North Chase Park of Commerce

What North Chase Park of Commerce's governing documents say

North Chase Park of Commerce Section Seven is a commercial shopping center development in Wilmington, NC, governed by a Declaration of Restrictions and Grant of Easements. This document binds the owners of three commercial lots (Tracts A, B, and C) and covers development standards, shared easements, maintenance obligations, and use restrictions. It is not a residential HOA or condominium document.

• What you own & maintain: Each owner owns their lot and is responsible for maintaining all improvements and common areas on their lot in first-class condition, including paving, landscaping, lighting, and signage. Common areas are non-building portions of each lot used for parking, drives, and pedestrian access.
• Shared easements & access: Each lot grants nonexclusive easements for ingress, egress, and parking over its common areas to other lot owners, their tenants, customers, and invitees. However, no cross-parking easement is created; parking is limited to each lot's own users.
• Architectural review & construction: Before constructing or altering buildings, signage, or common areas on Tracts A or B, the owner must submit plans to the Approving Party (owner of Tract C) for review. Approval is not unreasonably withheld, and plans are deemed approved if no response within 30 days. Building height on Tracts A and B is limited to 25 feet.
• Permitted uses & restrictions: The shopping center is for first-class retail use. Prohibited uses include warehouses, manufacturing, auto sales, bowling alleys, living quarters, pornographic materials, bars where alcohol exceeds 50% of revenue (without Tract C's consent), and gambling facilities. Pizza and dry cleaning are allowed only on Tract B.
• Parking requirements: Each lot must provide at least 5 parking spaces per 1,000 square feet of floor area for retail or non-retail uses. Businesses with drive-up units must have stacking space for at least 3 cars per unit. Parking is free unless required by law.
• Insurance & indemnification: Each owner must carry liability insurance with minimum limits of $1,000,000 per person, $2,000,000 per occurrence, and $500,000 property damage. Owners waive subrogation rights against each other for insured losses. Each owner indemnifies others for claims arising from their lot.
• Cost sharing & reimbursement: Tract B must pay Tract C an annual fee (initially $570, CPI-adjusted) for use of entry drives. Storm water detention area expenses are shared proportionally by gross land area. Failure to pay gives Tract C enforcement rights.
• Duration & amendments: The declaration runs until December 31, 2047, and automatically renews for successive 10-year periods. Amendments require consent of all owners and recording.

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.