Oakrun

What Oakrun's governing documents say

Oakrun is a townhome community in Raleigh, NC, governed by a homeowners association (HOA). You own your townhome and lot, but the HOA maintains the exterior and common areas, and you must be a member and pay assessments. This declaration is the full rulebook for owners.

• What you own & maintain: You own your lot and townhome. The HOA maintains common areas, private streets, and the exterior of your home (roof, siding, gutters, etc.), but you're responsible for interior maintenance and for damage caused by your negligence or certain events like fire.
• Assessments & fees: You must pay annual and special assessments. The maximum annual assessment was $330 per lot in 1985, and can increase up to 10% per year without a vote; larger increases need a 2/3 vote. Unpaid assessments accrue 8% interest and can become a lien on your property.
• Architectural review: You must get written approval from the HOA before building, altering, or adding any exterior structure or change. If the HOA doesn't respond within 30 days, approval is deemed given.
• Parking & vehicles: Each home gets at least one assigned parking space, and you can use up to two spaces. The HOA can regulate or prohibit parking of boats, campers, trailers, and commercial vehicles on common areas.
• Use restrictions: Properties must be used only for residential purposes. No obnoxious or offensive activities, and the HOA can make rules about front yards and common areas.
• Party walls: If your townhome shares a wall with a neighbor, repair and maintenance costs are shared proportionally. Disputes go to arbitration.
• Leasing & rentals: This document doesn't restrict leasing or rentals, but you can delegate your common area rights to tenants. Check current HOA rules for any rental restrictions.
• What this document doesn't cover: This declaration doesn't specify pet rules, age restrictions, or rental minimums. Those may be covered in separate HOA rules or amendments.

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.