Georgetown North Condominiums

What Georgetown North Condominiums's governing documents say

Georgetown North is a condominium community in Raleigh, NC, with 108 units in 15 buildings. You own your unit and an undivided share of the common property, and the association manages the common areas, carries master insurance, and levies assessments. This declaration is the full rulebook for owners, covering maintenance, leasing, pets, and more.

• What you own & maintain: You own the interior of your unit (from subflooring to interior wall/ceiling surfaces), including interior doors, window frames, and panes. The association maintains all common property, including structural elements and shared utilities. You're responsible for repairs inside your unit, including appliances and HVAC, and for maintaining your patio (a limited common area).
• Leasing & rentals: You may lease your entire unit, but not less than the whole unit, and not for transient, hotel, or commercial purposes. Leases must be in writing and state they're subject to the declaration. There's no minimum lease term stated in this document.
• Pets: The declaration does not mention pets or pet restrictions. The association may adopt rules governing use of common property, but no pet limits are stated here.
• Assessments & fees: The association levies assessments on all unit owners, payable monthly or as the board decides. Assessments are based on your unit's undivided interest in common property. The board sets an annual budget, and increases above the Consumer Price Index require majority owner approval. Delinquent assessments accrue interest and can become a lien on your unit.
• Alterations & approvals: You need written association consent for any structural modification to your unit, any exterior changes (including painting, antennas, or anything protruding through walls/roof), and any changes to common property or limited common areas (like fences or landscaping).
• Insurance: The association carries casualty and liability insurance on the buildings and common property. Each unit owner must carry personal liability insurance of at least $100,000 per occurrence, and is responsible for insuring their own unit and personal property.
• Use restrictions: Units are for residential use only. No immoral, improper, offensive, or unlawful use is allowed, and you can't create nuisances or interfere with other owners' peaceful enjoyment.
• What this document doesn't cover: This excerpt doesn't include specific rules about parking, pets, age restrictions, or rental terms beyond the general leasing restrictions. It also doesn't state the current assessment amounts or any amenities. The full declaration includes exhibits (survey, unit interests, bylaws) not shown 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.