Junction Creek Business Park

What Junction Creek Business Park's governing documents say

Junction Creek Business Park is a commercial/industrial HOA in Wilmington, NC — you own a lot (numbered plot) and share common areas like private roads, detention ponds, and signage. The association maintains common elements and levies assessments per lot. Leasing is allowed with no minimum term, but leases must reference the governing documents.

• What you own & maintain: You own your lot (numbered plot) and any improvements (buildings, parking, landscaping). The association owns and maintains common areas (private streets, detention ponds, signage, utility easements). Each owner must keep their lot safe, clean, and orderly.
• Assessments & fees: Annual assessments start at $600 per vote per lot (each lot gets 1 vote). The board can increase assessments up to 10% per year without owner approval; larger increases need 2/3 owner vote. Special assessments for capital improvements require majority owner vote. Late fees: $15/month up to $150, plus 12% annual interest.
• Leasing & rentals: Leasing is allowed with no minimum term. Leases must be in writing and state they are subject to the declaration, articles, and bylaws. The lot owner remains responsible for all assessments even if the tenant defaults.
• Architectural review: No improvements, landscaping, grading, or exterior changes may be made without prior written approval from the Declarant (for 10 years) or an Architectural Control Committee. Plans must be submitted; if no response within 30 days, approval is deemed given. Fines of $50/day apply for incomplete buildings after 15 months from permit.
• Use restrictions: All lots must be used for business or commercial purposes only. No residential use. Maximum built-upon area per lot is 85% of lot area. Stormwater runoff must drain into the permitted system.
• Enforcement & violations: The association or any owner can enforce rules via legal action. Violations (e.g., untidy lot, incomplete construction) can be cured by the association at the owner's expense, plus 10% liquidated damages. Fines are treated as assessments with lien rights.
• What this document doesn't cover: This document does not cover residential rules (e.g., pets, noise, parking for residents) because the community is commercial. It also does not specify any age restrictions, rental caps, or affordable housing requirements.

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.