Colecreek Subdivision

Key facts from Colecreek Subdivision's documents

Community type

Subdivision (Preamble, Art. I Sec. 6)

Legal name

Colecreek Subdivision

Units / lots

14 (Lots 1-14) (Art. I Sec. 6)

Governing law

South Carolina Nonprofit Corporation Act (implied) (Art. II Sec. 1; By-Laws Art. 3 Sec. 3.13)

Assessments & dues

Board prepares and approves budget no less than 45 days before fiscal year end; includes operating and capital budgets; annual assessments fixed at uniform rate and due January 1 (Art. IV Sec. 3, Sec. 4)

Special assessments

May be levied for improvements, repairs, or to cover deficiency; requires approval of over half of Membership voting in person or by proxy at a meeting called for that purpose (Art. IV Sec. 6)

Collections & liens

Assessments are a continuing lien on the Lot; may be foreclosed like a mortgage; lien subordinate to first mortgages and real estate taxes (Art. IV Sec. 1, Sec. 9, Sec. 10, Sec. 11)

Reserves & fees

Board annually prepares a capital budget considering replaceable assets, useful life, and replacement cost; required annual capital contribution set by Board (Art. IV Sec. 3(b))

Pets

Yes, ordinary household pets only; maximum 5; under strict supervision; no breeding, kennels, or commercial purpose; livestock, swine, fowl not permitted (Art. VI Sec. 2)

Home business

Allowed if not visible or noticeable from exterior (sound or smell), does not violate zoning, does not unduly burden traffic; deliveries limited to 2 per day from express carriers; no trade materials outside; no signage; no tractor trailers (Art. VI Sec. 1, Sec. 16)

Signs & flags

One sign of not more than 5 sq ft advertising lot for sale; two political signs of not more than 5 sq ft displayed within 30 days of an election; any other signs deemed appropriate by Board; no signage on commercial vehicles for home-based (Art. VI Sec. 4, Sec. 16)

Use restrictions

All Lots shall be used for single-family residential purposes only; no business shall be carried on, except home-based businesses meeting conditions (Art. VI Sec. 1)

Voting & meetings

One vote per lot; when multiple owners, they determine among themselves how to cast the single vote (Art. II Sec. 4; By-Laws Art. 2 Sec. 2.7)

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