17th Street Medical Park Condominium

What 17th Street Medical Park Condominium's governing documents say

17th Street Medical Park Condominium is a commercial condominium in Wilmington, NC — you own a unit in a medical office building and share ownership of common elements. The association maintains common areas and carries master insurance, funded by assessments on each unit. This document is the full declaration of condominium, binding all unit owners and occupants.

• What you own & maintain: You own your unit's interior (to bare walls, excluding decoration) and are responsible for its maintenance and repairs. The association maintains and insures common elements, but you pay for damage you or your occupants cause to common elements or other units.
• Permitted uses: Units are restricted to medically related business services, doctors, dentists, labs, clinics, and similar uses, plus any other business approved by the association and allowed by zoning. No advertising signs or nuisances without board approval.
• Leasing & rentals: Leases must be in writing and must state that the lease is subject to the declaration, bylaws, and rules. Lessees must comply with all condominium documents; failure is a lease default.
• Assessments & fees: Annual assessments are levied per unit based on square footage. Unpaid assessments accrue a $150 late fee after 30 days and 18% annual interest, and become a lien on the unit. Assessments are due annually in advance.
• Insurance: The association carries casualty insurance on the property (100% replacement cost) and public liability insurance. Unit owners may obtain their own policies. Nothing may be done that increases insurance rates or causes cancellation without board consent.
• Alterations & common elements: No unit owner or occupant may alter, construct on, or remove anything from common elements without prior board written consent. Unit alterations are subject to the bylaws and state law.
• Access & entry: The association may enter units during reasonable hours with notice for maintenance, and without notice for emergencies. Unit owners must allow other owners entry when reasonably necessary for repairs, with advance notice.
• What this document doesn't cover: This declaration does not specify pet rules, parking restrictions, age restrictions, or rental term minimums. Those may be addressed in the bylaws or rules and regulations.

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.