Centre Court at New Centre Drive Commercial Park

What Centre Court at New Centre Drive Commercial Park's governing documents say

Centre Court at New Centre Drive Commercial Park is a commercial condominium in Wilmington, NC — you own a unit in a mixed-use building restricted to office, retail, and institutional use. This document is the Phase I Declaration, dedicating only five of the planned units to condominium ownership; the developer retains rights to add more units and phases. The rules bind unit owners, and the association maintains common elements.

• Use restrictions: All units are restricted to non-residential use: general retail, commercial, office, professional, banking, and institutional uses. No more than two restaurants are allowed in the condominium at any time.
• What you own & maintain: You own the interior of your unit (within the unfinished surfaces of walls, floors, and ceilings), including HVAC systems serving your unit. The association maintains common elements (exterior surfaces, common areas) and limited common elements like exterior doors, windows, and signage assigned to your unit.
• Leasing & rentals: All leases must be in writing and comply with the condominium documents. Tenants must attorn to the association for enforcement of rules, but no minimum lease term is specified in this excerpt.
• Alterations & improvements: Structural additions or changes to the exterior require prior written approval from the executive board. Interior alterations that don't impair structural integrity or mechanical systems are allowed without approval, but you may not penetrate foundation, exterior walls, or roof without permission.
• Signage: Only letter signage of approved size may be affixed to the exterior door serving your unit. No exterior signs are allowed without board consent. Displays inside windows are limited to one 3x3 sign for sale or resale.
• Parking: Owners, lessees, and their invitees have non-exclusive rights to park in surface parking spaces. The association may establish rules for towing, parking violations, and designation of parking areas.
• Developer rights: The developer retains extensive rights, including the ability to add units, create common elements, and control the association board during the declarant control period (up to 10 years). The developer may also subdivide or combine units before sale.
• What this document doesn't cover: This is only Phase I of a multi-phase condominium. It does not include complete rules for all units, pet restrictions, age restrictions, or detailed assessment amounts. The full rules may be supplemented by later phases, the master declaration, and association bylaws.

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.