Townhomes at 1010 Pine Grove Road

What Townhomes at 1010 Pine Grove Road's governing documents say

This is the Declaration of Covenants, Conditions and Restrictions for Townhomes at 1010 Pine Grove Road, a planned community in Wilmington, NC. It governs the rights and obligations of lot owners in this townhome community, including property rights, assessments, and insurance.

• What you own & maintain: You own your lot and the dwelling on it. The association maintains common elements (e.g., private roads, stormwater ponds) and limited common elements (exterior of dwellings, yards, but not privacy-fenced areas).
• Assessments & fees: Owners must pay annual assessments, special assessments, insurance assessments, ad valorem tax assessments, and working capital assessments. Assessments are a lien on the lot and a personal obligation of the owner when due.
• Developer rights: The developer retains special declarant rights, including the right to annex additional property, amend the declaration without owner approval in certain cases, and control the board during the declarant control period (until December 31, 2012, or earlier).
• Insurance: The association must maintain casualty and liability insurance on common elements (minimum $1,000,000 liability). Owners are insured persons under the master policy. Insurance proceeds are held in trust for repairs or distribution.
• Architectural control: An Architectural Control Committee, initially controlled by the developer, oversees architectural matters. Specific rules are not detailed in this excerpt.
• Easements & access: The association and developer have easements for utilities, maintenance, and emergency access over lots and common elements. Owners cannot obstruct these easements.
• What this document doesn't cover: This excerpt does not include specific rules on leasing, pets, parking, age restrictions, or rental caps. Those may be in later articles or separate documents.

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.