The Esplanade Condominiums

What The Esplanade Condominiums's governing documents say

The Esplanade Condominiums is a commercial condominium in Wilmington, NC, designed for office, retail, and restaurant use. Unit owners own their individual units and share ownership of common elements, with the association maintaining common areas and carrying master insurance. This document is the full declaration of condominium, binding all unit owners.

• What you own & maintain: You own the interior of your unit, including HVAC systems that exclusively serve it. The association maintains all common elements, while you maintain your unit and certain limited common elements like patios, decks, and balconies.
• Permitted uses: Units may only be used for general office, retail, or restaurant purposes consistent with a first-class condominium. No unit may be used for insurance brokerage except those in Building 2A, and only Unit 106 may be a real estate sales office.
• Leasing & rentals: Leases must be for a term of at least six months. All leases must be in writing and subject to the condominium documents; tenants must attorn to the association for enforcement purposes.
• Signage: No advertising signs or billboards may be placed on common elements without board approval. Signage space on the stacked stone sign is a limited common element assigned to each unit, subject to declarant approval during the declarant control period and association approval thereafter.
• Pets: The document does not address pets.
• Parking: Parking spaces may be assigned as limited common elements to specific units, as shown on recorded plats. Unassigned parking may be regulated by the board.
• Insurance & hazards: Nothing may be done that increases insurance rates or causes cancellation. No hazardous or wasteful activities are permitted.
• What this document doesn't cover: This document does not include the full bylaws, rules and regulations, or the current exhibit B (allocated interests). It also does not specify assessment amounts or pet policies.

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.