South Oak Plaza Condo
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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.
- Use restriction (commercial only): All units and common elements must be used for commercial purposes only, as allowed by zoning. No unit may be used as a restaurant, cafeteria, food market, coffee house, brewery, tavern, bar, or any food preparation business, nor as a pet store.
- What you own & maintain: You own your unit's interior surfaces, window glass, bathroom fixtures, the rear concrete platform, and the individual air conditioning compressor. The association maintains the common elements, including the parking area and marquis sign.
- Pets & animals: No animals of any kind (including household pets, livestock, or poultry) may be raised, bred, or kept in any unit or common elements.
- Signs & advertising: A marquis sign with six 3'x6' spaces per side is provided for business advertising; Unit One gets two spaces. Each unit may also place a sign on its entrance door. No other signs are allowed without board approval.
- Assessments & fees: Each unit owner pays regular and special assessments pro rata based on undivided interest (Unit One: 28.5714%; others: 14.2857% each). Initial purchasers pay a $400 capital contribution at closing, non-refundable.
- Insurance: The association carries casualty and liability insurance (minimum $1,000,000 per occurrence). Each unit owner must obtain personal insurance covering at least $500,000 in property, business, and liability coverage.
- Leasing & rentals: Any lease of a unit is subject to the condominium documents and board rules. No minimum lease term is specified in this document.
- Parking & vehicles: The entire parking area is a common element maintained by the association. No obstruction or storage on common elements is allowed without board consent, including inoperable vehicles, boats, motor homes, commercial vehicles, and campers.
Key facts from South Oak Plaza Condo's documents
- 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)
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
- B2491 P1208 (26 pages) — PDF