Tiburon Parc

What Tiburon Parc's governing documents say

Tiburon Parc is a single-family home community in Wilmington, NC, governed by a homeowners' association (HOA). The declaration establishes the HOA, sets rules for property use, and outlines owner responsibilities and association powers.

• What you own & maintain: You own your individual parcel (lot) and are responsible for maintaining all landscaping and improvements on it. The association maintains common facilities like roads, stormwater systems, and the pond.
• Architectural review: Any new structure, improvement, or exterior change (including landscaping, fences, and lighting) requires prior approval from the Declarant or the Architectural Review Committee. Repainting to match original plans is exempt. Approval is valid for 365 days.
• Assessments & fees: Annual assessments are set by the board based on each parcel's equivalent share of total acreage. Special assessments for capital improvements require 67% member approval. Late payments incur 18% annual interest and a $25 late fee after 10 days.
• Common facilities & easements: All owners have a non-exclusive right to use common facilities (roads, stormwater pond, etc.). Easements for utilities, ingress/egress, and stormwater are granted across parcels. Owners must allow utility installation with reasonable notice.
• Rules & regulations: The board may adopt reasonable rules for common facility use. Rules must be recorded in minutes and available for owner inspection. Declarant retains veto power over rules during its control period.
• Declarant rights: The developer (Declarant) retains extensive rights, including annexing additional property, entering contracts for the association, and accessing common facilities. These rights continue until Declarant terminates its Class B membership.

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.