211 Racine

What 211 Racine's governing documents say

211 Racine is a commercial condominium in Wilmington, NC — you own an office unit and share ownership of the building's common elements. The association maintains the common areas and carries master insurance, funded by assessments based on unit square footage. This document is the full declaration of condominium, binding all unit owners.

• What you own & maintain: You own your unit's interior (walls, floors, ceilings, finishes) and are responsible for its maintenance, including HVAC, appliances, and interior surfaces. The association maintains the common elements (structure, roof, common areas) and carries master casualty and liability insurance.
• Permitted use: Units may only be used for office purposes — no residential use, restaurants, or living quarters. No timeshare use is allowed.
• Leasing & rentals: You may lease your unit, but leases must be in writing, approved by the association, and include tenant compliance with association documents. A copy of each lease must be provided to the association.
• Alterations & signage: Structural modifications, exterior changes, and improvements to limited common elements require prior written association consent. Signage is allowed on common elements or entry doors with association approval, limited to 18" x 24", and may be removed by a two-thirds vote of directors and members.
• Insurance: The association maintains casualty insurance on the building and common elements (at least 80% of replacement value) and liability insurance. Unit owners may obtain their own insurance for their unit, personal property, and liability.
• Assessments & common expenses: Common expenses are allocated to units based on square footage (see Exhibit C). The association can levy assessments to cover expenses and reserves.
• Master association: The condominium is subject to a master association, Racine Business Court POA, Inc., which may impose additional rules or assessments.

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.