Sands Villa Resort HOA

Key facts from Sands Villa Resort HOA's documents

Reflects the 1985 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Article I, page 1)

Legal name

Sands Villa Resort Homeowners Association, Inc. (Article II.B, page 2; Article VI, page 1)

Units / lots

90 residential units in main building plus 1 commercial unit (C-1), total 91 units (Article II.D, page 2-3; Article II.T, pa)

Developer / declarant

Sands Development North Carolina, Inc., a South Carolina corporation (Opening paragraph, page 1)

Governing law

Chapter 47A (Unit Ownership Act) and Chapter 93A (Time Share Act) of North Carolina General Statutes (Article I, page 1; Article II.A and II.S)

Assessments & dues

By Association based on common expenses; proportion to percentage of ownership in common areas (Article VI.D and VI.H.1, pages 16, 23)

Special assessments

Allowed for costs of alterations/improvements benefiting certain units (Article VI.E.3, page 16); also for maintenance fee deficiencies (Article VI.F.5(d), page 18) (Article VI.E.3, page 16; Article VI.F.5()

Collections & liens

Association may levy assessments and enforce payment; lien rights implied (not detailed in excerpt) (Article VI.H, pages 22-23)

Reserves & fees

Common expenses include capital reserve for repair, maintenance, and replacement (Article II.H, page 3)

Leasing & rentals

Allowed per interval ownership (unit weeks); otherwise not prohibited (Article II.X, page 6; Article XIII, page)

Parking & vehicles

Parking under first floor of main building; commercial unit has up to 25 spaces for patrons; no other specific parking rules in excerpt (Article V.D, page 14; Article IV.C, page)

Signs & flags

Declarant may display signs and billboards on common areas during sales period; owner signs not addressed generally (Article IV.D, page 12)

Maintenance

Common areas and limited common areas maintained by Association (except as noted); interior surfaces of limited common areas maintained by unit owners. (Article VI.E.1, page 16)

Use restrictions

Units (except commercial unit) restricted to residential use; family, guests, invitees (Article IV.B.1, page 11)

Voting & meetings

Per Article III of By-Laws (incorporated by reference); membership of all unit owners (Article VI.B, page 15; Exhibit D)

Amendments

Declarant may amend to add phases; amendment of Declaration requires recording; unanimous consent for change in common interest percentages except as allowed in Declaration. (Article X, page 29 (not fully excerpted))

Amenities

Swimming pool, water slide, two tennis courts, health spa, enclosed pool (common areas); exercise room (common area) located within commercial building. (Article II.G.4, page 3; Article IV.C, pa)

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