Ravines at Holly Creek Condominium Owners Association

Key facts from Ravines at Holly Creek Condominium Owners Association's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Horizontal Property Regime (condominium) (Title page, Article I)

Units / lots

80 (maximum) (Article IV, Section 4.2: "MAXIMUM TOTAL )

Developer / declarant

The Ravines at Holly Creek Limited Partnership, an Ohio limited partnership registered and authorized to do business in South Carolina, with principal place of business at 104 Lifestyle Lane, Anderson, SC 29621 (Opening paragraph)

Governing law

South Carolina Horizontal Property Act, §§ 27-31-10 et seq. (1976) as amended (Article II, definitions a. and z.)

Assessments & dues

Not fixed; determined by Board in annual budget. Board prepares budget prior to each fiscal year; budget delivered to members at least 30 days before end of fiscal year. (Article X, Section 10.4)

Special assessments

Board may levy special assessments at any time. Notice sent to all Owners prior to effective date. For so long as Declarant owns any portion, special assessments require consent of Declarant. (Article X, Section 10.5)

Collections & liens

Assessments (including late charges, interest, costs, and reasonable attorney's fees) are a continuing lien on the Unit, superior to all other liens except taxes and first mortgages. Delinquent assessments may be enforced by foreclosure in (Article X, Section 10.2)

Reserves & fees

Board shall annually prepare a capital budget and set a capital contribution included in the assessment. During Declarant control, Declarant is not required to prepare a capital budget or collect capital reserves, but may collect the non-re (Article X, Sections 10.7 and 10.11)

Pets

Pets are allowed but subject to regulation (Article XIV, Section 14.7 header). No specific restrictions given in this excerpt. (Article XIV, Section 14.7)

Leasing & rentals

Leasing is addressed in Article XV (Sections 15.1 and 15.2). Likely allowed with restrictions. (Article XV)

Parking & vehicles

Parking regulated (Article XIV, Section 14.9 header). Specific rules not in excerpt. (Article XIV, Section 14.9)

Architectural approval

Yes. Prior written approval from the Architectural Review Board (ARB) is required for any exterior change, alteration, or construction (including painting, landscaping, signs, antennas, flags, etc.) except for reasonable seasonal decorative (Article XIII, Section 13.1)

Signs & flags

Signs are regulated (Article XIV, Section 14.10 header). Exterior signs require approval of ARB. (Article XIII, Section 13.1 (exterior cha)

Insurance

The deductible amount per occurrence is determined by the Board. It is considered a maintenance expense to be paid by the person(s) responsible for the loss in absence of insurance. If multiple units or common elements are involved, the Boa (Article XI, Section 11.1(i))

Use restrictions

Yes. Units in subsequent phases shall be restricted exclusively to residential use. (Phase I units are also residential by implication.) (Article IV, Section 4.3: "all Units cons)

Voting & meetings

Unit Owners vote in proportion to their Percentage Interest in the Common Elements (as set forth in Exhibit E). Majority of Owners (51% or more) required for decisions unless otherwise specified. (Article VII, Section 7.3; Article II def)

Amendments

Amendment of Master Deed and other Documents is governed by Article XX (not fully excerpted). Mortgagee consent and notice requirements are included (Sections 20.2, 20.3, 20.4). (Article XX)

Amenities

Phase I includes a clubhouse, swimming pool, putting green, and associated equipment (Article VI, Section 6.1.1(g)). Deck and parking areas also included. (Article IV, Section 4.1; Article VI, Sec)

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