Barclay Centre

What Barclay Centre's governing documents say

Barclay Centre is a mixed-use development in Wilmington, NC, governed by a Declaration of Covenants, Conditions, and Restrictions (CC&Rs) recorded in 2023. The document primarily addresses the developer's control over the property, including architectural review, maintenance obligations, and assessments. It is not a typical homeowner association rulebook but a developer-oriented declaration for commercial or mixed-use lots.

• Architectural review: No construction, modification, or change of use is allowed without prior approval by a Committee appointed by the Developer. The review process requires extensive submissions including financial statements, site plans, building plans, and landscaping plans. The Committee may disapprove for any reason, including aesthetic or financial reasons, in its sole discretion.
• Maintenance obligations: Each lot owner must keep their lot and the adjacent street right-of-way well-maintained, including daily litter removal, landscaping, exterior lighting, and repainting. The document does not specify any association-maintained common areas beyond what the Developer may provide.
• Assessments: The Developer may levy annual and special assessments on each lot, with amounts set annually by the Developer. Assessments are based on lot square footage and are due as determined by the Developer. Unpaid assessments bear interest and become a lien on the lot, subordinate to first mortgages.
• Leasing & rentals: Owners may lease their lots, but remain fully responsible for all obligations under the Declaration. Lessees must be identified to the Developer in writing. No minimum lease term is specified.
• Developer control: The Developer retains extensive control, including the right to annex additional property, amend the Declaration for future lots, and appoint the Committee. The Developer may also form an owners association with up to three times the voting power for its own lots.
• What this document doesn't cover: This document does not address residential use restrictions, pet policies, parking rules, age restrictions, or any specific use limitations for lots. It is a developer-oriented framework rather than a complete set of community rules.

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.