For real estate agents and closing attorneys

Selling, buying, or leasing a home at Wafco Mills

This page helps agents, closing attorneys, buyers, and sellers. It explains closing papers, what to hand over at closing, leasing rules, and what buyers should know about condo money. Every rule names where it comes from.

66 homes
7 brick buildings
Historic College Hill
On the Downtown Greenway

Closing papers Leasing rules Questions

Updated November 11, 2026

Check this first

Is the home in Wafco Mills Condominiums?

Three separate communities share one city block. Each one has its own association, its own papers, and its own manager.

See the map of our block on the home page.

Wafco Mills Condominiums

This website. 66 homes in seven brick buildings on Wafco Lane and Walker Avenue. Its Declaration was recorded in 1982.

Historic Wafco Mills

The 1893 mill building at 801 McGee Street. It has its own homeowners association. Please contact that association for its papers.

Walker Commons

Townhomes near the mill. It has its own homeowners association. Please contact that association for its papers: walkercommonshoa@gmail.com.

Step 1

Order the closing papers

Priestley Management Company manages Wafco Mills and handles the paperwork when a home is sold. This includes the resale disclosure and the statement of what the seller owes in dues.

How to order

Order closing papers and condo questionnaires at HomeWiseDocs.com. [Priestley to confirm this is still the ordering site.]

The person who orders pays the fee. Fees at the time of this update:

Resale disclosure: $135 to $185
Certificate of assessment (a statement of dues owed): $175 to $250

Source: the Association's management agreement with Priestley, signed September 2025. Fees can change.

Unpaid dues go with the home

"Dues" are the monthly payments every owner makes to the Association. The Declaration also calls them assessments.

When a home is sold, the buyer and the seller are both responsible for any dues the seller did not pay. The buyer can ask the seller to pay the buyer back.

Source: Declaration, Article XXIV.

The Association will give a written statement of dues owed when the owner asks in writing. Buyers, lenders, and tenants may rely on that statement.

Source: Declaration, Article XXIV, section K.

Read the rules before an offer

Declaration of Condominium, recorded October 6, 1982, Book 3239, Page 256, at the Guilford County Register of Deeds
Rules and Regulations, revised December 2025
Frequently asked questions
Parking and Trash and Recycling

Budgets, minutes, and insurance details are for owners only. Sellers can share them with their buyers.

Step 2

At closing, the seller hands over

Parking hang tags

Each home has parking hang tags. A car without a current tag may be towed. See the Parking page for where to park.

Mailbox keys

All keys for the home's mailbox.

The governing papers

A copy of the Declaration and the current Rules and Regulations, so the new owner knows the rules from day one. [Board to confirm whether a link is enough.]

The Declaration is the main recorded paper for the community. It says what each owner owns, what the Association takes care of, and the rules for using the homes. Every owner agrees to it when they buy.

Door and gate codes are never posted

Codes are not on this page or in any listing. They are shared directly with the new owner. [Board to confirm who gives codes to a new owner.] Please do not put codes in listing notes or showing instructions.

Step 3

After closing, tell the Association

The rule: A new owner must tell the Association in writing that they bought the home, with the deed's recording information. The owner should also share who holds the mortgage.
Where it comes from: Declaration, Article XXIII.
What to send: The first page of the recorded warranty deed. A warranty deed is the paper that moves ownership to the buyer. "Recorded" means it has been filed with the county.
Who to contact: Send it by email to the Board. The address is in Questions below.

New owners: set up website access and send insurance proof

Owners can see owner news, forms, minutes, and budgets on this website. The steps to sign up, and to send proof of HO-6 insurance, are on the home page, For Owners.

Leasing

Rules for renting out a home

Owners may rent out their homes. These rules apply the same way to every owner.

Leases must be written and at least 30 days

30 days or more. In writing.

The rule: Every lease or rental of a home must be in writing and last at least 30 days. A home may not be used as a hotel or for business. Renting out a home for less than 30 days is not allowed, on any website or app.
Where it comes from: Declaration of Condominium, Article XI, Residential Use Restrictions. Recorded October 6, 1982, Guilford County Register of Deeds, Book 3239, Page 256.
What may happen next: The Board may send the owner a written notice. Fines are never automatic. The owner may be fined up to $100 after notice and an opportunity to be heard, per N.C. General Statute 47C-3-107.1. Owners are responsible for their tenants following the rules.
Who to contact: Questions about a certain home go to its owner or the owner's agent. Owners with a question about the rule can ask the Board (see Questions). City of Greensboro rules may also apply to short stays.

Renting a room while the owner lives there

This is called a homestay. The Wafco Mills governing papers do not use that word or set a separate rule for it. Owners thinking about a homestay should ask the Board first (see Questions). City of Greensboro rules may also apply.

Read the source

The Declaration is a public record. Look it up at the Guilford County Register of Deeds with Book 3239, Page 256. Owners can also download it from the Priestley owner portal.

