Governorssquare

What Governorssquare's governing documents say

Governorssquare is a condominium community in Raleigh, NC, with two three-story buildings containing 48 residential units. This declaration establishes the condominium and governs unit owners, who share ownership of common areas and are members of the homeowners association. It covers rules on unit use, assessments, insurance, and other condominium operations.

• What you own & maintain: You own your unit's interior surfaces (walls, ceilings, floors) and any mechanical equipment serving only your unit. The association maintains common elements like the roof, exterior walls, structural components, and central systems. Party walls between units are shared, with repair costs split proportionally.
• Assessments & liens: Each unit owner must pay annual and special assessments to the association. Unpaid assessments become a lien on the unit and a personal obligation of the owner at the time they were due. The association may also collect interest, costs, and attorney's fees. A working capital fund is established, initially funded by the declarant, to cover unexpected expenses.
• Occupancy & use: Units are for residential use only. No more than two unrelated persons over 18 may reside in a unit for more than 30 consecutive days in a year. No noxious or offensive activities are allowed. Pets (dogs, cats, or other household pets) are allowed but must be leashed when outside and not kept for commercial purposes.
• Vehicles & parking: Motorcycles, campers, trailers, and similar vehicles cannot be parked or stored on the premises. Trucks are limited to standard 2-ton or smaller pickup trucks.
• Appearance & modifications: No outside antennas, satellite dishes, or signs are allowed without association permission. Window coverings must comply with association rules. Hardwood or non-resilient floors must have resilient covering (carpet or rugs) over at least 75% of the floor area directly above habitable units below.
• Leasing & rentals: Lease agreements must be in writing and subject to association documents and rules. The declaration does not specify a minimum lease term, but any lease must comply with the association's requirements.
• Insurance: The association must carry casualty insurance at full replacement cost and liability insurance. Unit owners may purchase additional insurance for their personal property and improvements. The association's policies must include waivers of subrogation and cannot be canceled without notice.
• What this document doesn't cover: This excerpt is the declaration of condominium; it does not include the full bylaws, rules and regulations, or any fee schedule. Specific assessment amounts, pet size/breed restrictions, and detailed architectural guidelines are 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.