Greenfieldcrossing

What Greenfieldcrossing's governing documents say

This is the Declaration of Condominium for Greenfield Crossing at Wakefield, a non-residential condominium in Raleigh, NC. It creates a community of 14 office units (with potential for up to 56) and establishes the rules for owners, who are bound by this document. It is not a residential community; units are restricted to office use only.

• What you own & maintain: You own your unit's interior, including the HVAC system and hot water heater, and must maintain them. The association maintains the common elements (land, building exterior, structural elements, common areas) and carries master insurance.
• Use restrictions: Units are strictly non-residential and may only be used for office purposes that conform to local zoning. Special use permits or variances require association consent.
• Assessments & fees: The association levies annual and special assessments, with the initial annual cap at $2.00 per square foot of gross floor area. Delinquent assessments accrue 18% annual interest and late charges, and the association has a lien on your unit for unpaid amounts.
• Leasing & rentals: The declaration does not restrict leasing, but any lease must comply with the association's rules and the owner remains responsible for assessments and maintenance.
• Subdivision of units: Owners may subdivide their units (minimum 650 sq ft per unit) with association approval and must reallocate allocated interests accordingly.
• What this document doesn't cover: This excerpt does not include rules on pets, parking, architectural review, or rental terms. Those may be in the bylaws or separate rules and regulations.

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.