Oleander Crossing

What Oleander Crossing's governing documents say

Oleander Crossing is a retail/office condominium in Wilmington, NC — you own a commercial unit and share ownership of the building's common areas, which the association maintains and insures. This document is the original 1985 Declaration of Condominium, which sets up the legal framework for the condominium but does not contain current rules or fees. It is intended for unit owners (commercial property owners), not residential tenants.

• What you own & maintain: You own your unit (interior surfaces, walls, ceilings, floors) and an undivided interest in the common elements. The association maintains common areas and exterior surfaces, and you must maintain your unit's interior. No structural additions or exterior alterations without written consent.
• Permitted uses: Until all units are sold, the developer controls uses, allowing only one of each listed retail/food type (e.g., bookstore, drug store, restaurant). After all units are sold, the board sets rules; if a use request is not rejected within 10 days, it is automatically approved if zoning permits.
• Leasing & rentals: No minimum lease term is stated in this document. Leases are permitted, and tenants must comply with all governing documents.
• Pets: This document does not address pets.
• Parking & vehicles: Parking spaces are available generally for owners, tenants, guests, and invitees under restrictions set by the board. No mobile homes, trailers, or temporary structures are allowed.
• Assessments & fees: Common expenses are shared per the percentage interest in common elements (Exhibit D). Water/sewer is prorated by plumbing. Unpaid assessments accrue interest at up to 1.5% monthly and become a lien after 30 days.
• Insurance: The association carries master property and liability insurance on buildings and common elements, paid as a common expense. Unit owners may buy additional coverage for personal property and liability.
• What this document doesn't cover: This is the original 1985 declaration; it does not include current fee amounts, pet rules, age restrictions, or any amendments. Current rules and budgets are set by the board and may differ.

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.