Annacey Park Homeowners Association

Key facts from Annacey Park Homeowners Association's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners association (HOA) (Article I, Definition of Association)

Legal name

Annacey Park Homeowners Association, Inc. (Article I, Definition of Association)

Governing law

South Carolina non-profit membership corporation (Article I, Definition of Association)

Assessments & dues

Board estimates Annual Expenses, adopts budget, and sets total Annual Assessment. Each Townhome pays equal share. (Article V, Section 4)

Special assessments

Board may levy for capital improvements/repairs or to cover deficit; payable in installments as Board determines; equal per Townhome. (Article V, Section 5)

Collections & liens

All assessments, interest, costs, and attorneys' fees constitute a lien on the Townhome superior to all liens except tax liens and certain recorded mortgages. Board may accelerate due amount and foreclose. (Article V, Sections 1 and 6)

Reserves & fees

Board may establish reserves for repair/replacement of improvements on Association Property and other purposes. (Article V, Section 3 (Annual Expenses in)

Pets

Yes, reasonable number of household pets allowed, but not for breeding or commercial purpose, and not a source of annoyance. (Article VII, Section 4)

Parking & vehicles

Not specifically addressed beyond trailer/boat/camper restrictions. (Not addressed in document)

Fences

Owner may erect fence only within Easement Area annexed to Townhome. Fence must conform to standardized design maintained by Board. Gate must not have lock or locking device. Owner responsible for repair, maintenance, replacement. (Article VIII, Section 3)

Home business

Permitted only if no regular customer/client traffic and no identifying sign. (Article VII, Section 1(b))

Maintenance

Owner maintains roof of Townhome. (Article VIII, Section 1 (maintain and re)

Insurance

Owner must obtain and maintain multi-peril property insurance on Townhome, stoop, portico, patio at 100% replacement cost. (Article IX, Section 2)

Use restrictions

All Townhomes restricted exclusively to single-family residential use; no commercial, business, or professional purpose. Home office allowed if no customer traffic and no sign. (Article VII, Section 1)

Voting & meetings

Two classes: Class A (all owners except Declarant) and Class B (Declarant). Class B has full voting until termination. Class A non-voting except for specified major actions until Class B ends, then full voting. Each Townhome: one vote when (Article IV, Section 3)

Amendments

Requires approval of 67% of Class A members (owners not Declarant), plus Declarant if still owns, plus HUD/VA if Class B exists. Must be recorded with Secretary's certificate. (Article X)

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