Hershey Professional Center II Owners Association Inc

What Hershey Professional Center II Owners Association Inc's governing documents say

Hershey Professional Center is a condominium community in Durham, NC, designed for medical, professional, and office uses. This declaration governs the association, unit owners, and tenants, covering ownership boundaries, maintenance duties, use restrictions, and financial obligations.

• What you own & maintain: You own the interior space of your unit, including finishes and certain mechanicals; the association maintains common elements, while you maintain your unit and certain limited common elements like HVAC and exterior windows/doors.
• Use restrictions: Units are restricted to medical, professional, or office uses only; no residential use is allowed. All uses must comply with the association's rules and regulations.
• Leasing & rentals: Leases must be in writing and comply with the condominium documents. Tenants must recognize the association's right to enforce rules, and the association can enforce directly after notifying the landlord.
• Assessments & fees: Common expenses are assessed monthly based on unit floor area. The association can levy special assessments for non-budgeted expenses over 15% of the annual budget, subject to owner ratification. Unpaid assessments become a lien after 30 days.
• Alterations & approvals: Structural changes or changes to exterior appearance require prior written approval from the executive board (and declarant during control period). Interior non-structural changes are allowed if they don't affect structure or systems.
• Development rights: The declarant reserves rights to add up to 10 additional units and expand the condominium for up to 25 years, with all units restricted to medical/professional/office use. The declarant also controls the board during the control period.
• What this document doesn't cover: This excerpt does not include specific pet rules, parking assignments, or detailed architectural guidelines; those may be in the association's rules and regulations or other exhibits not provided.

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.