Wellington Point Condominium

Wilmington, NC
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What Wellington Point Condominium's governing documents say

Wellington Point Condominium is a condominium community in Wilmington, NC — you own your individual unit and share ownership of the building's common elements, which the association maintains. The declaration allows up to 10 units (initially 8) and restricts units to office/commercial use permitted by zoning. This document is the full declaration of condominium, binding all unit owners.

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.

Key facts from Wellington Point Condominium's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type
condominium (Article 1, Section 1.1)
Legal name
WELLINGTON POINT CONDOMINIUM ASSOCIATION, INC.
Units / lots
8 (with right to create up to 2 additional) (Section 2.1)
Developer / declarant
Terco Properties, Inc., a North Carolina corporation, PO Box 269, Somers, NY 10589 (Section 1.1, Section 1.2.h)
Governing law
North Carolina Condominium Act (Chapter 47C of the General Statutes of North Carolina) (Section 1.1)
Assessments & dues
Executive Board adopts budget, mails summary to Unit Owners, sets meeting 14-30 days later; unless 80% of all Unit Owners reject, budget ratified. Non-budgeted assessments over 15% of current annual operating budget require same ratificatio (Section 17.4, Section 17.5)
Special assessments
Non-budgeted common expense assessment greater than 15% of current annual operating budget must be ratified by Unit Owners. (Section 17.5)
Collections & liens
Association has lien on unit for unpaid assessments after 30 days from filing of record; prior only to prior recorded mortgages and tax liens; extinguished if not enforced within 3 years; foreclosure under power of sale under NC law; forecl (Section 17.3)
Reserves & fees
Common Expenses include 'such reasonable reserves as may be established by the Association' for repair, replacement or addition to Common Elements. (Section 1.2.e.iv)
Leasing & rentals
Yes, subject to Rules and Regulations. (Section 8.2)
Parking & vehicles
Operative and licensed vehicles used in a trade or business may be parked overnight on designated parking areas which have not been allocated to a Unit. (Section 8.1.a.ii)
Architectural approval
Yes, for structural additions, alterations, improvements, and changes to appearance of Common Elements or exterior of Unit. (Section 11.1.a, 11.1.b.ii)
Home business
Office use allowed; home businesses likely permitted if compatible with office/commercial use. (Section 8.1.a)
Signs & flags
Declarant may maintain sales office signs; no provisions for owner signs. (Section 6.1.d)
Maintenance
Roof is part of Common Elements (inferred from unit boundary definitions: upper boundary is unfinished lower surface of ceiling, so roof exterior is Common Element). (Section 2.2.a)
Voting & meetings
Each Unit has one equal vote. (Section 7.2.c)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.

Related associations

Nearby (within 500 m): Wilmington Medical Park Condominium · Wilmington Medical Park · Harbour Place · Glen Meade · Medical Arts Center · Glen Meade Extension

About this HOA

Wellington Point Condominium is a homeowners association in Wilmington, NC.

HOAproxy has 1 document on file for Wellington Point Condominium: 1 CC&R. Last updated 2026-06-01.

Governing documents

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