Franklin Square

What Franklin Square's governing documents say

Franklin Square is a condominium community in Wilmington, NC, with 32 units across four two-story buildings. This document is the original 1984 Declaration of Condominium that establishes the condominium form of ownership, defines units and common elements, and sets basic use restrictions. A separate 2013 declaration for Coach Homes at Franklin Square in Florida is also included but is a different community.

• What you own & maintain: You own your unit's interior space (about 842 sq ft, 2 bedrooms, 1 bath) including non-load-bearing walls, interior finishes, windows, exterior doors, decks, and interior utility lines. The association maintains all common areas and facilities, including roofs, exterior walls, foundations, stairways, parking areas, sidewalks, and utility infrastructure serving multiple units.
• Use restrictions: Units are restricted to single-family residential use by the owner, their immediate family, guests, invitees, and lessees. No time-share or interval ownership is allowed. No immoral, improper, offensive, or unlawful use is permitted, and nothing may increase insurance rates or create a nuisance.
• Architectural review: No structural modifications or alterations may be made without the association's written consent. Exterior changes (painting, antennas, air conditioning units, fences, landscaping) also require prior approval. Window coverings must be white.
• Leasing & rentals: Leases are permitted but must comply with the single-family use restriction. No minimum lease term is stated in this document.
• Pets: No specific pet restrictions are mentioned in this document.
• Assessments & common expenses: Each unit owner pays a share of common expenses proportional to their undivided interest in the common elements. Assessments are levied per unit to cover administration, maintenance, repair, replacement, and a capital reserve.
• What this document doesn't cover: This document does not include specific rules about pets, parking, leasing terms, or age restrictions. It also does not contain the full bylaws, rules and regulations, or the exhibits (plans, survey, articles of incorporation) referenced within.

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.