Oleander Trade Center
Homeowners association — you own your lot and home; the association maintains common areas and enforces covenants.
association language present (entity×70, governance×5)
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What Oleander Trade Center's governing documents say
Oleander Trade Center is a commercial condominium in Wilmington, NC — you own a unit (warehouse/storage space) and share ownership of the building's common elements. This declaration governs Phase 1, with up to 20 total units possible across future phases. It is designed for business use, not residential.
- Permitted use: Each unit is restricted to commercial use, principally warehouse or storage. No immoral, offensive, or unlawful use is allowed, and all laws and zoning ordinances must be observed.
- What you own & maintain: You own the interior surfaces of your unit (walls, floors, ceilings), non-load-bearing partitions, window panes, exterior doors, and HVAC/utility lines within the unit. You must maintain these items, including painting, decorating, and appliances. The association maintains common elements (roof, exterior, structural components, common areas) and carries master property and liability insurance.
- Leasing & rentals: Leases are permitted but must be for a term of at least six months. No short-term or vacation rentals are allowed.
- Pets: No more than two domestic pets per unit are allowed.
- Assessments & fees: Common expenses are shared equally among units (each of the initial 7 units has a 14.2857% interest). The association may levy assessments, charge late fees, and impose fines up to $150 per violation for rule breaches.
- Architectural review: No structural modifications, exterior changes (including painting, antennas, or AC units), or alterations to common areas may be made without the association's written consent.
- Parking & vehicles: Paved parking spaces on common areas are for use by unit owners, their guests, families, invitees, and lessees. Specific parking rules may be set by the association.
- What this document doesn't cover: This excerpt does not include the full bylaws, rules and regulations, or details on insurance deductibles, budget ratification procedures, or specific parking allocations. It also does not address age restrictions or affordability requirements.
Key facts from Oleander Trade Center's documents
- Community type
- Condominium (commercial) (Art. V, §5.1)
- Legal name
- Oleander Trade Center, A Condominium
- Units / lots
- 7 (initial) (Art. IV, §4.1)
- Governing law
- North Carolina Condominium Act, Chapter 47C (Art. I, §1.1)
- Assessments & dues
- Common expenses shared in proportion to undivided interest in common areas (14.2857% each for initial 7 units) (Art. VII, §7.7; Art. IV, §4.1)
- Reserves & fees
- Capital reserve for repair, maintenance, and replacement included in common expenses (Art. I, §1.9)
- Parking & vehicles
- Common use of paved parking spaces for unit owners, guests, families, invitees, lessees (Art. VI, §6.4)
- Fences
- No fences without written consent of Association (Art. V, §5.4 (included in 'any object fi)
- Architectural approval
- Written consent of Association required for structural modifications, exterior alterations (including painting, antennas, air conditioning units), and fixing objects to common areas (fences, planting) (Art. V, §5.4)
- Insurance
- Property insurance on common elements and units against fire and extended coverage perils (at least 80% replacement cost); liability insurance in reasonable amounts (Art. VII, §7.11)
- Use restrictions
- No; commercial use (principally warehouse or storage) (Art. V, §5.1)
- Voting & meetings
- One vote per unit (Art. VII, §7.1)
- Amendments
- Board may not amend Declaration without approval of unit owners as per NC General Statutes Chapter 47C (Art. VII, §7.5)
Related associations
Nearby (within 500 m): Oleander Oaks Condominiums · Hinton Trade Center · Bradley Square Condominium · Hinton Oaks · Bradley Park · Wisteria Place · Rose Bank · Preservation Park · Camelot Court · Shell Road Village · Green Acres
About this HOA
Oleander Trade Center is a homeowners association in Wilmington, NC.
HOAproxy has 2 documents on file for Oleander Trade Center: 2 recorded documents. Last updated 2026-07-13.