Townhomes at Hearthside

What Townhomes at Hearthside's governing documents say

Townhomes At Hearthside is a townhome community in Wilmington, NC, where you own your lot and dwelling (a townhome) and share ownership of common areas through a homeowners association. The declaration establishes the association, property rights, assessments, insurance, architectural control, and party wall rules that bind all owners.

• What you own & maintain: You own your lot and the townhome on it. The association maintains the common areas and exterior of the townhomes, and you are responsible for interior maintenance and party wall repairs shared with neighbors.
• Assessments & fees: Annual assessments start at a maximum of $800 per lot, can increase up to 5% per year without a vote, and up to $850 initially. Special assessments for capital improvements require a two-thirds vote of each membership class. A one-time working capital assessment of $100 is due at closing.
• Architectural review: No exterior changes, additions, or new structures may be built without written approval from the board or an architectural committee. Plans must be submitted and approved within 30 days, or approval is deemed given.
• Party walls: Walls built on lot dividing lines 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 (at least $1,000,000 per occurrence) on the common areas and property, with premiums paid as a common expense. Insurance proceeds are used for repair or reconstruction.
• Leasing & rentals: Owners may rent their lots, but the board may recommend rental agents. Rental agreements must comply with the declaration, bylaws, and association regulations. No rental pooling is allowed.
• Voting & membership: Each lot owner is a member of the association with one vote per lot. The developer holds Class B membership with three votes per lot until December 31, 1997, or when Class A votes equal Class B votes.
• What this document doesn't cover: This declaration does not specify pet restrictions, age restrictions, parking rules, or detailed use restrictions for lots beyond architectural control. Those may be in separate bylaws or rules.

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.