South Oak Plaza Condo

Bolivia, NC

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What South Oak Plaza Condo's governing documents say

South Oak Plaza Condominium is a commercial condominium in Bolivia, NC, with six units. It is governed by a Declaration of Condominium that binds unit owners and occupants. The property is for commercial use only, with specific prohibitions on food preparation businesses and pet stores.

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.

Key facts from South Oak Plaza Condo's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type
Condominium
Legal name
South Oak Plaza Condominium
Developer / declarant
W.R. Schmidt, LLC, a North Carolina Limited Liability Company (Preamble, page 1)
Governing law
North Carolina Condominium Act, Chapter 47C, General Statutes of North Carolina (Article 1, Section 1.1)
Assessments & dues
Each Owner contributes pro rata based on undivided interest as in Exhibit B (percentages listed: Unit 1 = 28.5714%, others = 14.2857%); budget approved by Board deemed approved unless 80% of all Owners vote to reject (Article 3, Section 3.2; Article 14, Sect)
Special assessments
Permitted; Board may levy special assessments for common expenses (Article 6, Section 6.2)
Collections & liens
Unpaid assessments for 30 days become a lien when claim of lien is filed; may be foreclosed (Article 6, Section 6.5)
Reserves & fees
Not specifically named; budget includes reserves for future repair and replacement (Article 3, Section 3.3 (budget categorie)
Leasing & rentals
Any lease of any unit shall be subject to condominium documents and rules and regulations (Article 5, Section 5.3.9)
Parking & vehicles
Entire parking area, including all parking spaces, are Common Elements; Association responsible for maintenance and repair (Article 5, Section 5.8)
Maintenance
Association responsible for management, maintenance, repair, alteration, improvement of Common Elements; Unit Owner responsible for maintenance, repair, replacement of portions within Unit Boundaries (interior surfaces, windows, bathroom fi (Article 1, Section 1.24 (Unit Boundaries)
Insurance
Each Unit Owner must obtain insurance for personal property, business expense, business interruption, Condominium Assessment, personal liability, etc. in amount at least $500,000.00; must contain waivers of subrogation and no contribution (Article 8, Section 8.5)
Voting & meetings
Each Unit assigned one vote, except Unit 1 assigned two votes (Article 3, Section 3.4)
Amendments
Amendment requires affirmative vote of at least 70% of votes in Association; unanimous consent required to change boundaries, allocated interests, use restrictions, increase Special Declarant Rights, increase number of units; Declarant cons (Article 12)

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

About this HOA

South Oak Plaza Condo is a homeowners association in Bolivia, NC.

HOAproxy has 1 document on file for South Oak Plaza Condo: 1 CC&R. Last updated 2026-06-08.

Governing documents

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