University Court Office Condominium

What University Court Office Condominium's governing documents say

University Court Office Condominium is a commercial condominium in Wilmington, NC — you own an office unit and share the building's common elements. The association maintains common areas and carries master insurance, funded by assessments based on unit size. All units are restricted to non-residential use (general office, professional, and institutional).

• What you own & maintain: You own the interior of your unit (including HVAC systems that exclusively serve it) and must maintain it at your own expense. The association maintains all common elements, including exterior surfaces, and carries master insurance for the building.
• Use restrictions: Units are restricted to general office and professional use (e.g., medical, dental, legal, banking) and similar institutional uses. No residential use is allowed.
• Leasing & rentals: All leases must be in writing and comply with the condominium documents. Tenants must attorn to the association for enforcement of rules. No minimum lease term is stated in this excerpt.
• Alterations & improvements: Structural additions or changes to the exterior require prior written approval from the executive board. Interior non-structural alterations are allowed without approval if they don't impair structural integrity or mechanical systems.
• Signage: Only letter signage of approved size may be affixed to the exterior door serving your unit. No other exterior signs or window displays are allowed without board consent. For-sale signs are limited to one 3x3 sign inside the front window.
• Assessments & fees: Common expenses are assessed based on each unit's percentage interest (based on heated/cooled floor area). Assessments are due on the 1st of the month and payable by the 10th; unpaid amounts accrue interest at 12% per year and may become a lien on the unit.
• Parking: Parking is provided as a non-exclusive easement for owners, tenants, and visitors. The association may designate specific parking areas and adopt rules for towing and violations.
• What this document doesn't cover: This excerpt does not specify pet rules, age restrictions, rental caps, or any amenities. It is a declaration of condominium focused on ownership structure, use restrictions, and association governance.

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.