The Albemarle Condominium Association

What The Albemarle Condominium Association's governing documents say

The Albemarle Condominium (Charleston, SC) is a condominium community — you own your individual unit and share ownership of the building's common elements. The association maintains the common areas and carries master insurance, funded by assessments based on each unit's percentage of ownership.

• What you own & maintain: You own your unit's interior (including paint, carpet, appliances, HVAC, windows, and interior doors) and are responsible for its upkeep. The association maintains all general common elements (like the courtyard, pool, and parking areas) and limited common elements shared by more than one unit.
• Leasing & rentals: Units cannot be used for time-sharing, rented for less than 180 days (six months), or used for any business activity. The association also has a right of first refusal on most sales and leases over two months — it can match any offer within 10 days.
• Occupancy & use limits: No more than four unrelated adults may live in a unit (excluding paid domestic and healthcare workers). The maximum number of units is 65, and units cannot be subdivided.
• Parking & vehicles: One parking space is assigned per one-bedroom or two-bedroom unit; two spaces per three-bedroom unit. Additional assignable spaces may be available. Boats, campers, and non-functioning vehicles are not allowed in the parking area.
• Pets: The document excerpt does not mention any specific pet rules — check the association's rules and regulations (referenced but not included here).
• Assessments & fees: Each unit owner pays monthly assessments (one-twelfth of the annual budget, due on the 5th). The association can levy special assessments with approval of a majority of affected owners. New owners may need to pay two times the monthly assessment as a working capital contribution.
• Right of first refusal & transfers: The association can step in and buy any unit offered for sale (or lease over two months) on the same terms within 10 days. Gifts and bequests to non-heirs also trigger a right to purchase at market value. Infra-family transfers (to heirs or certain trusts) are exempt.
• Alterations & appearances: No unit owner may change the exterior appearance of the property without association consent. Structural alterations to common elements require approval of two-thirds of unit owners. Interior changes that affect structure also require prior approval.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.