Mckenna Condominium Association

Key facts from Mckenna Condominium Association's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Definition of 'Condominium'; Article I)

Governing law

South Carolina Horizontal Property Act, S.C. Code §27-31-10 et seq. (Recitals, first WHEREAS paragraph)

Assessments & dues

Board of Directors fixes amount at least 15 days in advance of each assessment period. (Article VII.G)

Collections & liens

Unpaid assessments become a continuing lien on the unit; Association may foreclose. Lien subordinate to first mortgages. (Article VII.H, I)

Reserves & fees

Reasonable operating reserve fund included in Common Expenses for unforeseen contingencies. (Definition of 'Common Expenses' (g)(6))

Pets

Yes (Article VI.F)

Leasing & rentals

Yes, but all leases must be in writing, for at least 30 days (unless Board approves shorter period), and subject to Master Deed, Articles, Bylaws, and rules. (Article VI.A and VI.K)

Parking & vehicles

Not permitted on common elements; owner has 7 days to remove. (Article VI.L (last sentence))

Home business

Not explicitly allowed; transient hotel or commercial purposes prohibited. (Article VI.A (last sentence))

Use restrictions

All units shall be used exclusively for residential purposes, excluding model units or sales office temporarily set up by Declarant. (Article VI.A)

Voting & meetings

Class I (all unit owners except Declarant): 1 vote per unit; Class II (Declarant): 2 votes per unit owned. Class II membership ends upon 75% unit sales or Jan 1, 2009. (Article XI.C)

Amendments

Owner-initiated amendments per Article XXIII; Declarant may unilaterally amend for development rights for 7 years. (Article V, Article XXIII)

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