Warwick Building, a Condominium

WILMINGTON, NC

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What Warwick Building, a Condominium's governing documents say

Warwick Building is a small commercial condominium in Wilmington, NC — you own one of five units in a four-story building, plus an equal share of the common elements. The association maintains the building's shared areas and carries master insurance, funded by equal assessments per unit.

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.

Key facts from Warwick Building, a Condominium's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name
Warwick Building Condominium Owners Association (Article III.A and Exhibit E)
Units / lots
5 (currently); Declarant reserves right to create up to 6 (Article I: "maximum number of Condominiu)
Developer / declarant
FST, LLC, a North Carolina limited liability company (Preamble)
Governing law
Chapter 47C of the General Statutes of North Carolina (Condominium Act) (Preamble and Article I)
Assessments & dues
Board of Directors establishes an Annual Budget in advance for each fiscal year; budget must be ratified by a majority of all Unit Owners at a meeting; if rejected, prior budget continues. (Article XXII.C)
Special assessments
Board may levy additional assessments if it determines assessments are insufficient or in emergencies. (Article XXII.C)
Collections & liens
Association has a lien on each unit for unpaid assessments (30 days after default), securing interest, costs, and attorneys' fees; lien may be foreclosed in same manner as real estate mortgages under power of sale in North Carolina. Lien is (Article XXII.I, J)
Reserves & fees
Board may establish a Capital Improvement Fund for replacement of common elements; monies collected must be kept in a separate account and used only for capital improvements. (Article XXII.D)
Signs & flags
Signage on Common Elements, Limited Common Elements, or windows/doors requires prior written consent of Association; total sign area per unit not to exceed 4 square feet; Association may require removal by 2/3 vote of directors and 2/3 of m (Article XIV.A)
Maintenance
Owners: maintain inside of unit, all HVAC equipment, appliances, fixtures, connections, interior surfaces, and glass surfaces of doors/windows and screens in Limited Common Elements. Association: maintain, repair, and replace Common Element (Article XVI (Owner), Article XVII (Assoc)
Voting & meetings
Votes allocated to each unit are equal as to all units (all units substantially equal in size) (Article IV: "the votes in the Associatio)
Amendments
May be proposed by Board (majority vote) or by owners of majority of units. Requires approval of at least 67% of votes in Association. May also be done by written agreement signed by 67% of votes. Must be recorded in Register of Deeds. Cert (Article XXV.A, B)

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

About this HOA

Warwick Building, a Condominium is a homeowners association in WILMINGTON, NC. Mailing address: 110 Grace Street, WILMINGTON, NC 28401.

HOAproxy has 1 document on file for Warwick Building, a Condominium: 1 recorded document. Last updated 2026-07-11.

Governing documents