South Kerr Business Center

What South Kerr Business Center's governing documents say

This is a supplemental declaration (Phase 2) for South Kerr Business Center, a condominium community in Wilmington, NC. It adds six new units to the existing condominium and subjects them to the original declaration. The document is primarily for unit owners and prospective buyers in this commercial condominium.

• What this document does: This amendment adds a new building with six condominium units (Phase 2) to the existing South Kerr Business Center condominium. It incorporates all provisions of the original declaration except as modified here.
• Maximum number of units: The condominium now consists of 23 units total. The developer reserves the right to create up to 30 units in the future.
• Allocated interests (common expenses & votes): Each unit has a percentage interest in common elements and common expenses as shown in Exhibit B. Each unit also has one weighted vote equal to its percentage ownership interest.
• Common expenses: Common expenses are assessed against all units according to their percentage interest in common expenses as shown in Exhibit B.
• What this document doesn't cover: This is a partial document (an amendment adding a phase). It does not contain the full rules of the condominium, such as use restrictions, pet policies, leasing rules, or architectural guidelines. Those are in the original declaration, which is not provided here.

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.