Barefoot Square Business Condominium

What Barefoot Square Business Condominium's governing documents say

Barefoot Square Business Condominium is a commercial condominium in Wilmington, NC, with 8 units (numbered 100–170) in a single-story building. It is governed by a unit owners association and is intended for retail or commercial use only. This document is the full declaration of condominium, binding unit owners, tenants, guests, and customers.

• What you own & maintain: You own your unit's interior (walls, floors, ceilings) and are responsible for maintenance and repair within your unit, including HVAC equipment, appliances, and interior surfaces. The association maintains the common elements (building exterior, common areas) and carries master insurance.
• Use restrictions: Units may be used for retail or commercial purposes only. No immoral, improper, offensive, or unlawful use is allowed. No structure or personal property may be placed on balconies or common elements without association consent. Owners must not create nuisances or interfere with other owners' peaceful possession.
• Alterations & signage: Structural modifications, exterior changes (including painting, wiring, antennas), and any alteration to common elements require prior written association consent. Signage on common elements, limited common elements, windows, or doors is limited to 4 square feet total and requires association approval; the association may require removal by a two-thirds vote of directors and members.
• Leasing & rentals: The declaration does not restrict leasing terms or require association approval for leases. However, all use must comply with the commercial purpose and other restrictions.
• Assessments & common expenses: The association levies assessments to cover common expenses, allocated per unit as set forth in Exhibit C. Assessments are binding on unit owners and may include capital improvements. The association has lien and enforcement rights for nonpayment.
• Insurance: The association must maintain casualty insurance (at least 80% of replacement value) and liability insurance on common elements. Unit owners may obtain their own insurance for their unit and personal property. Insurance proceeds are held in trust for repair or reconstruction.
• Reconstruction after casualty: Damaged property must be repaired promptly unless the condominium is terminated, repair is illegal, or 80% of unit owners (including 100% of affected owners) vote not to rebuild. Excess insurance proceeds are distributed to owners proportionally.
• What this document doesn't cover: This declaration does not specify pet rules, parking regulations, age restrictions, or detailed architectural review procedures. Those may be addressed in separate association rules or bylaws.

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.