Junction Station Business Park

What Junction Station Business Park's governing documents say

Junction Station Business Park is a commercial condominium in Wilmington, NC — you own an office or business unit and share the building's common elements, which the association maintains and insures. This is a business park, not a residential community; no residential use is allowed.

• Permitted use: Units may be used only for office or business purposes and incidental uses. No residential use is allowed.
• What you own & maintain: You own the interior finished surfaces of your unit and are responsible for its maintenance, repair, and all interior systems (HVAC, plumbing, electrical, etc.). The association maintains the common elements (exterior walls, roof, foundations, parking, sidewalks, utility infrastructure).
• Leasing & rentals: The declaration does not set a minimum lease term or restrict leasing, but all uses must comply with the business-use restriction. Tenants must follow association rules.
• Pets: No animals may be kept in any unit or common areas without the prior written consent of the association.
• Architectural review: No structural modifications or exterior alterations (including signs visible from outside) may be made without written approval from the board of directors.
• Assessments & fees: Assessments are shared equally per unit (except Building 4, which has a separate arrangement). The board sets an annual budget; assessments are payable monthly, quarterly, or annually as determined. Delinquent assessments accrue 12% annual interest and collection costs (including attorney fees up to 15%).
• Insurance: The association carries property insurance on the buildings and common elements (minimum 80% replacement cost) and liability insurance. Each unit owner is an insured under the association's liability policy. Unit owners are responsible for their own contents and any deductible amounts.
• Building 4 special rules: Building 4 has separate assessment and insurance arrangements: its owner maintains hazard insurance and pays annual dues based on estimated exterior maintenance and a share of common parking area maintenance.

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.