New Centre Retail Condominium
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What New Centre Retail Condominium's governing documents say
New Centre Retail Condominium is a commercial condominium in Wilmington, NC — you own a unit in a one-story building restricted to office, retail, and institutional use. This declaration governs the condominium, which is part of a larger commercial park. The association maintains common elements and carries master insurance, funded by assessments based on unit size.
- Use restrictions: All units are restricted to non-residential use: general retail, office, professional (medical, dental, legal), banking, and similar institutional uses. No residential use is allowed.
- What you own & maintain: You own the interior space within defined boundaries (including HVAC systems serving your unit). The association maintains common elements (exterior surfaces, common areas) and limited common elements like exterior doors and windows (except glass breakage from fire).
- Leasing & rentals: Leases must be in writing and comply with the condominium documents. Tenants must attorn to the association for enforcement of rules, but the association must first notify the landlord and give a reasonable cure opportunity.
- Signage: Only letter signage of approved size may be affixed to the exterior door serving each unit. No exterior signs without board written consent. For-sale signs (max 3x3) may be placed inside the front window.
- Alterations & improvements: Structural additions or changes to exterior appearance require prior written board approval. Interior non-structural changes are allowed without approval if they don't impair structural integrity or mechanical systems. Penetrating foundation, exterior walls, or roof requires board permission.
- Parking: Non-exclusive parking easements exist for owners, lessees, and customers. The association may adopt rules for towing, parking violations, and designating parking areas.
- Developer rights: The developer retains rights to add units, create common elements, and control the association until the earlier of 10 years, sale of 75% of units, or cessation of sales. Developer may also subdivide or combine units before sale.
Key facts from New Centre Retail Condominium's documents
- Community type
- Condominium (commercial)
- Legal name
- NEW CENTRE RETAIL CONDOMINIUM POA, INC. (Section 1.3)
- Developer / declarant
- New Centre Drive Commercial Park, Inc, a North Carolina Corporation (Section 1.10)
- Governing law
- Chapter 47C of the North Carolina General Statutes (the Act) (Section 1.1)
- Assessments & dues
- Common expenses shared in proportion to each unit's percentage interest in Common Elements (based on heated/cooled floor area) (Section 7.2(a) and (b))
- Special assessments
- Common expenses include expenses agreed upon as common expenses, whether annual or special, by the Association (Section 1.7(c)) (Section 1.7(c))
- Reserves & fees
- Association may establish reasonable reserves for repair, replacement or addition to Common Elements (Section 1.7(d))
- Leasing & rentals
- Yes, all leases must be in writing and subject to Condominium Documents (Section 8.2)
- Parking & vehicles
- Perpetual non-exclusive easement for vehicular parking; Association to establish rules for towing and parking violations (Section 9.2)
- Architectural approval
- Yes, Executive Board approval required for structural additions, alterations, or improvements; also for changes to appearance of Common Elements or exterior of unit (Section 11.1(a) and (b)(ii))
- Signs & flags
- Only letter signage on exterior door of unit; one 3x3 sign inside front window for resale; no exterior signs without board consent (Sections 8.1(c), 8.1(e), 6.7)
- Use restrictions
- Each unit restricted to general retail, office, professional (including medical, dental, legal, banking) and institutional uses (Section 8.1(a))
- Voting & meetings
- If units are equal size, one vote per unit; if resubdivided, weighted by percentage ownership interest in Common Elements (Section 7.2(c))
- Amendments
- Amendment requires 67% vote of allocated interests; certain changes (Special Declarant Rights, # units, boundaries, interest, use) require unanimous consent; amendments recorded (Sections 13.1, 13.4)
Related associations
Includes: Centre Court at New Centre Drive Commercial Park
Overlaps: New Centre Drive Commercial Park
Nearby (within 500 m): Azalea Estates · Hunters Crossing Condominiums · Colony Woods Townhouses · Hunting Ridge · Smith Creek Village · Holton Place Condominium · Village Square Townhomes · Yester Oaks · Mcclelland Townhomes · Lullwater Village
About this HOA
New Centre Retail Condominium is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for New Centre Retail Condominium: 1 CC&R. Last updated 2026-06-01.