Landings of North Ridge Homeowners

What Landings of North Ridge Homeowners's governing documents say

This is a third amendment to the Declaration of Covenants, Conditions and Restrictions for The Landings of North Ridge, a single-family HOA in Raleigh, NC. It adds a new Section 18 on leasing, which applies to all lot owners in the community.

• Leasing & rentals: Owners must have lived in their home for at least 12 months before leasing, and no more than 10% of lots can be leased at any time. Leases must be in writing, for at least 12 months, and cover the entire lot (no room rentals). Short-term rentals like Airbnb are prohibited.
• Leasing permits: Owners must apply for a one-year Leasing Permit from the Board, which can be renewed once. If the 10% cap is reached, owners are put on a waiting list. Hardship permits may be granted at the Board's discretion for up to one year.
• Permit revocation: A permit is automatically revoked if the owner doesn't lease within 90 days, has a 90-day gap in leasing, sells the home, or tells the Board they no longer want to lease.
• Lease documentation: Owners must give tenants a copy of the HOA documents, get a signed statement from them, and file the lease with the Board within 30 days of signing or move-in.
• What this document doesn't cover: This is only an amendment adding leasing rules. It does not cover other HOA rules like architectural review, pets, parking, or assessments, which are in the original Declaration and other 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.