Beach Road Business Center Condo

What Beach Road Business Center Condo's governing documents say

Beach Road Business Center is a commercial condominium in Bolivia, NC — you own an office or professional unit within a single-story building, and the association maintains the shared structure and grounds. All units are restricted to non-residential use (e.g., medical, legal, banking). This document is the full Declaration of Condominium, which sets the basic rules for ownership, use, and governance.

• What you own & maintain: You own the interior of your unit (including HVAC systems that serve it exclusively). The association maintains all common elements (exterior surfaces, roof, common areas) and limited common elements like exterior doors and windows. You are responsible for repairs inside your unit and for any damage you cause.
• Use restrictions: Units are limited to general office, professional, and institutional uses (e.g., medical, dental, legal, banking). No residential use is allowed. Signage is restricted to lettering on the exterior door or designated limited common areas; no exterior signs without board approval.
• Leasing & rentals: All leases must be in writing and comply with the condominium documents. Tenants must recognize the association as landlord for enforcement purposes. No minimum lease term is stated in this document.
• Pets: This document does not address pets. The association may adopt rules and regulations on this topic.
• Assessments & fees: Common expenses are assessed per unit based on square footage (see Exhibit B). Assessments are due quarterly (or as set by the board) and payable by the 10th of the month. Late payments accrue 12% annual interest. The association has a lien for unpaid assessments.
• Alterations & improvements: No structural changes or exterior alterations without board approval. Interior changes that don't affect structure or mechanical systems are allowed. You may not penetrate foundation, exterior walls, or roof without permission.
• Insurance: The association carries property insurance on the building (replacement cost) and liability insurance (minimum $1 million). You are responsible for insuring your own unit's interior, HVAC, and personal property. Glass breakage from inside or due to negligence is your responsibility (deductible paid to association).
• Parking & vehicles: Parking is provided on the property as a common element. The association may adopt rules for towing, parking violations, and designation of parking areas. No specific number of spaces per unit is stated.

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.