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Freddie Mac and FHA loans typically do not require a private road maintenance agreement. However, agreements are required for Fannie Mae and VA loans. USDA loans are determined on a case-by-case basis.
Right of Way Right of Way is responsible for acquisition of all necessary lands and improvements of all roads and highways.
Who maintains right-of-way? Public right-of-way is maintained by a city or the State. Private right-of-way may be maintained by a developer, a homeowner's association, or in the absence of these, by the users of the road.
This may be a Home Owners Association, a road maintenance agreement or an informal understanding. Wake County does not maintain streets. Private streets may have a yellow ?Private Street? label on the sign. The recorded plat for the property usually indicates whether the street is public or private.
The majority of streets in any city are public. If one of these roads needs to be repaired, the government takes care of it. In contrast, a private road is usually for an individual to gain access to a piece of land.
Road maintenance is based on planning and budget allocations. Contact the N.C. Department of Transportation maintenance office in your county to check the status of a planned project or to suggest that a road be paved or resurfaced.
If there are multiple owners to a private road, a Road Maintenance Agreement is most likely needed to stipulate how the private road is going to be maintained. In North Carolina, Road Maintenance Agreements are not required, but are strongly recommended.
Right-of-way. (a) When two vehicles approach or enter an intersection from different highways at approximately the same time, the driver of the vehicle on the left shall yield the right-of-way to the vehicle on the right.