is exempt from assessments until it opts in or sells lots.
• What this document doesn't cover: This declaration does not specify rules about parking, vehicles, architectural review, age restrictions, or specific pet policies. Those may be covered in separate rules or the master Sunset Reach declaration.

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.