St. James Mercantile Condominium

What St. James Mercantile Condominium's governing documents say

St. James Mercantile Condominium is a condominium community in Wilmington, NC, where you own a unit and share ownership of common areas. This document is a supplemental declaration adding Phase II to the existing condominium, and it incorporates most rules from the original declaration by reference. The community is designed for mercantile (commercial) use, not residential.

• What you own & maintain: You own the interior of your unit, including non-load-bearing walls, finishes, windows, doors, and certain mechanical components. The association maintains common areas and facilities.
• Unit boundaries: Units are bounded by interior unfinished surfaces of perimeter walls, ceilings, and floors. Pipes, ducts, and wires up to the point of entry into the unit are common elements.
• Common ownership interest: Each unit has an undivided percentage interest in the common areas, as set out in Exhibit C (e.g., Unit 1 Phase II: 12.44%, Unit 2: 10.34%, etc.).
• Use restrictions: The building is for mercantile purposes only; residential use is not mentioned and likely not permitted.
• What this document doesn't cover: This supplemental declaration does not contain the full set of rules—it incorporates by reference the original declaration (Book 1292, Page 714), the association's bylaws, and rules and regulations. Specifics on assessments, pet restrictions, leasing, and other typical condo rules are not included here.

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.