Olivet

Key facts from Olivet's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Homeowners Association) (Throughout document)

Developer / declarant

Olivet38, LLC (Page 1 of Declaration (BK 2378 PG 111))

Governing law

North Carolina Planned Community Act (Chapter 47F of NC General Statutes) (Article I, Section 1)

Special assessments

May be levied with 50% vote of each class; Board may declare without vote unless 90% reject; limit $1,000 per Lot except for stormwater or street repairs; max once every 3 years; not levied against Builder or Declarant Lots (Article V, Section 5)

Reserves & fees

Monthly late charge as Board establishes; if unpaid after 30 days, interest at up to 18% per annum (Article V, Section 7)

Pets

Dogs, cats, other household pets allowed; not for commercial purposes; Board may limit number; must be kept on Lot in fenced/secured area (Article XI, Section 7)

Leasing & rentals

Yes, with minimum 12-month lease term; must be in writing and contain provision binding tenant to Declaration; copy to Association (Article III, Section 3)

Home business

Home office allowed within dwelling; retail/commercial customers prohibited; no business activity outside dwelling (Article XI, Section 1)

Signs & flags

One for sale/rent sign (max 10 sq ft); political signs (max 10 sq ft, may be placed 60 days before election, removed within 2 days after). Also regulates US and NC flags (header). (Article XI, Section 9; Document header)

Setbacks / home size

Dwelling must be within building envelope on recorded plats or as per Franklin County Zoning Ordinance (Article XI, Section 3)

Use restrictions

All Lots for residential purposes; Declarant/Builder may use as temporary sales office and model home (Article XI, Section 1)

Amendments

During Declarant Control Period, Declarant may amend without consent to conform to law; otherwise, first 25 years requires 60% of Lots; thereafter 50%; must be recorded (Article X, Section 3)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.