Cinema Oaks

What Cinema Oaks's governing documents say

Cinema Oaks is a condominium community in Wilmington, NC — you own your individual unit and share ownership of the building's common elements. The association maintains common areas and exterior of units (except Unit A, Building #1) and carries master insurance. This document is the full declaration and bylaws, binding all unit owners.

• What you own & maintain: You own your unit's interior; the association maintains roofs, exterior surfaces, landscaping, and common elements. Unit A, Building #1 is an exception — its owner maintains the entire building and its landscaping.
• Use restrictions: Units may only be used for office, medical, restaurant, and retail purposes — no residential use. No noxious activities, no outside antennas or signs without board approval, and window coverings must be off-white one-inch mini blinds.
• Pets: Dogs, cats, and other household pets are allowed (not for commercial purposes except a veterinary office). Pets must be leashed outside units.
• Parking & vehicles: No overnight parking of campers, trailers, or similar vehicles. Trucks are limited to standard 2-ton pickup trucks or smaller.
• Leasing & rentals: The document does not specify a minimum lease term or restrict leasing beyond the use restrictions (office/medical/restaurant/retail only).
• Architectural review: Any exterior addition or change requires prior written approval of plans. Exterior color changes need approval of two-thirds of owners at a meeting with a quorum. Unit A, Building #1 is exempt from architectural control.
• Assessments & fees: Annual assessments are based on each unit's percentage of ownership. The board may increase assessments up to 5% per year without a vote; larger increases require a two-thirds vote. Special assessments for capital improvements require majority approval. Delinquent assessments become a lien and accrue interest up to 18% per year.
• Insurance: The association carries property, liability, fidelity, and flood insurance. Each owner must carry liability insurance with at least $1,000,000 per occurrence and name the association as an additional insured. Unit A, Building #1 may procure its own property insurance.

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.