Greyhawk Landing Community Association Inc

What Greyhawk Landing Community Association Inc's governing documents say

This is an amendment to the homeowners association declaration for Greyhawk Landing, a single-family subdivision in Cary, NC. It updates the rules on leasing and renting, making the community primarily owner-occupied. The amendment applies to all current and future owners in the subdivision.

• Leasing & rentals: Owners must have lived in their home as their primary residence for at least one year before they can rent it out. After that, they may rent for a maximum of three years total during their ownership, unless the board grants an exception for hardships like military deployment, job loss, or death in the family.
• Lease terms & approval: All leases must be in writing, last at least 12 months, and be subject to the HOA's rules. The lease must be given to the property manager within 5 days of signing and before the tenant moves in. The board has discretion to deny rental permission.
• Corporate ownership restrictions: Corporations, LLCs, and partnerships cannot buy homes to rent them out, unless a natural person who 100% owns the entity lives there as their full-time residence. Trusts are still allowed to own homes.
• What this document doesn't cover: This is only an amendment to the original declaration, so it doesn't include the full HOA rules on things like architectural review, pets, or maintenance responsibilities. Those are in the original declaration and other governing 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.