Tangle Oaks Club Marina

What Tangle Oaks Club Marina's governing documents say

Tangle Oaks Club Marina Townhouses is a townhome community in Wilmington, NC, governed by a homeowners' association (Tangle Oaks Club Marina Townhouses, Inc.). Each owner holds fee simple title to a lot (numbered 1–60) and the townhouse on it, and shares common areas with other owners. The declaration sets rules for assessments, architectural control, use restrictions, and maintenance, and is binding on all owners, tenants, and occupants.

• What you own & maintain: You own your lot and townhouse. The association provides exterior maintenance (paint, roof, gutters, exterior surfaces, decks, trees, shrubs, grass, walks) but not glass surfaces. If damage is caused by your willful or negligent act, the repair cost is added to your assessment.
• Assessments & fees: Annual assessments are levied per lot, with a maximum of $1,000 per lot initially, adjustable up to 5% yearly without a vote. Special assessments for capital improvements require a two-thirds vote of each membership class. A working capital assessment equal to two months' estimated assessment is due at title transfer. Assessments not paid within 30 days bear 10% annual interest and become a lien on the property.
• Architectural review: No building, fence, wall, or exterior alteration may be started without written approval from the Board or an architectural committee. Plans must be submitted; if no decision within 30 days, approval is deemed given.
• Use restrictions: Lots are for residential use only; only single-family townhouses up to three stories are allowed. No temporary structures, trailers, or recreational vehicles (boats, campers, etc.) may remain on a lot without association consent. No outside antennas without permission. Window coverings visible from outside must be white or neutral. Exterior lights must be clear, white, or non-frost.
• Pets: Dogs, cats, or other household pets are allowed but not for commercial purposes; they must be leashed and not run free.
• Leasing & rentals: Owners may rent their units, but the declaration does not specify a minimum lease term. The Board may recommend rental agents, but owners have the absolute right to make direct rental arrangements consistent with the declaration and bylaws.
• Party walls: Walls on dividing lines between lots are party walls. Repair and maintenance costs are shared proportionally by the owners who use the wall. Disputes are resolved by arbitration.
• Insurance: The association must maintain casualty and liability insurance (minimum $1,000,000 liability) and fidelity bonds. Each owner must also maintain individual flood insurance as determined by the Board.

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.