Carolina Place Office Condominium
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association language present (entity×56, governance×4)
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What Carolina Place Office Condominium's governing documents say
Carolina Place Office Condominium is a commercial office condominium in Wilmington, NC — you own your individual office unit and a share of the common areas, which the association maintains. This document is the full declaration of condominium, binding all unit owners.
- What you own & maintain: You own your unit (interior surfaces of walls, ceilings, floors) and an undivided interest in the common elements. You must maintain your unit's interior; the association maintains common elements and exterior surfaces. No structural additions or exterior alterations without written consent.
- Permitted use: Units may be used only for office and business purposes. No residential use is allowed.
- Leasing & rentals: Leases are permitted, but no minimum term is stated in this document. You may delegate use to tenants, invitees, and guests.
- Signs & exterior displays: No signs (including 'for rent' or 'for sale'), awnings, antennas, or anything hung on exterior walls, doors, or windows without prior written board approval.
- Parking: Parking spaces are in the common area, unassigned, and available to owners, tenants, guests, and invitees without reservation.
- Assessments & liens: Common expenses are shared per the percentage interest in common elements. Unpaid assessments over 30 days accrue interest (up to 1.5% monthly) and become a lien on the unit, enforceable by foreclosure.
- Insurance: The association carries master property and liability insurance on the building and common elements, paid as a common expense. Unit owners may buy additional coverage for personal property and liability.
- Damage & reconstruction: After casualty, common elements are rebuilt unless the condominium is terminated. If more than 2/3 of units are destroyed, owners of 3/4 of units may decide not to rebuild. Assessments may be levied if insurance proceeds are insufficient.
Key facts from Carolina Place Office Condominium's documents
- Community type
- Office condominium (Section 1: name 'CAROLINA PLACE OFFICE C)
- Legal name
- CAROLINA PLACE OFFICE PARK ASSOCIATION, INC. (Section 2.2; Section 10.A)
- Units / lots
- 10 condominium units (Section 3.B: '10 condominium units of 10)
- Governing law
- Chapter 47A of the North Carolina General Statutes (Unit Ownership Act) (Preamble; Section 2.1)
- Assessments & dues
- Manager prepares budget, Board approves, then assessments levied. Assessments for common expenses in proportion to unit's interest (Exhibit D). (Section 12.A; Section 11)
- Special assessments
- Not specifically named, but assessments may be levied for reconstruction/repair when insurance insufficient (Section 16.E). Also, if capital improvement reserve funds not needed, they revert to general operation (Section 10.C(5)). (Section 16.E; Section 10.C(5))
- Collections & liens
- Any sum assessed unpaid over 30 days constitutes a lien upon the delinquent unit when filed of record in New Hanover County pursuant to Article 8 Chapter 44 NCGS. Lien secures reasonable attorney's fees. In foreclosure, owner required to pa (Section 13)
- Reserves & fees
- Assessments for reserve/sinking funds for capital improvements or repairs held by Board for designated purpose only; if contingency does not occur, funds used for general operation; excess assessments used to reduce next year's assessments. (Section 10.C(5))
- Leasing & rentals
- Not expressly prohibited; unit owner may delegate rights of possession, use, enjoyment to invitees, employees, guests, tenants (Section 17.A). (Section 17.A)
- Parking & vehicles
- Parking spaces located in common area, not numbered, available generally for owners, tenants, guests, invitees without reservation or restriction. (Section 8)
- Signs & flags
- Not specifically mentioned; any exterior display requires Board consent (Section 17.C general exterior display restriction). (Section 17.C)
- Setbacks / home size
- Two stories (Section 3.B). (Section 3.B)
- Maintenance
- Part of common elements (exterior) – Association responsibility (Section 12.B). (Section 12.B(1)(a) [implied])
- Insurance
- All buildings and improvements on land and personal property in common elements insured at maximum insurable replacement value (excluding foundation/excavation) or 90% co-insurance, against fire, extended coverage, vandalism, malicious misc (Section 14.B)
- Voting & meetings
- One voting member per unit; total votes = 10; number of votes per unit equals its percentage ownership in common areas (Exhibit D). Votes can be cast by owner or designated proxy; voting by secret ballot allowed upon motion. (Section 10.C(3))
- Amendments
- Not detailed in provided text; By-Laws may be amended (Section 10.E: 'as amended from time to time'). (Section 10.E)
About this HOA
Carolina Place Office Condominium is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Carolina Place Office Condominium: 1 CC&R. Last updated 2026-06-01.