Carmar Park

What Carmar Park's governing documents say

Carmar Park is a commercial/industrial subdivision in Wilmington, NC, governed by a Declaration of Easements, Covenants and Conditions. This document binds lot owners (businesses) to share stormwater facilities, access easements, and common area maintenance through a homeowners association. It is not a residential community; lots are for business or commercial use.

• Land use & building type: All lots must be used for business or commercial purposes as permitted by law, except for stormwater pond or access/utility easement areas.
• Common areas & easements: Common areas include access, drainage, and utility easements, stormwater facilities, and roads. Owners have a right to use these, subject to association rules and fees.
• Assessments & fees: Annual assessments start at $1,000 per vote (based on initial budget of $7,500/year). Increases up to 10% per year can be set by the board; larger increases require majority owner approval. Special assessments for capital improvements need a two-thirds vote. Late fees: $15/month plus 12% annual interest.
• Voting & governance: Each lot has votes based on acreage (Tract 1: 10 votes, Tract 2: 35, Tract 3: 30). Declarant controls the board until at least two lots are sold to non-declarant owners or until Jan 1, 2014, whichever comes first. After that, each lot owner appoints one director per lot.
• Leasing & rentals: Leases must be in writing and subject to the declaration, articles, and bylaws. Lessees must comply; the owner remains ultimately responsible for assessments. No other restrictions on leasing.
• Stormwater & impervious surface: The property is subject to a stormwater permit limiting impervious surfaces to 203,369 sq ft total, allocated among tracts (Tract 2: 109,311 sq ft, Tract 3: 83,890, Tract 1: 10,168). Owners must ensure runoff drains into the permitted system.
• Amendment & duration: Covenants run for 20 years from recording (2011), then auto-renew for 10-year periods. Amendments require 67% of votes plus Declarant consent (while Declarant controls the board). Certain amendments (e.g., vote reallocation) do not require member consent.
• What this document doesn't cover: This document does not address residential use, age restrictions, pets, parking, architectural review, or any residential amenities. It is a commercial subdivision declaration focused on shared infrastructure and assessments.

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.