Cornwallis Square Condominiums
You own a unit plus a share of the common elements; the association maintains the building and grounds.
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What Cornwallis Square Condominiums's governing documents say
Cornwallis Square Condominiums is a condominium community in Raleigh, NC, where you own a unit in a two-story office building and share ownership of common areas. This declaration governs the association and unit owners, and it applies to anyone who buys, leases, or occupies a unit. Note that this is a commercial/office condominium, not a residential community.
- What you own & maintain: You own the interior of your unit, including decorated surfaces, and are responsible for maintaining them. The association maintains common elements and exterior surfaces, and you must get written approval before making structural changes to common elements.
- Use of units (office/business only): Units must be used primarily for business or office purposes, not as residences. You may allow guests, tenants, and employees to use the unit and common areas.
- Parking & vehicles: Parking spaces are unassigned common areas, with about 3.75 spaces per unit available for owners, tenants, and guests. The association can make and enforce parking rules.
- Assessments & fees: You must pay assessments for common expenses, which can include a reserve fund. Unpaid assessments accrue interest up to 1.5% per month and can become a lien on your unit.
- Insurance: The association carries master property and liability insurance on buildings and common elements, paid as a common expense. You should get your own insurance for your unit's contents and personal liability.
- Rules & restrictions: You can't create nuisances, hang things on exterior walls without permission, put up signs without board approval, or place temporary structures, trailers, or mobile homes on the property. The board can enforce rules and enter your unit with notice.
- What this document doesn't cover: This excerpt doesn't include details on pet rules, leasing minimums, or age restrictions. It also doesn't specify the current assessment amounts or the full set of board rules.
Key facts from Cornwallis Square Condominiums's documents
- Community type
- Condominium (Title and Article I)
- Legal name
- Cornwallis Square Condominiums
- Developer / declarant
- JAG, Inc. (Preamble)
- Governing law
- North Carolina Unit Ownership Act, Chapter 47A, North Carolina General Statutes (Preamble and Article II)
- Assessments & dues
- Board of directors adopts annual budget; assessments levied against unit owners in proportion to their percentage interest in common areas (Exhibit D); manager may recommend budget and collect assessments upon board approval (Article XIII, Article XIV.A, By-Laws Sec)
- Special assessments
- Board may levy additional assessments if budget insufficient or in emergencies; assessments may include sinking fund for capital improvements (Article XV and By-Laws Section 6.B)
- Collections & liens
- Unpaid assessments over 30 days constitute a lien on the unit when filed with Clerk of Superior Court of Wake County; lien secures reasonable attorney's fees; foreclosure may require owner to pay reasonable rent and receiver may be appointe (Article XV)
- Reserves & fees
- Assessments for reserve or sinking funds for capital improvements held by Board for that purpose only; if contingency does not occur, funds used for general operation and excess assessments reduce following year's assessments (Article XII.C.5)
- Leasing & rentals
- Not explicitly prohibited; unit owner may delegate rights of possession, use, and enjoyment to tenants (Article VI and Article XIX.A)
- Parking & vehicles
- Parking spaces are in common areas, not numbered; available generally for owners, tenants, guests, and invitees; 3 3/4 spaces designated per unit but no specific spaces assigned; Association governs parking and makes/enforces rules (Article X)
- Home business
- Not specifically addressed; units are for business/office purposes (Article VI)
- Signs & flags
- No signs (including "for rent", "for sale") or property identification signs on any unit except in accordance with Raleigh City Code and with written permission of Board, or as required by legal proceedings (Article XIX.D)
- Maintenance
- Association (as exterior surface) (Article XIV.B.1(a))
- Insurance
- All buildings, improvements, and personal property in common elements insured at maximum insurable replacement value (excluding foundation/excavation) or 90% co-insurance blanket coverage; protection against fire, extended coverage, vandali (Article XVI.B)
- Use restrictions
- No; buildings and units shall be used primarily for business or office purposes (Article VI and Article XIX.A)
- Voting & meetings
- One voting member per unit; total votes = 100; each unit's votes equal its percentage interest in common areas (Exhibit D); voting for directors is noncumulative (Article XII.C.3 and By-Laws Section 4.B.)
- Amendments
- Declaration may be amended by vote of at least 66 2/3% of undivided interests of all unit owners in common elements, cast in person or by proxy at a meeting; must be recorded in Wake County Registry after approval by City Attorney of Raleig (Article XXI and By-Laws Section 8)
Related associations
Nearby (within 500 m): Barrett Square I Condominium · Barrett Square Condominiums · Georgetown North Condominiums · Townes at Cheswick Owners Association Inc
About this HOA
Cornwallis Square Condominiums is a homeowners association in Raleigh, NC.
HOAproxy has 1 document on file for Cornwallis Square Condominiums: 1 recorded document. Last updated 2026-06-10.
Governing documents
- DOCC369173 (47 pages) — PDF