Guilford County Register of Deeds Rules and Regulations (Dec 2025)

The lease must point to the Association's papers

The rule: The lease must say the tenant agrees to follow the Declaration, the Articles of Incorporation, and the Bylaws. If the tenant breaks those rules, that is a default under the lease. A default means the tenant has broken the lease.
Where it comes from: Declaration, Article XI.
What may happen next: The Board works with the owner, not the tenant. The owner handles any lease problem with the tenant.
Who to contact: The owner or the owner's property manager.

Share the lease within 10 days

The rule: When a lease is signed, the owner gives the tenant the current Rules and Regulations and the parking hang tags. Within 10 days, the owner sends the Association the tenant's name, phone, and email, a copy of the signed lease, and a signed note that the tenant received the Rules (the New Tenant Info Sheet).
Where it comes from: Rules and Regulations, Renters and Tenants. [Read from the July 2020 Rules. Board to confirm against the December 2025 Rules, and whether papers go to Priestley or the Board.]
What may happen next: The Board may send the owner a written notice. The owner may be fined up to $100 after notice and an opportunity to be heard.
Who to contact: Seth Geise at Priestley. Contact details are in Questions below.

Homes owned by a company

The rule: When a company or partnership owns a home, it must send the Association a signed statement each year naming who uses the home. That person must agree in writing to follow the Declaration and the Rules.
Where it comes from: Declaration, Article XI.
What may happen next: If the person does not follow the rules, the Association may ask the company to remove them. The company pays the cost.
Who to contact: The Board. The address is in Questions below.

The Board describes the property and its rules. It does not say who should live here.

Seth Geise at Priestley and the Board of Directors work only with owners. If you rent your home, please contact your landlord or property manager.

Owners or residents who need an accommodation related to a disability may make a request to the Board. Each request is reviewed individually.

Showings

Showings, signs, and parking

For Sale and For Rent signs

A For Sale or For Rent sign may be shown in a window, from inside the home. Signs are not placed in the yard, on doors, or on other shared property.

Source: Rules and Regulations. [Read from the July 2020 Rules. Board to confirm against the December 2025 Rules.] State law (N.C. General Statute 47C-3-121) protects some flags and political signs.

Parking for showings

Parking spaces are for residents with hang tags. Agents and buyers, please park on the nearby city streets. Cars in a resident's space may be towed.

See the Parking page for the map and towing details.

Questions about a listing

Questions about a home for sale or for rent go to the owner or the listing agent. The Board and Priestley cannot answer questions about a listing, show a home, or share a neighbor's information.

For buyers

Money basics for condo buyers

Buying a condo means sharing the costs of the buildings and grounds with your neighbors. Here is what buyers should understand before making an offer.

What dues pay for

Dues pay to run and care for the shared property. This includes the roofs, outside walls, grounds, and the Association's insurance.

Source: Declaration, Articles XIX and XXIV.

Savings for big repairs

Part of the dues goes into a separate savings account for replacing shared property. The Declaration calls it the Capital Improvement Fund. Many people call this "reserves."

Source: Declaration, Article XXIV, section D.

Who repairs what

Owners repair everything inside their home: heat and air, appliances, windows, and the plumbing that serves their home. The Association cares for shared property.

Sources: Declaration, Articles III and XVIII; Maintenance Responsibilities chart, approved May 2021. See the FAQ about leaks.

Owner insurance

An HO-6 policy is an owner's own condo insurance. It covers the inside of the home and the owner's belongings. In stacked homes, a leak from one home can damage the home below, so this coverage matters.

Source: Declaration, Article XX. [Board to confirm where the HO-6 requirement is written.] See the FAQ about HO-6.

This page explains the governing papers in plain words. It is not legal or financial advice. If this page and the recorded papers or the Rules ever differ, the recorded papers and the Rules control. This page does not recommend any agent, broker, lender, inspector, or attorney.

Questions

Before you contact the Board

The Board is made up of volunteer owners. Please try these first:

Read this page and the FAQ.
Check the Rules and Regulations.
For closing papers or a dues statement, order through Priestley as shown in Step 1.
For a towed car, call the towing company. See the Parking page.
For a home for sale or rent, ask the owner or the listing agent.

Wafco Mills Board of Directors

Recorded deeds after closing, homestay questions, and anything this page does not answer: WeLoveWafcoMills@gmail.com

Priestley Management Company

Seth Geise, Association Manager
SGeise@priestleymanagement.com
(336) 355-9830
2005 Yanceyville Street, Suite 301, Greensboro, NC 27405

Seth Geise at Priestley and the Board of Directors work only with owners. If you rent your home, please contact your landlord or property manager.

Updated November 11, 2026. If anything on this page is wrong, please tell the Board and it will be fixed in the open.

Wafco Mills Board of Directors