Glenlake South Master Owners Association Inc

What Glenlake South Master Owners Association Inc's governing documents say

This is an amendment to the master declaration for Glenlake South, a planned community in Raleigh, NC, with a master owners association. It updates the rental restrictions for all lots in the community, aiming to keep the neighborhood primarily owner-occupied. The rules apply to lot owners, and this document is the full text of that amendment.

• Leasing & rentals: New rental restrictions require that a lot be owner-occupied for at least 12 consecutive months before it can be leased, unless a hardship exception is granted by the board or the owner dies. Leases must be in writing, for a minimum term of 12 months, and cannot be for short-term or transient use (e.g., Airbnb, VRBO). Partial leases or room rentals are prohibited.
• Owner-occupancy requirement: The 12-month owner-occupancy rule applies only to owners who acquire their lot more than 60 days after this amendment is recorded. Current owners as of the recording date are exempt from this requirement. The board can waive it in cases of demonstrated hardship, such as military deployment, job loss, or serious illness.
• Leasing procedures: Owners must get written board approval before leasing, and the board must respond within 15 days. The board can only deny approval if the owner hasn't met the occupancy requirement or is in violation of lease rules. Leases in effect at the time of recording are grandfathered, but owners must request approval within 60 days.
• Lease requirements & tenant obligations: All leases must incorporate the community's declaration, bylaws, and rules, and must include a specific clause requiring tenants to comply with them. Owners must provide tenants with copies of these documents and submit a copy of the executed lease to the board within 15 days. Any lease renewal or new lease also requires board approval.
• Enforcement: Violations of the rental rules can result in fines, damages, legal fees, or injunctive relief. Owners are responsible for their tenants' violations of the community's governing documents.
• What this document doesn't cover: This is only an amendment to the rental restrictions; it does not contain the full set of community rules, such as architectural guidelines, maintenance obligations, or other covenants. Those remain in the original master 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.