Hale Property Owners Association Inc

What Hale Property Owners Association Inc's governing documents say

This is a legal agreement (an easement and amendment to a real estate purchase agreement) from 1995, not a set of community rules. It involves Hale Property Owners Association, Inc., a North Carolina non-profit, and other parties, and it concerns the dedication of land for a roadway to the Town of Garner. It is not a governing document for homeowners; it is a specific transaction document.

• What this document is: This is a 'First Amendment' to a 1995 real estate purchase agreement, combined with an easement. It allows Telerent Leasing Corporation to construct a roadway on property owned by the Hales, Hale Associates, and the Association, and to dedicate that land to the Town of Garner.
• Who is bound: The parties are Telerent Leasing Corporation, Aaron M. Hale and Anne S. Hale, Hale Associates (a general partnership), and Hale Property Owners Association, Inc. The document binds these parties, not individual homeowners or residents.
• Purpose of the easement: The easement grants Telerent the right to go onto the property to construct the roadway, including a temporary 15-foot buffer on either side. The easement ends once the roadway is completed, the plat is recorded, and the Town of Garner accepts the roadway.
• Purchase price and conditions: Telerent will pay $55,850.00 to the Hales (who keep the $1,000 earnest money deposit) once the plat is fully executed and Telerent has a construction contract. The funds are held in an interest-bearing account until those conditions are met.
• What this document doesn't cover: This document does not contain any community rules, restrictions, fees, or homeowner obligations. It is not a declaration of covenants, conditions, and restrictions (CC&Rs) or a rulebook for the association. It only addresses the roadway dedication and related land transaction.

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.