The Edge on North Main Condominium Association

Key facts from The Edge on North Main Condominium Association's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

The Edge on North Main Condominium Association

Units / lots

50 initially, with potential to add up to 6 more units via annexation (maximum total 56) (Article II, Page 4: "yields a total of F)

Developer / declarant

Stoneridge Place, LLC

Governing law

South Carolina Horizontal Property Act, Section 27-31-10 et seq. of the Code of Laws of South Carolina (1991), as amended (Article I, Page 3, recitals)

Assessments & dues

Set annually by Board of Directors based on estimated Common Expenses; prorated by Percentage Interests (Article X, Section 3(a), Page 16)

Special assessments

Allowed by Board for supplementing Annual Assessments or defraying cost of construction/reconstruction/repair of General Common Elements; not for Limited Common Elements (Article X, Section 4, Page 17)

Collections & liens

Yes; unpaid Assessments become a continuing lien on the Unit; Association may foreclose and recover attorney's fees and costs (Article X, Section 1(a) and Section 6, P)

Reserves & fees

Association may establish and maintain a reasonable operating reserve fund for unforeseen contingencies or emergencies (Article III(m)(7), Page 7: "The establis)

Pets

Dogs, cats, birds, and other small common household pets allowed, not for commercial purposes, not a nuisance, leashed outdoors, no unsanitary conditions (Article V, Section 16, Page 11: "dogs, c)

Leasing & rentals

Yes, by written agreement; lease must be subject to Regime Documents; lessor remains responsible (Article V, Section 10, Page 10: "Any lea)

Parking & vehicles

Not explicitly addressed in provided text; may be in Bylaws or Rules and Regulations (N/A)

Architectural approval

Yes; Board approval required for material changes, alterations, additions to Units or Common Elements; drawings required for changes costing over $10,000 (Article XI, Section 2, Page 19: "No Owne)

Home business

Permitted if allowed by City/County ordinances and does not cause unreasonable disturbance to other Owners (Article V, Section 1, Page 9)

Maintenance

Roofs are part of General Common Elements (fundamental structural components), thus Association responsibility (Article III(h)(3), Page 5: "The fundamen)

Insurance

Association obtains Condominium Association Coverage Form (or ISO equivalent) insuring Common Elements against Broad Form Causes of Loss; public liability on Common Elements (Article VII(A), Page 12)

Use restrictions

Units shall be used for residential dwelling purposes or home occupation allowed by City/County ordinances if not disturbing (Article V, Section 1, Page 9: "Units sha)

Voting & meetings

Based on Percentage Interests (Exhibit D), not per capita (Article III(q), Page 7: "any vote, appro)

Amendments

Majority vote of Owners (based on Percentage Interests) can amend, except: (i) changes to Unit size or Percentage Interests require 100% consent; (ii) changes to management system require 2/3; (iii) Declarant may unilaterally amend for erro (Article XIV, Section 1, Page 24)

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