Mayfaire Bg Condominium

What Mayfaire Bg Condominium's governing documents say

Mayfaire BG Condominium is a mixed-use condominium in Wilmington, NC, with two three-story buildings containing both residential and retail units. This declaration establishes the condominium regime under the North Carolina Condominium Act and defines the rights and obligations of unit owners, the association, and the declarant. It is part of the larger Mayfaire planned community governed by a master association.

• What you own & maintain: You own your unit's interior (excluding flooring, interior surfaces of perimeter walls and ceilings, and utility facilities serving multiple units). The association maintains the common elements, including building exteriors, roofs, parking areas, landscaping, and shared utilities.
• Mixed-use: residential & retail units: The condominium has two residential units (B-2 and G-2) and two retail units (B-1 and G-1). Retail units have a 67% share of common element allocated interests, residential units 33%, based on square footage.
• Assessments & common expenses: Common expenses are allocated among units according to their allocated interests. The association can levy assessments, and unpaid assessments create a lien on the unit. Second-tier condominium associations must collect and remit assessments for subdivided units.
• Subdivision & second-tier condominiums: A unit may be subdivided into second-tier condominium units only with 100% member approval or by imposing second-tier condominium instruments that comply with this declaration. The second-tier association assumes membership rights and must collect and remit assessments.
• Developer rights: The declarant reserves the right for 40 years to add up to 26 additional units (max 30 total), connect skywalks, construct decks, and alter buildings, all without unit owner consent. Additional units may differ in style and quality.
• Use of common elements: Unit owners, tenants, and guests have a non-exclusive easement to use common elements for normal purposes, subject to association rules. The association may grant easements, leases, or licenses over common elements without unit owner vote.
• What this document doesn't cover: This declaration does not include specific rules on pets, leasing restrictions, age restrictions, parking, or architectural review. Those may be in the association's bylaws, rules and regulations, or the master declaration for Mayfaire.

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.