Whiteoak

Key facts from Whiteoak's documents

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

Community type

Condominium (Preamble; Section 6, Part 1 (Definitions)

Legal name

White Oak Business Center Condominiums

Units / lots

40 (maximum reserved); 6 initially established; 10 in Building One initially intended (Article I, Sections 4, 5, 6)

Developer / declarant

White Oak Patriots, LLC, a North Carolina limited liability company (Preamble; Section 7, Part 1 (Definitions)

Governing law

North Carolina Condominium Act, Chapter 47C, North Carolina General Statutes (Preamble; Article I, Section 1)

Assessments & dues

$1.20 per square foot until January 1 of the year following first Unit conveyance (Article IV, Section 5)

Special assessments

Special assessments for capital improvements and stormwater facility maintenance, reconstruction, repair (Article IV, Section 1)

Collections & liens

Unpaid assessment for 30+ days constitutes lien on Unit when filed; Association may foreclose; lien subordinate to first mortgage and ad valorem taxes (Article IV, Sections 1, 3)

Reserves & fees

Capital Improvement Fund for replacement of Common Elements; Facility Fund for stormwater facility reconstruction/repair (3-year period) (Article IV, Section 4)

Pets

No animals of any kind without permission of Executive Board or as permitted by rules/regulations (Article X, Section 4)

Leasing & rentals

Not explicitly prohibited; Owners may delegate right of enjoyment to Common Elements to tenants (Article II, Section 5)

Parking & vehicles

Surface parking spaces on Property are Common Elements; no parking of boats, campers, trailers, trailer vehicles; no trucks except standard passenger vans, pickup trucks, SUVs; vehicles must be currently registered, inspected, licensed (Article VI, Section 1(g); Article X, Sec)

Fences

No fence, wall, or other structure without Executive Board approval (Article IX, Section 1)

Architectural approval

Yes - Executive Board approval required for any building, fence, wall, structure, exterior addition/change, and interior construction/improvement (Article IX, Sections 1, 2)

Solar & roof

Exterior color of a Unit cannot be changed unless entire condominium color scheme changed; requires 2/3 approval of Owners at meeting with quorum (Article IX, Section 1)

Home business

All Units must be used for business/professional purposes; no residential use (Article X, Section 1)

Signs & flags

No signs on Common Elements except within 30 days of grand opening or for sale/lease by real estate firm; max size 18" x 24"; no other signs on Units except approved by Executive Board; no neon signs; interior signs not visible from outside (Article IX, Section 3; Article X, Sectio)

Maintenance

Association responsible for roof maintenance/replacement (Article VIII, Section 1)

Insurance

Deductible not to exceed $1,000 (Article XIV, Section 2(b))

Use restrictions

No - Units restricted to business and professional purposes only (Article X, Section 1)

Voting & meetings

Vote allocated to each Unit based on relative gross building square footage (see Exhibit B) (Article III, Section 2(c))

Amendments

First 20 years: 90% of Unit Owners; thereafter: 66%; Declarant may unilaterally amend for 24 months for clerical errors or FNMA requirements; material changes defined; Capital must consent while security interest held (Article XX, Sections 5, 6, 7)

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