Atlantic Park Office Center

Key facts from Atlantic Park Office Center's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 4.2 (Name: Atlantic Park Office )

Legal name

Atlantic Park Officeowners' Association, Inc. (Section 1.3; also see Rules & Regulation)

Units / lots

Not explicitly stated; two buildings with multiple suites per Exhibit B (Article III, Exhibit B)

Developer / declarant

Atlantic Park, LLC (Preamble, Signatures)

Governing law

North Carolina Condominium Act (Chapter 47C NCGS) (Preamble and Section 1.1)

Assessments & dues

By the Board upon approval of annual budget; manager may recommend budget (Section 9.7)

Collections & liens

Unpaid assessments become a lien after 30 days when filed; foreclosure by suit; attorney fees up to 5% of sale price; receiver allowed (Section 8.2)

Leasing & rentals

Yes, with restrictions (Section 7.9)

Maintenance

Association (part of Common Elements) (Section 9.1(A))

Use restrictions

General office and flex space only; prohibited uses include funeral homes, veterinary clinics, massage parlors, adult book stores, hotels, game rooms, laundromats, taxicab stands, music studios, schools, residential uses, gun shops; no immo (Section 7.4(A)(B))

Voting & meetings

Allocated according to area of each Unit relative to total area of all Units (Section 4.5)

Amendments

By affirmative vote of 75% of Unit Owners, recorded in Wake County Register of Deeds (Article XV)

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