Holly Brook Homeowners Associ Inc

What Holly Brook Homeowners Associ Inc's governing documents say

This is an amendment to the Declaration of Covenants, Conditions and Restrictions for Holly Brook, a single-family homeowners association (HOA) in Cary, NC. It adds new rules about leasing lots, and it applies to all lot owners in the community.

• Leasing & rentals: All leases must be in writing, for a term of at least 12 months, and must state that they are subject to the HOA's governing documents. Sub-leasing is prohibited, and owners cannot advertise or hold out their lot for leases shorter than 12 months.
• New owner waiting period: If you buy a lot after this amendment is recorded, you must own it for at least 24 consecutive months before you can lease it. The waiting period pauses if you lease in violation, and it doesn't reset if you transfer the lot to an entity you control or inherit it.
• Lease approval & paperwork: Before starting any new lease or renewal, you must get written approval from the HOA board. You must also provide the board with a copy of the lease and contact info for yourself and each adult tenant within 7 days of renting or renewing.
• Hardship waivers: The board can grant a hardship waiver from the leasing restrictions in its sole discretion, considering factors like financial hardship, medical issues, military deployment, or job transfer.
• What this document doesn't cover: This is only an amendment to the HOA's declaration; it doesn't include the full set of community rules, fees, or other restrictions. For the complete rules, you'd need to review the original declaration and any other amendments.

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.