Parkway Corporate Park
association language present (entity×85, governance×4)
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What Parkway Corporate Park's governing documents say
Parkway Corporate Park is a commercial office and business park in Wilmington, NC, governed by a homeowners association (HOA). This document is the Declaration of Covenants, Conditions & Restrictions (CC&Rs) that applies to lot owners and occupants. It is not a residential community; lots are for business, office, or commercial use only.
- Land use & building type: All lots must be used for business, office, or commercial purposes. Residential use is not allowed.
- Leasing & rentals: Leases must be in writing and subject to the CC&Rs, but there is no minimum lease term or restriction on the right to lease. The lot owner remains responsible for all assessments.
- Assessments & fees: Annual assessments start at $960 per vote per lot (each lot has 1 vote, total 5 votes). The board can increase assessments up to 20% per year without owner approval; larger increases require a majority vote. Late fees are $15/month (max $150) plus 12% annual interest.
- Architectural review: No improvements, landscaping, or exterior alterations may be made without prior written approval from the Declarant or an Architectural Control Committee (ACC). Approval is deemed granted if no response within 30 days.
- Construction deadlines & fines: Construction must commence within 12 months of plan approval and be completed within 15 months of permit issuance. Failure results in a $50/day fine.
- Stormwater & impervious surface limits: Maximum built-upon area per lot is 85% of total lot area. Specific impervious surface limits are listed for each lot (e.g., Lot 7R: 109,689 sf). These restrictions cannot be changed without state concurrence.
- Common area & maintenance responsibilities: The association maintains common areas (private roads, detention ponds, fences, etc.). Lot owners are responsible for keeping their lots safe, clean, and free of rubbish.
Key facts from Parkway Corporate Park's documents
- Community type
- Covenant / Planned Community (commercial)
- Developer / declarant
- PARKWAY BUSINESS PARK, LLC (Declaration preamble)
- Assessments & dues
- $960.00 per vote per Lot initially (each Lot has 1 vote, so $960/Lot). (Article V, Section 3)
- Special assessments
- May be levied for capital improvements, approved by majority vote of Members at a meeting. (Article V, Section 4)
- Collections & liens
- Assessments are a continuing lien on the property; Association may foreclose. Lien subordinate to first mortgages. (Article V, Sections 1, 7, 9)
- Reserves & fees
- $15.00 per month after 30 days delinquent, up to $150.00 per delinquent assessment per Lot. (Article V, Section 7)
- Leasing & rentals
- Yes; lease must be subject to Declaration; Owner remains responsible for assessments. (Article II, Section 4)
- Architectural approval
- Yes. Declarant for first 10 years or while controlling board; thereafter an Architectural Control Committee (ACC) appointed by Board. (Article VI, Section 1)
- Voting & meetings
- Each Lot has one vote; total 5 votes. Owners are voting members. Votes appurtenant to lot ownership. (Article IV, Section 1)
- Amendments
- By owners holding majority of votes and Declarant (while it controls board). Must be recorded. No amendment to alter ad valorem tax obligations. Certain amendments (vote reallocation, annexation) do not require Member consent. (Article IX, Section 3)
Related associations
Nearby (within 500 m): Northchase Parkway Condominium · Northchase · Technology Court · Williamsburg Place · Danbury Forest · Oak Pointe Business Park · Heatherridge · Marwood Estates · Lauren Place Townhomes
About this HOA
Parkway Corporate Park is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Parkway Corporate Park: 1 CC&R. Last updated 2026-06-01.