Ogden Business Park

Key facts from Ogden Business Park's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (commercial) (Article I, Section 1.1)

Legal name

Ogden Business Park Association (Section 1.2(b))

Units / lots

18 initial, up to a maximum of 76 (Section 2.1)

Developer / declarant

Ogden Business Park, LLC, a North Carolina limited liability company (Section 1.1, 1.2(h))

Governing law

Chapter 47C of the General Statutes of North Carolina (North Carolina Condominium Act) (Section 1.1)

Special assessments

Allowed if approved by Executive Board; if over 15% of current budget, must be ratified by unit owners (Section 17.5). Certain special assessments under Section 17.2 (e.g., limited common element costs) do not require ratification. (Sections 17.2, 17.5)

Collections & liens

Association has a lien on a Unit for unpaid assessments filed of record; subject to priority of pre-recorded mortgages and tax liens; foreclosure may be by power of sale under NC Article 2A of Chapter 45. Lien extinguished if not enforced w (Section 17.3)

Reserves & fees

Common Expenses include reasonable reserves for repair, replacement, or addition to Common Elements (Section 1.2(e)(iv)). (Section 1.2(e)(iv))

Leasing & rentals

Yes, but minimum lease term of six months. All leases must be in writing and subject to Condominium Documents. Tenant must attorn to Association for enforcement if association gives notice to landlord. (Section 8.2)

Parking & vehicles

Parking spaces may be allocated as Limited Common Elements or assigned by Rules and Regulations. No specific rules on on-street, work vehicles, towing, etc., in this declaration. (Article 5)

Signs & flags

Only letter signage of approved size may be affixed to the exterior door serving the unit. One For Sale/Lease sign (max 3x3) may be placed inside the front window. No exterior signs without board written consent. (Sections 8.1(c), 6.7)

Maintenance

Roof is part of Common Elements (exterior surfaces). Association responsible for maintenance, repair, replacement. (Sections 1.2(d), 4.1)

Voting & meetings

Each Unit has one weighted vote in proportion to its allocated percentage ownership interest in Common Elements as shown on Exhibit B. (Section 7.2(c))

Amendments

Declaration may be amended by vote of 67% of voting interests, except certain actions require unanimous consent (e.g., change boundaries, increase units, alter allocated interests). Declarant may amend to exercise development rights without (Article 13)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.