Yester Oaks

What Yester Oaks's governing documents say

Yester Oaks is a standard single-family home HOA in Wilmington, NC. You own your lot and house; the association maintains common areas and enforces rules. All owners are automatically members and pay assessments.

• What you own & maintain: You own your lot and single-family dwelling. The association maintains common areas (open space, streets) and carries master liability insurance of at least $1,000,000. Each owner pays 1/14th of common expenses and must maintain their own landscaping.
• Assessments & fees: Annual assessments cover common area maintenance plus 5% inflation buffer. Maximum annual increase without membership vote is 10%. A working capital assessment equal to two months' estimated assessment is due at closing. Special assessments for capital improvements require 2/3 owner vote. Unpaid assessments accrue 12% annual interest and become a lien on the property.
• Architectural review: Any new structure, fence, wall, or exterior alteration requires prior written approval from the Board or an architectural committee. Plans are deemed approved if not acted on within 30 days. Minimum enclosed dwelling area is 1,690 square feet (excluding garage, decks, porches). Exterior must be completed within 12 months of starting construction.
• Use restrictions: Lots are for single-family residential use only. No noxious activities, junk vehicles, or for-sale signs (except by Declarant). Temporary structures, recreational vehicles (boats, campers, trailers) are not allowed unless stored out of sight in a garage. Pets (dogs, cats) allowed but must be leashed and not for commercial purposes.
• Parking & vehicles: Each lot must provide off-street parking for at least two cars, constructed of concrete, brick, or asphalt. On-street parking is limited to guests. Inoperable or unregistered vehicles are prohibited and may be towed at owner's expense.
• Leasing & rentals: Owners may lease their lot, and tenants have use of common areas. No specific lease term minimum is stated. Tenants must comply with all covenants.
• Amendments & Declarant rights: Covenants may be amended by 67% of lot owners. Declarant retains the right to amend without other owners' consent as long as Declarant holds 67% of votes. Stormwater permit provisions cannot be altered without state consent.

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.