Boundary Industrial Center Condominium

What Boundary Industrial Center Condominium's governing documents say

Boundary Industrial Center Condominium is a commercial/industrial condominium in Wilmington, NC — you own a unit and share the common elements with other unit owners. The community is governed by this Declaration, the Bylaws, and rules set by the association. This document is the full declaration of condominium, so it covers ownership structure, use restrictions, assessments, and maintenance responsibilities.

• What you own & maintain: You own your unit (including interior surfaces and portions of HVAC within the unit) and a percentage interest in the common elements. You must maintain your unit and any limited common elements (like balconies or HVAC equipment serving your unit). The association maintains the common elements and provides water/sewer for all units.
• Permitted uses: Units may be used for general business purposes and other non-residential uses allowed by zoning and approved by the board. Residential use is not permitted. No advertising signs, billboards, or nuisances may be placed without board approval.
• Leasing & rentals: Leases must be in writing and must state that the lease is subject to the condominium documents. Any lease violation is a default under the lease. No minimum lease term is specified in this document.
• Assessments & fees: The board levies assessments for common expenses, payable annually in advance. Late payments incur a $150 charge after 30 days and 18% annual interest. Unpaid assessments become a lien on the unit and can be foreclosed. Unit owners cannot exempt themselves from assessments by waiving use of common elements.
• Pets: This document does not address pets.
• Age restrictions: This document does not impose any age restrictions.
• What this document doesn't cover: This document does not specify pet rules, age restrictions, parking rules, or specific architectural guidelines. Those may be in the Bylaws or Rules and Regulations.

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.