Thea Lane Condominiums

What Thea Lane Condominiums's governing documents say

Thea Lane Condominiums is a small condominium community in Raleigh, NC, with seven units in three buildings. This declaration establishes the condominium form of ownership, defining what each unit owner owns and what is shared, and sets rules for leasing, pets, and other aspects of living here.

• What you own & maintain: You own your unit's interior (from the subfloor up to the ceiling, inside the walls) and must maintain it, including appliances, interior surfaces, and doors/window frames. The association maintains all common property, including exterior walls, roofs, and shared utility lines.
• Leasing & rentals: You may lease your entire unit, but not just part of it. Leases must be in writing, must state they are subject to this declaration, and must include a provision that tenant violations are a lease default. There is no minimum lease term stated.
• Pets: The declaration does not mention pets, so no pet rules are included here.
• Alterations & approvals: You need written association approval for any structural modification to your unit, any exterior changes (like painting, antennas, or awnings), and any changes to common property or limited common areas (like fences or landscaping).
• Assessments & fees: The association levies assessments to cover common expenses, paid in monthly installments. Assessments are uniform and based on your unit's percentage interest in common property. The board sets an annual budget, and increases above the Consumer Price Index require majority owner approval. Delinquent assessments accrue interest and can lead to a lien on your unit.
• Insurance: The association carries master casualty and liability insurance on the buildings and common property. Each unit owner must carry personal liability insurance of at least $100,000 per occurrence and insure their own unit and personal property.
• Use restrictions: Units are for residential use only. No immoral, illegal, or nuisance activities are allowed, and you must comply with all laws and zoning. You cannot subdivide your unit or separately convey your common property interest.
• What this document doesn't cover: This excerpt does not include rules about parking, pets, age restrictions, or rental caps. It also doesn't specify the amount of assessments or the association's budget figures.

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.