Downey Branch Office Condominiums

What Downey Branch Office Condominiums's governing documents say

Downey Branch Office Condominiums is a commercial condominium community in Wilmington, NC — you own an office unit and share ownership of the building's common areas, which the association maintains and insures. This document is the original 1984 declaration for Phase 1 (12 units), with a reserved right to add up to 12 more units in a future phase. Units are for office use only, not residential.

• Permitted use: Units may be used only for office purposes and incidental or accessory uses. No residential, immoral, offensive, or unlawful use is allowed.
• What you own & maintain: You own the interior finished surfaces of your unit (walls, floors, ceilings), non-load-bearing interior walls, interior doors/windows, and certain HVAC and utility lines within the unit. You must maintain the interior, including all appliances and equipment, at your own expense. The association maintains all common areas and limited common areas (e.g., ground-floor entrance halls shared by two units).
• Pets: No animals, domesticated or otherwise, may be kept in any unit or common areas without the prior written consent of the association.
• Leasing & rentals: The document does not address leasing restrictions or minimum lease terms.
• Architectural review: No structural modifications or alterations to a unit are allowed without the association's written consent. No exterior changes (painting, antennas, air conditioning units protruding through walls/roof, fences, planting) are allowed without written consent. No signs or window displays visible from the exterior or hallways are allowed except as approved by the association.
• Common expenses & assessments: Each unit owner's share of common expenses is 8 1/3% (1/12), based on the undivided interest in common areas. Assessments are levied per unit to cover maintenance, repairs, insurance, and reserves.
• Insurance: The association carries casualty insurance on the buildings and common property, and public liability insurance. Premiums are a common expense. Unit owners may obtain their own insurance for their unit and personal property.
• What this document doesn't cover: This document does not include the association's bylaws, rules and regulations, or any later amendments. It does not specify parking rules, lease restrictions, or age restrictions. It is the original declaration for Phase 1 only; future phases may add units and change ownership percentages.

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.