Villas at Ocean Club Condominium & Resort

Key facts from Villas at Ocean Club Condominium & Resort's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I, Article II)

Legal name

The Villas at Ocean Club Homeowners Association, Inc. (Article III, Section 2; Preamble)

Governing law

Mississippi Condominium Law, §89-9-1 et seq., Mississippi Code of 1972, as amended (Article I)

Assessments & dues

Fixed by Board of Directors; maximum annual increase of 10% per year (Article VIII, Section 3)

Special assessments

Approved by 2/3 vote of members (in person or by proxy); quorum 60%; if not achieved, subsequent meeting quorum same, approval by 2/3 of those voting (Article VIII, Sections 4 and 5)

Collections & liens

Assessments, interest, costs and attorney's fees constitute a continuing lien on the unit; Association may foreclose (Article VIII, Sections 9 and 10)

Reserves & fees

Referenced as part of common expenses; no specific funding requirement (Article III, Section 11 (definition of C)

Pets

Yes, only with prior written consent of Board; consent may be revoked; must be leashed outside unit; no pet shall become a nuisance (Article VII, Section 3(e))

Leasing & rentals

Yes, but not for commercial business purposes; no minimum term for individual owners; lease for over 90 days must be in writing and copy sent to Board (Article VII, Section 2)

Parking & vehicles

Not explicitly prohibited, but repair of vehicles in common areas prohibited; commercial activity prohibited (Article VII, Section 3(g),(h),(i))

Fences

Subject to architectural approval (Article IX); no specific fence rules (Article IX)

Architectural approval

60 days; if not approved/disapproved within 60 days, deemed disapproved (Article IX)

Home business

Commercial activity prohibited except for model units or office; leasing for commercial business purposes prohibited (Article VII, Sections 1, 2, 3(i))

Signs & flags

Prohibited except with prior written consent of Board; exception for first mortgage holders (Article VII, Section 3(f))

Maintenance

Common Area (roofs are exterior surfaces, thus Association responsibility) (Article IV, Section 4 (exterior surfaces)

Insurance

Association maintains property insurance on all improvements (except owner betterments); public liability insurance with at least $1,000,000 single limit; all written in name of Association as trustee (Article XIII)

Use restrictions

All units shall be used exclusively for private residential purposes and short-term occupancy for a minimum of [text cut off] (Article VII, Section 1)

Voting & meetings

One vote per unit; only members current on assessments may vote; multiple owners designate one member per unit (Article V, Sections 1, 2, 3)

Amendments

By vote or consent of not less than 2/3 of unit owners in person or by proxy; must be recorded (Article XI, Section 3)

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