Lochridge Lakeside Condominium
You own a unit plus a share of the common elements; the association maintains the building and grounds.
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What Lochridge Lakeside Condominium's governing documents say
Lochridge Lakeside is a condominium community in Cary, NC — you own your individual unit plus an undivided share of the common property, and the association manages the building and common areas. This declaration is the governing rulebook for unit owners, covering everything from leasing and pets to maintenance and insurance.
- What you own & maintain: You own the interior of your unit (walls, floors, ceilings, windows, doors) and must maintain it, including appliances and exterior surfaces. The association maintains all common property, including structural elements and shared utilities.
- Leasing & rentals: Leases must be in writing for at least 30 days, and units cannot be used for transient hotel or commercial purposes. Leases must state they're subject to the declaration and association rules.
- Pets: Dogs, cats, or other household pets are allowed in units, but not for commercial purposes. Animals must be leashed on common areas, and the association can prohibit animals in common areas.
- Architectural review: You need written association approval for any structural modification, exterior changes (including painting, antennas, or anything protruding), or alterations to common or limited common areas like patios or balconies.
- Parking & vehicles: No boats or trailers may be parked in common areas except in designated areas. The association can assign parking spaces and make rules about common area use.
- Assessments & fees: The association levies assessments for common expenses, including insurance and maintenance. Unpaid assessments can lead to suspension of voting rights and use of recreational facilities.
- Insurance: The association carries casualty and liability insurance on the buildings and common areas, with at least $1,000,000 in liability coverage. Unit owners can buy their own insurance for personal property and liability.
- What this document doesn't cover: This excerpt doesn't specify assessment amounts, pet limits, or age restrictions. It also doesn't detail the association's rules on guests or recreational facilities.
Key facts from Lochridge Lakeside Condominium's documents
- Community type
- Condominium (Article I, III, IV)
- Legal name
- Lochridge Lakeside Condominium Association, Inc. (Article X)
- Units / lots
- 12 in Phase I; up to 90 maximum if all phases built (Article I: 'twelve (12) condominium livi)
- Governing law
- Chapter 47C of the North Carolina General Statutes (North Carolina Condominium Act) (Article I)
- Assessments & dues
- Initially set by Board based on annual budget; maximum per Exhibit C; thereafter may increase up to 10% per year without vote. (Article XXIV-E, F)
- Special assessments
- Allowed with assent of Unit Owners owning 2/3 of Common Areas, voting in person or by proxy. (Article XXIV-C)
- Collections & liens
- Association has lien on unit for unpaid assessments, interest, costs, attorneys' fees; lien may be foreclosed like mortgages; subordinate to first mortgage; recorded after 30 days; extinguished if suit not brought within 3 years. (Article XXIV-L, M)
- Reserves & fees
- Capital Improvement Fund for replacement of Common Property; amount set by Board; interest may be used for operations. (Article XXIV-G)
- Pets
- Yes, dogs, cats or other household pets may be kept within a unit, not for commercial purposes. (Article XII-2)
- Parking & vehicles
- Parking in spaces assigned by Association; no boats or trailers except in designated area; garages and carports are Limited Common Elements assigned to specific units. (Article VII; Article IV-C)
- Fences
- Construction of fences requires written consent of Association. (Article XVI: 'including the location or )
- Architectural approval
- Yes, for structural modifications, exterior alterations, and changes to Common Property; plans and specifications must be submitted to Board. (Article XVI)
- Home business
- Prohibited; commercial purposes not allowed. (Article XI: 'No Owner ... shall permit t)
- Signs & flags
- Developer allowed sales signs until all units sold or Dec 31, 1994; otherwise, any exterior alteration (including signs) requires written consent. (Article XI; Article XVI)
- Use restrictions
- Each Condominium Unit restricted to residential use by owner, family, invitees, lessees; no transient hotel or commercial purposes. (Article XI)
- Voting & meetings
- Each Unit Owner becomes member automatically upon acquisition; voting rights may be suspended for non-payment or for infractions up to 60 days. (Article X; Article XII-3)
Related associations
Nearby (within 500 m): Windsong Homeowners Association Inc · Hampton Park Townhomes · Wellington Ridge Condominium Association · Hampton Park Townhome Association · Loch Bain Homeowners Association Inc · Townhome Association Williamsburg Commons · Townhome Assocation Of
About this HOA
Lochridge Lakeside Condominium is a homeowners association in Cary, NC.
HOAproxy has 1 document on file for Lochridge Lakeside Condominium: 1 CC&R. Last updated 2026-06-10.
Governing documents
- DOCC262550 (75 pages) — PDF