Olivet

What Olivet's governing documents say

Olivet is a planned community of detached single-family homes in Knightdale, NC, governed by a homeowners association (HOA). This document is the full Declaration of Covenants, Conditions, and Restrictions (CC&Rs) that binds all lot owners, and it also includes the HOA's architectural request form. It covers what owners must follow regarding property use, assessments, and design changes.

• What you own & maintain: You own your lot and home outright; the HOA maintains common areas (open space, stormwater facilities, and some streets until public acceptance). You must maintain your own property and any common-area easement on your lot, and the HOA can enter to maintain it and charge you if you don't.
• Leasing & rentals: You may lease your home, but leases must be for at least 12 months, in writing, and include a clause binding the tenant to the HOA rules. You must provide a copy of the lease to the HOA. While your home is rented, you lose the right to use common facilities.
• Architectural review: Any exterior change or addition requires prior written approval from the Architectural Committee. The request form requires a plot plan, sketches or photos, and details on materials, size, and location. The committee may enter your property to inspect.
• Assessments & fees: Annual assessments are capped at $500 per lot through 2025, with increases up to 10% per year without a vote (higher increases need 50% owner approval). Special assessments up to $1,000 per lot may be levied for capital improvements, and a one-time $200 working capital fee is due at initial sale. Unpaid assessments become a lien on your property.
• Voting & membership: Every lot owner is a member with one vote per lot. The developer holds 10 votes per lot it owns during the control period (until at least 2034 or later). If you rent out your home, your vote is capped at 49% weight on any matter.
• Common area use & restrictions: Owners and their families, tenants, and guests may use common areas, but the HOA can suspend use for unpaid assessments (after 30 days) or rule violations (up to 60 days). You cannot remove trees, build structures, or plant on common-area easements without HOA consent.
• What this document doesn't cover: This excerpt does not include specific rules on pets, parking, noise, or other day-to-day conduct—those may be in separate HOA rules and regulations not provided here.

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.