Washington Park East Homeowners Association

Key facts from Washington Park East Homeowners Association's documents

Reflects the 1982 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Horizontal Property Regime (Condominium) (Section II: 'creates ... a Horizontal Pr)

Legal name

Washington Park East Association of Residence Owners, Inc. (Section IV.D and XIV.A: 'Association mea)

Governing law

Horizontal Property Act of South Carolina (Title 27, Chapter 31, Code of Laws of South Carolina 1976, as amended) (Section IV.A: 'Act means the Act of the )

Assessments & dues

Not set in Declaration; initially determined by Sponsor based on estimated costs plus reasonable management fee (Section XIII.C); after turnover, determined by Manager subject to Board review (Section XV). Amount based on percentage interes (Section XIII.C and XV)

Reserves & fees

$5.00 per month if assessment is in arrears ten days after due date. (Section XV.I(1): 'a late fee of $5.00 wi)

Leasing & rentals

Yes, entire residences may be rented or leased; term must be at least one year; no unit owner may lease less than the entire unit; lease must be in writing and must provide that terms are subject to Declaration and By-Laws; lessee failure t (Section X.D: 'Entire residences may be r)

Voting & meetings

Vote based on percentage interest in common elements; each residence owner entitled to vote according to percentage share of common area; when more than one owner holds interest, vote exercised as they determine; no more than percentage own (Section XI.D(2): 'entitled to the percen)

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