Thefalls

What Thefalls's governing documents say

The Falls is a condominium community in Raleigh, NC — you own your individual unit and share ownership of the common areas (buildings, clubhouse, pools, tennis court) with other unit owners. The association manages the property, maintains common areas, and carries master insurance, funded by assessments on each unit. This document is the declaration that sets up the condominium and its rules.

• What you own & maintain: You own your unit's interior (walls, floors, ceilings) and are responsible for its maintenance, including appliances, plumbing, electrical, and interior surfaces. The association maintains all common property, including structural elements and shared utilities.
• Leasing & rentals: You may lease your entire unit, but leases must be in writing, subject to the declaration, and cannot be for transient, hotel, or commercial purposes. There is no minimum lease term stated, but you cannot lease less than the whole unit.
• Use restrictions & nuisances: Units are for residential use only. No immoral, improper, offensive, or unlawful use is allowed, and you cannot create nuisances (e.g., unreasonable noise) that interfere with other owners' enjoyment.
• Alterations & exterior changes: You need written association approval for structural modifications, exterior changes (painting, antennas, etc.), and any alterations to common or limited common areas (like fences or landscaping). Storm windows, doors, awnings, and enclosures are allowed but must be approved.
• Assessments & fees: The association levies assessments on all units, proportional to your undivided interest in common property. Assessments are due monthly (or as determined) and can include a reserve fund for capital improvements. Increases beyond the Consumer Price Index require majority owner approval.
• Insurance: The association carries casualty and liability insurance on the buildings and common property. You must carry your own personal liability insurance (minimum $100,000 per occurrence) and coverage for your unit and personal property.
• Common areas & amenities: Common property includes the buildings, clubhouse, swimming pools, tennis court, and parking areas. All owners have a nonexclusive easement to use these, subject to association rules, which may include parking assignments.
• What this document doesn't cover: This excerpt does not include specific rules on pets, parking regulations, or age restrictions. It also doesn't state the exact amount of assessments or the association's bylaws (which are referenced but not included).

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.