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A private road in North Carolina is a roadway that is not maintained by the government and is owned by individuals or a group. These roads are used solely by the designated property holders, and public access is typically restricted. Knowing the implications of a private road versus a public one is essential when considering a Wake North Carolina Road Maintenance Agreement, as it outlines the maintenance and usage responsibilities among owners. This can enhance communication and cooperation within your community.
There is no formal Private Road Maintenance Agreement in place. Private roads can be expensive, and cost thousands of dollars to maintain.
Special Requirements VA Loans: require a recorded maintenance agreement, but this requirement may be waived with VA approval. FHA Loans: do NOT require a private road maintenance agreement. USDA Loans: do NOT require a private road maintenance agreement.
VA Loans: Requires a recorded maintenance agreement but this can be waived with VA approval. FHA Loans: Do NOT require a private road maintenance agreement.
According to the Highway Authority, when a road is private or unadopted, the frontagers are responsible for maintenance and repairs.
Any person owning land over which another or others have a private road or right-of-way may, except when it is otherwise provided by contract, erect and maintain gates across such roads or right-of-way at all points at which fences extend to such roads on each side thereof.
Private roads required to be built to NCDOT standards but not eligible because of too few lots or residences shall be dedicated to the public and shall meet the standards in this chapter.
200b200bThe Division of Highways' Maintenance & Operations Section works to ensure North Carolina's roadways and bridges are properly maintained and running smoothly.
Fannie Mae (Conventional): A Private Road Maintenance Agreement is required. Freddie Mac (Conventional): A Private Road Maintenance Agreement is not required. FHA: A Private Road Maintenance Agreement is not required, however you will be asked to provide a recorded road easement.