Landfall Business Center

What Landfall Business Center's governing documents say

Landfall Business Center is a commercial office park in Wilmington, NC, governed by a Declaration of Covenants, Conditions, and Restrictions. This document establishes the Commercial Section 1B at Landfall Owners Association, which maintains common areas (including private roads, detention ponds, and a sewer disposal system) and levies assessments on lot owners. It applies to owners and occupants of Lots A–E, as well as potential affiliate members who use the disposal system.

• What you own & maintain: You own a numbered lot (A–E) shown on the recorded plat. The association owns and maintains common areas (private roads, detention ponds, directory signage, the disposal system). Lot owners are responsible for maintaining gravity sewer lines within their lot boundaries.
• Assessments & fees: Annual assessments for common area maintenance start at $2,400 per vote per lot (with votes per lot: A=2, B=1, C=1, D=1, E=1). Disposal system annual assessments are allocated by percentage (A=27%, B=14%, C=14%, D=22.5%, E=22.5%). Special assessments for capital improvements require majority vote of voting members; disposal system special assessments do not require member approval. Late fees of $100/month (max $1,200) and 12% annual interest apply to unpaid assessments.
• Leasing & rentals: There is no restriction on the right of any owner to lease their lot or building. Leases must be in writing and must state that the lease is subject to the declaration, articles, and bylaws. The lot owner remains ultimately responsible for all assessments.
• Disposal system & affiliate members: The association owns and operates a lift station, force main, and related appurtenances (the 'Disposal System') serving the lots. Declarant may grant use of the system to non-owners (affiliate members) via recorded amendment. Affiliate members pay disposal system assessments but have no voting rights. They may voluntarily disconnect with 180 days' notice.
• Voting & governance: Each lot owner is a voting member with votes as assigned (A=2, B=1, C=1, D=1, E=1). Declarant (Landfall Associates) had the right to select a majority of the board until all lots sold or December 31, 2004, whichever came first. Affiliate members have no vote.
• Common area use & restrictions: Owners have an easement to use common areas, subject to association rules and fees. The association may suspend voting rights for unpaid assessments or rule infractions. Common areas may be dedicated to a public agency with approval of two-thirds of voting members and declarant (while declarant controls the board).
• What this document doesn't cover: This document does not address architectural review, parking, signs, pets, or noise restrictions. It is a declaration of covenants, not a full set of community rules; additional rules may be adopted by the association.

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.