Riverlake

What Riverlake's governing documents say

Riverlake is a planned community in Bolivia, NC, governed by a Master Declaration that applies to all lots and common areas. It is a standard single-family HOA with both attached and detached homes, and it may include sub-associations for specific neighborhoods. The rules bind all lot owners and residents.

• Leasing & rentals: Leases must have a term of at least six months; short-term or transient rentals (e.g., hotel use) are prohibited. A copy of each lease must be submitted to the Association.
• Architectural review: No exterior changes, additions, or major landscaping may be made without prior written approval from the Declarant (or later the Association). Plans must be submitted; approval is deemed denied if not acted on within 30 days. A review fee up to $150 may be charged.
• Use restrictions: Lots are for residential use only. No commercial activity is allowed except for sales offices, model homes, and construction-related uses by the Declarant. Fences, signs, antennas, and swimming pools are subject to specific rules.
• Assessments & fees: Annual assessments begin the month after a lot is subjected to the Declaration. Special assessments require Declarant approval and a majority vote of non-Declarant owners. Unpaid assessments incur late charges, interest (up to 18% per year), and may become a lien on the lot. A $500 working capital contribution is due at first sale of a built lot; a $1,000 operating capital payment is due from builders at lot sale.
• Maintenance responsibilities: Owners must keep their lots and improvements in good repair. If an owner fails to maintain, the Association may enter, perform the work, and charge the owner plus a 15% surcharge. The Association maintains common areas and carries liability insurance.
• Parking & vehicles: Parking, driveways, and parking pads are regulated; abandoned vehicles are prohibited. Specific rules are detailed in Article X, Section 5.
• Pets & animals: Animals are subject to restrictions detailed in Article X, Section 6. The document does not specify a numeric limit on pets.
• What this document doesn't cover: This is a master declaration; specific neighborhood or sub-association rules (e.g., townhome-specific restrictions) may be in separate documents. Age restrictions, income limits, and rental caps are not addressed.

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.