Oleander Trade Center

What Oleander Trade Center's governing documents say

Oleander Trade Center is a commercial condominium in Wilmington, NC — you own a unit (warehouse/storage space) and share ownership of the building's common elements. This declaration governs Phase 1, with up to 20 total units possible across future phases. It is designed for business use, not residential.

• Permitted use: Each unit is restricted to commercial use, principally warehouse or storage. No immoral, offensive, or unlawful use is allowed, and all laws and zoning ordinances must be observed.
• What you own & maintain: You own the interior surfaces of your unit (walls, floors, ceilings), non-load-bearing partitions, window panes, exterior doors, and HVAC/utility lines within the unit. You must maintain these items, including painting, decorating, and appliances. The association maintains common elements (roof, exterior, structural components, common areas) and carries master property and liability insurance.
• Leasing & rentals: Leases are permitted but must be for a term of at least six months. No short-term or vacation rentals are allowed.
• Pets: No more than two domestic pets per unit are allowed.
• Assessments & fees: Common expenses are shared equally among units (each of the initial 7 units has a 14.2857% interest). The association may levy assessments, charge late fees, and impose fines up to $150 per violation for rule breaches.
• Architectural review: No structural modifications, exterior changes (including painting, antennas, or AC units), or alterations to common areas may be made without the association's written consent.
• Parking & vehicles: Paved parking spaces on common areas are for use by unit owners, their guests, families, invitees, and lessees. Specific parking rules may be set by the association.
• What this document doesn't cover: This excerpt does not include the full bylaws, rules and regulations, or details on insurance deductibles, budget ratification procedures, or specific parking allocations. It also does not address age restrictions or affordability requirements.

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.