Silver Lake Master Association Inc

What Silver Lake Master Association Inc's governing documents say

This is an annexation declaration that adds a parcel called Silver Lake Bluffs to the existing Silver Lake master-planned community in Raleigh, NC. It binds the owners of lots in the annexed area to the community's master declaration and creates a sub-association (Silver Lake Bluffs Association) for townhome owners. The document focuses on stormwater assessments, townhome-specific rules, and private street maintenance, not a full set of community rules.

• What this document covers: This is a partial document—an annexation declaration—that adds new property to the existing Silver Lake master declaration. It does not contain the full set of community rules; those are in the master declaration referenced but not included here.
• Stormwater assessments: Owners in the annexed area pay an initial stormwater assessment of $113.18 per lot per year for Phase 2 control measures, plus $112.11 per lot per year for the Silver Lake dam maintenance. These amounts may change as more lots are developed or costs change.
• Townhome association & common areas: Townhome open space and private streets are owned or maintained by the Silver Lake Bluffs Association, a sub-association of the master association. Open space must be preserved for owners' benefit and cannot be subdivided or conveyed except under strict conditions.
• Common party walls: For townhomes sharing party walls, each owner is responsible for routine maintenance of their interior side, but the cost of repairing or restoring a shared wall is split proportionally between the owners who share it. If one owner's negligence causes damage, that owner bears the full cost.
• Private streets: Private streets in the community are not maintained by the city or state; the townhome association and owners are responsible. The city is not liable for emergency service failures due to access issues on these private streets.
• Use restrictions: Garages cannot be enclosed as living space. Parking on private streets is prohibited and violators may be towed and fined. There are limits on impervious surfaces per block and on the recreation area, requiring city permits to exceed them.
• What this document doesn't cover: This document does not include general rules about pets, leasing, architectural review, or other typical HOA restrictions. Those would be in the master declaration, which is not provided here.

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.