The Faith Townhomes

What The Faith Townhomes's governing documents say

The Faith Townhomes is a planned community of townhomes in Carolina Beach, NC, governed by the North Carolina Planned Community Act. This declaration establishes the homeowners association, defines lot ownership and common elements, and sets use restrictions and assessment rules for all owners and residents.

• What you own & maintain: You own your lot and townhome unit. The association owns and maintains the common elements (e.g., common areas, amenities). Limited common elements (labeled 'LCE' on the plat) are reserved for specific units. You must maintain interior finishes, appliances, and plumbing/wiring inside your unit; the association insures the structure and common elements.
• Use restrictions: Lots are for single-family residential use only. No business activities except home offices that don't bring customers or increase traffic, with board approval. No time-sharing. No nuisances, noxious activities, or anything that increases insurance rates.
• Pets: Only household pets allowed, not bred commercially. Dogs must be leashed outside the lot, and droppings must be cleaned up immediately. The board may regulate the kind and number of pets.
• Parking & vehicles: No storage of boats, trailers, campers, RVs, or similar items on common or limited common elements unless designated or board-approved. All vehicles must be operational and registered. The board may limit the number of passenger vehicles per owner and designate parking areas.
• Alterations & architecture: No structural alterations to common or limited common elements without board approval. Permanent structures on a lot require board approval under architectural control provisions. No subdivision of a townhome unit without board consent.
• Assessments & fees: Common expenses are assessed against all lots equally (50% per lot initially). The board may assess expenses caused by negligence or misconduct exclusively against that owner. Special assessments may be levied for repairs or insurance shortfalls.
• Leasing & rentals: The declaration does not specify minimum lease terms or rental restrictions beyond prohibiting time-sharing. Leases are subject to the declaration, bylaws, and rules. Tenants must comply with all governing documents.
• Insurance: The association carries property insurance on common elements and townhome structures (excluding interior finishes and personal property) and liability insurance. Owners must insure their interiors and personal property. The board may opt to require individual owner policies with 67% member approval.

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.