Eastwood Business Park
association language present (entity×68, governance×4)
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What Eastwood Business Park's governing documents say
Eastwood Business Park is a condominium community in Wilmington, NC, designed for office and business use only — not residential. You own your unit and a share of the common elements, which the association maintains. The developer reserved the right to expand the project up to 40 units, and units may be subdivided into two sub-units.
- Permitted use: All units must be used for office and business purposes only. Residential use is not allowed.
- What you own & maintain: You own your unit's interior surfaces (walls, ceilings, floors). The association maintains the common elements and exterior. You may not alter exterior portions or common elements without written consent.
- Leasing & rentals: Leases are permitted, but must comply with the declaration and bylaws. No minimum lease term is specified in this excerpt.
- Pets: No mention of pets in this excerpt. The document does not address pet restrictions.
- Parking & vehicles: Parking spaces are available generally for owners, tenants, guests, and invitees under rules set by the board. No mobile homes, trailers, or temporary structures are allowed.
- Signs & exterior displays: No signs (including 'for rent' or 'for sale') may be placed on a unit without board permission. Nothing may be hung on exterior walls, doors, or windows without written consent.
- Assessments & fees: Common expenses are shared according to each unit's percentage interest in common elements. Unpaid assessments accrue interest at up to 1.5% per month and become a lien on the unit.
- What this document doesn't cover: This excerpt is the declaration of condominium; it does not include the full bylaws, rules and regulations, or exhibits (such as floor plans or percentage interests). Specific rules on noise, insurance requirements for unit owners, and detailed architectural review procedures are not fully detailed here.
Key facts from Eastwood Business Park's documents
- Community type
- condominium (Article I, Section 1)
- Legal name
- EASTWOOD BUSINESS PARK, INC. (Article II B and Article XII A)
- Developer / declarant
- Contemporary Builders Realty Corp. (Opening paragraph)
- Governing law
- Chapter 47A of the General Statutes of North Carolina, as amended (Unit Ownership Act) (Whereas clause and Article II)
- Assessments & dues
- Board of Directors approves annual budget; Manager may recommend and collect assessments subject to Board approval (Article XIV A)
- Collections & liens
- Unpaid assessments exceeding 30 days constitute a lien upon the unit when recorded; lien secures reasonable attorney's fees; in foreclosure owner must pay reasonable rental; receiver may be appointed (Article XV)
- Reserves & fees
- Assessments for reserve or sinking funds for capital improvements or repairs shall be held for that purpose; if purpose does not occur, funds used for general operation and excess reduces next year's assessments (Article XII C (5))
- Leasing & rentals
- yes (Article XIX A: 'Any unit owner may deleg)
- Parking & vehicles
- Parking spaces available generally for owners, tenants, guests, invitees under restrictions prescribed by Board (Article X)
- Voting & meetings
- One person per unit ownership; 100 total votes; each owner entitled to number of votes equal to percentage of ownership in common elements (Exhibit D) (Article XII C (3))
- Amendments
- Amendment requires vote of at least 60% of undivided interest of all unit owners in common elements (Exhibit D), cast in person or by proxy at a meeting; effective upon recording (Article XXII A)
Related associations
Nearby (within 500 m): Smith Creek Estates · Smith Creek Station · The Eastwood Center Condominium · The Eastwood Center · Garris Subdivision · 215 Racine · 211 Racine · Market Place Office Park One Condominiums · Ashton Townhomes Association Inc. · Gateway Business Park
About this HOA
Eastwood Business Park is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Eastwood Business Park: 1 CC&R. Last updated 2026-06-01.