Northchase Parkway Condominium

What Northchase Parkway Condominium's governing documents say

Northchase Parkway Condominium is a commercial-use condominium in Wilmington, NC — you own a unit (restricted to commercial use) and share the building's common elements, which the association maintains. This declaration governs unit owners, not residential tenants, and the developer retains significant rights to add units and control the association for up to 10 years.

• What you own & maintain: You own the interior of your unit (including HVAC systems serving it exclusively) and must maintain it at your own expense. The association maintains all common elements and limited common elements (like exterior doors, windows, and glass), but costs for certain limited common elements (e.g., heat exchangers, exterior doors) are assessed back to the benefiting unit(s).
• Use restrictions: Each unit is restricted to commercial use as allowed by New Hanover County or Wilmington zoning. No residential use is permitted. Signage is limited to lettering on the exterior door; no exterior signs without board consent.
• Leasing & rentals: Leases must be for a term of at least six months and in writing. Tenants must comply with the condominium documents, and the association can enforce rules directly against tenants after notifying the landlord.
• Developer rights & future development: The developer (Declarant) can add up to 50 units, withdraw land, and build on future development areas for up to 10 years after recording. During the Declarant Control Period, the developer appoints the board and can amend bylaws without owner vote.
• Alterations & improvements: No structural changes or exterior alterations without prior written board approval. Interior changes that don't affect structure or mechanical systems are allowed. Requests must be answered within 60 days.
• Assessments & fees: Common expenses are assessed per unit based on the allocated interest (percentage of heated/cooled floor area). Assessments are due by the 10th of the month. The association has a lien for unpaid assessments after 30 days. Special assessments for limited common elements or misconduct may be charged to specific units.
• Parking: Parking spaces may be allocated as limited common elements or assigned by board rules. No specific number or location is guaranteed in this declaration.

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.