Washingtonsquare

Morrisville, NC
TypeHOA
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What Washingtonsquare's governing documents say

This is a declaration of condominium for Washington Square Business Condominiums, a commercial condominium community in Creedmoor, North Carolina. It governs the owners of the business units, who share ownership of common areas and are bound by the association's rules. The document is the full rulebook for the community, covering use restrictions, maintenance, assessments, and insurance.

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 Washingtonsquare's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name
Washington Square Business Condominiums Owners Association, Inc. (Part I Definitions Section 3)
Units / lots
Maximum 35 units; initially 5 units in Building One (Part II Article I Sections 4 and 6)
Developer / declarant
HIGHWAY 56 GRANVILLE ASSOCIATES, LLC, a North Carolina limited liability company (Preamble; Part I Definitions Section 7)
Governing law
North Carolina Condominium Act, NCGS Chapter 47C (Preamble; Part II Article I Section 1)
Assessments & dues
$1.20 per square foot until January 1 of the year following first Unit conveyance; Declarant-owned unoccupied units assessed at 25% (Part II Article IV Section 5)
Special assessments
Special assessments for capital improvements and maintenance/reconstruction/repair to comply with public regulations (Part II Article IV Section 1)
Collections & liens
Assessment lien subordinate only to first mortgage and ad valorem taxes; foreclosure extinguishes prior liens; sale/transfer does not relieve personal liability (Part II Article IV Section 3)
Reserves & fees
Capital Improvement Fund for replacement of structural elements and mechanical equipment; Facility Fund for stormwater facilities (3-year projected costs, separate account) (Part II Article IV Section 4)
Pets
No animals of any kind without permission of Executive Board or as permitted by rules/regulations (Part II Article X Section 3)
Parking & vehicles
No boats, campers, trailers, or similar vehicles; no trucks except standard passenger vans, pickup trucks, or SUVs; no unregistered/uninspected/unlicensed vehicles; Association may tow violators at owner's expense (Part II Article X Section 6)
Architectural approval
No building, fence, wall, structure, exterior addition/change, or roof protrusion (including wiring, antennae, satellite dishes) without written Executive Board approval; interior construction also requires approval; exterior color change r (Part II Article IX Sections 1 and 2)
Signs & flags
No signs on Common Elements except within 30 days of grand opening or for sale/lease by real estate firm; max 18" x 24"; no neon signs inside or outside; standardized overhead and door signs approved by Executive Board (Part II Article X Section 4; Part II Art)
Maintenance
Association: Common Elements and exterior maintenance of Units (paint, roofs, exterior surfaces, landscaping, walks, trash areas, parking); Unit Owner: glass surfaces, HVAC equipment, interior maintenance/repair (Part II Article VIII Sections 1 and 3)
Insurance
Casualty/physical damage insurance at 100% replacement cost with replacement cost and inflation guard endorsements; coverage for fire, vandalism, malicious mischief, windstorm, water damage; deductibles not exceeding $1,000 (Part II Article XIV Section 1)
Use restrictions
All Units for business and professional purposes only; must conform to zoning; no change in Approved Use without consent (Part II Article X Section 1)
Voting & meetings
Per Declaration's allocated interests based on gross square footage (Exhibit C, Article I Section 6; Part II )
Amendments
First 20 years: 90% of Unit Owners; thereafter: 66%; must be recorded; BB&T must consent while it holds security interest; Declarant may unilaterally amend for 24 months for clerical errors or non-material changes (Part II Article XVIII Sections 7 and 8)

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

Community amenities

≈ 64 homes

Observed from county parcel and OpenStreetMap data.

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About this HOA

Washingtonsquare is a homeowners association in Morrisville, NC.

HOAproxy has 1 document on file for Washingtonsquare: 1 recorded document. Last updated 2026-06-25.

Governing documents

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