Peachtree Office Suites Owners Association

What Peachtree Office Suites Owners Association's governing documents say

Peachtree Office Suites is a small condominium community in Wilmington, NC, with only 3 to 4 units. It is designed for office use only, not residential living. The rules bind unit owners, who each own their unit's interior and share responsibility for common elements.

• What you own & maintain: You own the interior of your unit (walls, floors, ceiling, and interior fixtures). The association maintains common elements like the building exterior, roof, and common areas. Limited common elements (e.g., exterior doors, windows, stoops) are maintained by the unit owner but at the owner's expense.
• Use restrictions: Units are restricted to office use only, as permitted under the City of Wilmington's Office and Institutional (O&I) zoning. No residential use is allowed.
• Leasing & rentals: Leases must be for a term of at least six months. All leases must be in writing and comply with the condominium documents.
• Pets: The document does not mention any pet restrictions.
• Architectural review: No structural additions, alterations, or improvements may be made without prior written approval from the Executive Board. Changes to the exterior appearance of a unit or common elements also require permission.
• Assessments & fees: Common expenses are shared equally based on square footage. Assessments are due quarterly. A working capital contribution equal to one-half of the quarterly assessment is collected upon unit conveyance. Late payments bear interest at the maximum legal rate.
• Parking: Parking spaces may be allocated as limited common elements or assigned by rules and regulations. The document does not specify the number of spaces per unit.
• What this document doesn't cover: This is the declaration of condominium, not the full set of rules. It does not include the association's bylaws, rules and regulations, or details on insurance deductibles, fines, or specific pet policies. Those are in separate documents.

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.