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Olderaleightownhome

Raleigh, NC

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What Olderaleightownhome's governing documents say

This is a declaration of covenants, conditions, and restrictions for Olde Raleigh Townhomes, a townhome community in Raleigh, NC. It establishes a homeowners association (the Olde Raleigh Townhome Owners Association) that maintains common areas and exteriors, and it binds all lot owners. The document is part of a larger master-planned community (Olde Raleigh Villas) with a separate master association.

What you own & maintain: You own your townhome lot and share ownership of common elements (streets, utilities, amenities) with other owners. The association handles exterior maintenance of your home (roof, siding, gutters, landscaping) and common areas, but you're responsible for interior maintenance and any damage you cause.
Assessments & fees: You must pay monthly assessments to the association, which started at a maximum of $100 per month in 1996 and can increase annually by up to 10% or the Consumer Price Index, whichever is greater. Special assessments for capital improvements require a two-thirds vote, except the board can approve one special assessment up to $500 every three years without a vote. You also pay two months' assessment as initial working capital when you buy from the builder.
Leasing & rentals: You may lease your townhome, but each lease must be for at least six months. Short-term rentals are not allowed.
Pets: You can keep dogs, cats, or other household pets as long as they're not for commercial purposes, are controlled per local ordinances, and don't create a nuisance.
Parking & vehicles: Each lot gets at least two assigned parking spaces. Boats, trailers, campers, motorhomes, trucks, and tractors cannot be parked on the property or adjoining streets, except in a closed garage if allowed by rules.
Architectural review: Before making any exterior changes (buildings, fences, signs, landscaping, etc.), you must submit plans to the association's board or architectural committee for written approval. Approval is based on harmony of design and location, and can be denied for purely aesthetic reasons. If they don't respond within 30 days, approval is deemed given.
Use restrictions: The property is for single-family residential use only. No businesses, signs (except for sale/rent signs), or activities that increase insurance rates or create nuisances are allowed. Window screens on the front of your townhome are prohibited.
What this document doesn't cover: This is a partial document (excerpt) and doesn't include details on the master association's rules, specific amenities, or the full bylaws. It also doesn't state current assessment amounts 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.

Key facts from Olderaleightownhome's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type: Covenant / Planned Community
Legal name: Olde Raleigh Townhome Owners Association, Inc. (Article I, Section 1)
Developer / declarant: The Barton Corporation, a North Carolina corporation (Preamble)
Assessments & dues: Maximum monthly assessment to and including December 31, 1996: $100.00 per Living Unit (Article IV, Section 3(a))
Special assessments: Association may levy special assessment for capital improvements, extraordinary maintenance, exterior maintenance, fixtures and personal property; requires assent of two-thirds (2/3) of votes of each class of members voting in person or by (Article IV, Section 4)
Collections & liens: Association may bring action at law against Owner personally obligated, plus interest, costs, late payment charges, reasonable attorney's fees, or foreclose lien against Lot; no Owner may waive liability by non-use or abandonment; lien enfo (Article IV, Section 10)
Reserves & fees: Board shall create and maintain a reserve fund for periodic maintenance, repair, and replacement of improvements to Townhome Common Elements and Limited Townhome Common Elements (Article IV, Section 5)
Pets: Dogs, cats or other household pets may be kept or maintained provided they are not kept for commercial purposes, are controlled in accordance with applicable governmental ordinances, and are not a nuisance to other Owners (Article IX, Section 4)
Leasing & rentals: Living Units may be leased, but no Living Unit may be leased for a period of less than six (6) months (Article IX, Section 14)
Parking & vehicles: Each Lot entitled to use of not less than two automobile parking spaces; Association shall permanently assign two vehicular parking spaces per Lot, as near as reasonably possible (Article II, Section 4)
Architectural approval: No site preparation (grading, elevation, tree work) or initial construction, erection, installation of improvements (buildings, fences, signs, walls, screens, plantings, other structures) or exterior addition/change/alteration by any Owner (Article VI)
Home business: No industry, business, trade, occupation, or profession of any kind, whether commercial or otherwise, shall be conducted, maintained, or permitted on any part of Property; except Declarant or agents may use unsold townhome for sales or disp (Article IX, Section 8)
Signs & flags: No Owner shall display to public view any sign, placard, poster, billboard, or identifying name or number upon any Building or common elements, except as allowed by Association pursuant to Bylaws/regulations or required by local governmenta (Article IX, Section 9)
Use restrictions: No portion of Property (except temporary office of Declarant and/or model townhouses) shall be used except for single-family residential purposes and purposes incidental or accessory thereto (Article IX, Section 2)
Voting & meetings: Two classes: Class A (all Owners except Declarant) - one vote per Lot owned; if multiple owners, vote exercised as they determine, but no more than one vote per Lot; fractional voting prohibited. Class B (Declarant) - three votes per Lot ow (Article III, Section 2)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.