Olderaleighvilla

What Olderaleighvilla's governing documents say

Olde Raleigh Villas is a cluster-unit development in Raleigh, NC, with a master association (Olde Raleigh Villas Owners Association) and sub-associations for townhomes and condominiums. This declaration governs all owners—whether they own a condominium unit, townhome, or single-family detached home—and covers common areas, assessments, and use restrictions. It is a full rulebook for the community, not a partial document.

• What you own & maintain: You own your lot (condominium unit, townhome lot, or detached home) and share ownership of common elements—roads, walkways, amenities—maintained by the association. The association also carries liability insurance (at least $1M per occurrence) and may provide cable or central antennas.
• Assessments & fees: Annual assessments fund common expenses, with a maximum of $300 per lot through 1996, then adjustable annually by the board up to 10% or CPI, whichever is greater. Special assessments for capital improvements require a 2/3 vote, except the board can levy up to $500 per lot once every three years without a vote. New owners pay two months' assessment as working capital.
• Leasing & rentals: The declaration does not restrict leasing terms or require board approval for rentals, but owners may delegate their common-area use rights to tenants. Tenants must follow all rules, and owners are responsible for their conduct.
• Pets: Dogs, cats, pet birds, and other household pets are allowed, provided they are not kept for commercial purposes, are controlled per local ordinances, and do not create a nuisance. No livestock or poultry.
• Parking & vehicles: Boats, trailers, campers, motorhomes, trucks, and tractors cannot be parked on lots, common areas, or streets unless inside an enclosed garage or in a designated storage area. Delivery and maintenance vehicles are allowed.
• Architectural & exterior rules: No exterior antennas or satellite dishes for commercial broadcasts are allowed; other antennas need board approval. Clotheslines require board consent. Mailboxes and other receptacles need approval. No alterations to common elements without written consent.
• Use restrictions & conduct: Property is residential only; no business, industry, or commercial activity (except developer sales). No obnoxious or offensive activity, no firearms discharge or hunting, no temporary structures (except during construction), and no signs except 'For Sale'/'For Rent' signs placed per rules.
• What this document doesn't cover: This excerpt does not include specific architectural review procedures, rental caps or lease minimums, age restrictions, or detailed amenity rules—those may be in separate bylaws or sub-association 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.