Rutherford County Rutherford 74 Corporate

Key facts from Rutherford County Rutherford 74 Corporate's documents

Community type

commercial/industrial (Article IX: The Properties shall be used)

Legal name

Rutherford 74 Corporate Center Property Owner's Association

Units / lots

11 lots (Lots 1 through 11) (WHEREAS paragraph)

Developer / declarant

County of Rutherford (First paragraph)

Governing law

Laws of State of South Carolina (Article X, Section 4)

Assessments & dues

Initially $200/acre for first 3 years, then $400/acre thereafter (cap) (Article III, Section 6(a))

Special assessments

Allowed by Association; may be vetoed by any Member owning 6+ acres (Article III, Section 4)

Reserves & fees

Interest 10% per annum from due date or highest legal rate (Article III, Section 8)

Parking & vehicles

Asphalt or concrete; at least 5 ft from street right-of-way and front elevation; screened loading areas (Article IV, Section 4(c))

Architectural approval

Yes (Article IV, Section 2)

Signs & flags

Limited to one monument sign (max 36 sq ft) and building fasade signage as approved (Article IV, Section 4(l))

Use restrictions

Office, warehousing, light industrial only (Article IX)

Voting & meetings

Two classes: Class A (Owners other than Declarant) - 1 vote per acre; Class B (Declarant) - 3 votes per acre, converts to Class A when total votes equal or on Dec 31, 2024. (Article II, Section 2)

Amendments

First 20 years: agreement of 2/3 of Lot Owners; thereafter: 75% of Lot Owners; must be recorded (Article X, 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.