Richland Run Condominium Association, Inc.

What Richland Run Condominium Association, Inc.'s governing documents say

Richland Run is a condominium community in Raleigh, NC, established in 1985 under the North Carolina Unit Ownership Act. It consists of an 18-unit building (Phase I) with plans for additional phases. This declaration governs the rights and responsibilities of unit owners, the association, and residents.

• What you own & maintain: You own your unit's interior (walls, floors, ceilings, windows, doors, and interior walls), but not load-bearing walls or exterior surfaces. The association maintains and repairs all common areas, including roofs, exterior walls, and shared systems. You are responsible for maintaining your unit's interior and any HVAC components that serve only your unit.
• Assessments & fees: Each unit owner pays a monthly assessment for common expenses, based on their percentage interest in the common areas. The association can also levy special assessments (with 51% owner approval) for unexpected expenses. At the initial sale, the developer collects a two-month assessment as a one-time fee.
• Leasing & rentals: The declaration does not restrict leasing, but all leases must comply with the declaration, bylaws, and association rules. Tenants are subject to the same rules as owners.
• Pets: The declaration does not mention pet restrictions, so pets are likely allowed unless the association's rules or bylaws say otherwise.
• Parking & vehicles: Parking spaces are common areas, but the board may assign specific spaces to units. The board can prohibit or regulate boats, trailers, campers, and certain trucks/vans, subject to Raleigh city code.
• Insurance: The association must maintain master fire, liability, and fidelity insurance. Unit owners are responsible for insuring their own personal property and any improvements, and may need additional coverage for fixtures financed by a mortgage.
• What this document doesn't cover: This excerpt does not include the full bylaws, rules and regulations, or details on architectural review, age restrictions, or rental minimums. It also doesn't specify pet rules or lease terms beyond general compliance.

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.