Hollylane

What Hollylane's governing documents say

Hollylane is a small condominium community in Raleigh, NC, with eight residential units in a four-story building. This declaration establishes the condominium regime and the homeowners association, and it binds all unit owners, tenants, and occupants. It covers ownership structure, common areas, assessments, insurance, and use restrictions.

• What you own & maintain: You own the interior surfaces of your unit (walls, ceilings, floors) and a 12.5% undivided interest in the common areas. The association maintains the building's structure, common systems, and common areas, while you are responsible for the cleanliness of your limited common areas (e.g., balcony, parking space, storage room).
• Assessments & fees: Each unit owner must pay annual and special assessments to the association, which are used for common area maintenance, insurance, and other shared expenses. Delinquent assessments become a lien on the unit, and the association can collect interest, costs, and attorney's fees. A working capital fund is initially funded by the declarant and later reimbursed by unit owners.
• Leasing & rentals: Leases must be in writing and subject to the association's rules. The declaration does not set a minimum lease term, but any lease must comply with the governing documents.
• Pets: Dogs, cats, and other household pets are allowed, but not for commercial purposes. Pets must be kept on a leash when outside your unit.
• Occupancy limits: No more than two persons over age 18 who are unrelated by blood or marriage may reside in a unit for more than 30 days in any consecutive calendar year.
• Parking & vehicles: You cannot park or store motorcycles, campers, trailers, or similar vehicles on the premises. Trucks are limited to standard 2-ton or smaller pickup trucks or smaller trucks.
• Noise & nuisance: No noxious or offensive activity is allowed, and nothing may interfere with other owners' peaceful possession of their units.
• What this document doesn't cover: This excerpt is the declaration of condominium; it does not include the full bylaws or any rules and regulations that the association may adopt. It also does not specify the amount of assessments or any architectural review process.

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.