Olde Raleigh Commons

What Olde Raleigh Commons's governing documents say

Olde Raleigh Villas is a condominium community in Raleigh, NC, where you own your unit and share ownership of common elements. This document is the consolidated declaration that sets out the rules for unit owners, including leasing, pets, and alterations. It is part of a larger master-planned community with a separate homeowners association.

• What you own & maintain: You own your unit and an undivided interest in the common elements. You are responsible for maintaining your unit's interior and limited common elements like balconies, patios, and parking spaces, while the association maintains the common elements.
• Leasing & rentals: Units cannot be leased for less than six months initially, and no hotel or transient rentals are allowed. You cannot lease just a portion of your unit, and all leases must be in writing and require compliance with the rules.
• Pets: Pets are allowed in units, but must comply with the rules and regulations attached to the declaration.
• Alterations & exterior changes: You can make interior changes that don't affect structure or systems, but structural changes, exterior alterations (like painting or adding antennas), and changes to common elements require association approval.
• Parking & vehicles: Parking spaces are limited common elements assigned to units. Until assigned, parking is first-come, first-served, and no owner can park more than one vehicle on common parking without board consent.
• Assessments & fees: The association levies assessments for common expenses, and you are responsible for paying your share. The declaration also mentions a separate master association with its own dues.
• What this document doesn't cover: This excerpt does not include the full rules and regulations (Exhibit D), the specific unit descriptions, or the allocated interest percentages. It also doesn't cover the master association's rules or any age restrictions.

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.