Buckhaven Homeowners Association Inc

What Buckhaven Homeowners Association Inc's governing documents say

This is an amendment to the master declaration of covenants for Buckhaven, a single-family HOA subdivision in Wake County, NC. It adds a new section specifically governing the leasing of lots, so it's a partial document that updates the community's rules on rentals.

• Leasing & rentals: All leases must be in writing, for at least 12 months, and cover the entire lot. Sub-leasing is prohibited, and tenants must comply with all HOA rules; the HOA may require renters insurance.
• New owner waiting period: If you buy a lot after this amendment is recorded, you cannot rent it out until you've owned it for at least 24 consecutive months. Inheriting a lot or transferring to an entity you control doesn't reset the clock, but an illegal lease pauses it.
• Rental cap: No more than 5% of all lots in the association may be leased at the same time. Occupancy by the owner, spouse, or relatives doesn't count as leasing. The HOA can create waitlists and limit renewals to enforce this cap.
• Approval & paperwork: Before any new lease or renewal, you must get written approval from the HOA board, and you must provide a copy of the lease and tenant contact info within 7 days of renting or renewing. Existing leases at the time of recording must also be submitted within 7 days.
• Hardship waivers: The board can grant a one-year waiver from these leasing rules for financial hardship, medical issues, military deployment, or job transfer, at its sole discretion.
• What this document doesn't cover: This is only an amendment adding lease restrictions. It doesn't cover other HOA rules like architectural review, maintenance obligations, assessments, or pet policies—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.