Jefferson Square Condominiums

What Jefferson Square Condominiums's governing documents say

Jefferson Square Condominiums is a condominium community in Raleigh, NC — you own your unit and a shared interest in common areas. This 1982 declaration establishes that the buildings are for business or office use, not residential. The document outlines the structure of the association, owner responsibilities, and rules covering things like transfers and insurance, but it is an excerpt of the full governing documents.

• What you own & maintain: You own your unit and an undivided interest in common areas, each unit gets a 7.143% share (14 units total). You must maintain the interior surfaces of your unit; the association maintains and insures common elements.
• Permitted use (office/commercial): Buildings and units must be used primarily for business or office purposes — not residential. You may delegate use to tenants, invitees, or employees.
• Transfers & lease restrictions: If you get a bona fide offer to sell or lease, you must first offer it to the board (unanimous consent of other owners required to accept) and then to the declarant (this right lasts 5 years from recording). Gifts to spouse, parents, or lineal descendants are exempt.
• Assessments & fees: Common expenses are shared by unit owners per their percentage interest. Unpaid assessments over 30 days incur interest up to 1.5% monthly and become a lien on the unit. The declarant is not liable for assessments until at least 9 units have been sold.
• Exterior changes & signs: No structures, aerials, signs, or items may be placed on exterior walls, windows, or common elements without the board’s written consent. Temporary contractor shelters are allowed during construction.
• Parking & vehicles: Parking is in common areas, unassigned, with 7 spaces available per unit generally. The association governs parking and may repair streets. No mobile homes, trailers, tents, or sheds are permitted.
• Insurance & damage: The association carries master property and liability insurance on buildings and common elements, paid as a common expense. You may buy your own coverage for your unit. After casualty, the board decides reconstruction; if insurance proceeds are insufficient, assessments fund the work.
• What this document doesn't cover: This excerpt is incomplete — the full declaration includes by-laws and exhibits (unit floor plans, common area percentages, management details) not fully transcribed here. This text also does not contain rules on pets, age restrictions, or specific rental minimum terms (though transfer rules apply to leases).

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.