Handsmill on Lake Wylie

Key facts from Handsmill on Lake Wylie's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (Section 1.67)

Developer / declarant

Handsmill Enterprises, LLC, a South Carolina limited liability company (Preamble, Section 1.28)

Assessments & dues

Maximum initial Annual Assessment can be increased each year by greater of 10% or CPI increase, without Member vote. Board may increase more with majority vote and Declarant consent. (Section 5.3.1)

Special assessments

May be levied with approval of Declarant (if owns any part) and majority of votes appurtenant to Lots then subject to Declaration. (Section 5.4)

Collections & liens

Assessments become a lien on the Lot upon filing claim of lien. Association may foreclose; personal obligation also exists. Lien subordinate to first Mortgage. Foreclosure of first Mortgage extinguishes lien for past due assessments. (Sections 5.1, 5.8, 5.9)

Reserves & fees

Association shall establish and maintain an adequate reserve fund for periodic maintenance, repair, replacement of Common Area improvements and unanticipated expenses. Collected out of Assessments. (Section 4.7)

Pets

Not explicitly mentioned in excerpt. No pet section noted. Possibly in Rules and Regulations. (Not found in document excerpt)

Leasing & rentals

Not explicitly stated; but transfer fee applies to transfers, and delegation of use to tenants is allowed (Section 3.3). Possibly allowed subject to Rules. (Section 3.3)

Parking & vehicles

Section 9.12 "Parking; Driveways and Parking Pads; Abandoned Vehicles" - regulates parking. (Section 9.12)

Fences

Not explicitly in excerpt; likely in Design Guidelines or Section 9 (Use Restrictions) not fully provided. (Section 9 (general use restrictions))

Architectural approval

Yes, Architectural Review Committee approval required for Improvements. ARC appointed by Declarant before Turnover Date, then by Board. (Sections 1.4, 13.1, 13.2)

Home business

Nuisances; Business Activity restricted? Section 9.14 mentions "Nuisances; Business Activity" but text not fully provided. Likely restricts business activity. (Exact text not in excerpt but section exists.) (Section 9.14 (title only))

Signs & flags

Section 9.17 "Signs" - likely regulates signs. Also Section 2.3(viii) Declarant may maintain sales offices and signs advertising the Planned Community. (Section 9.17, 2.3(viii))

Setbacks / home size

Section 9.8 "Building Setbacks; Dwelling Location" - establishes setbacks. (Section 9.8)

Maintenance

Owner responsible for Dwelling maintenance, likely including roof. (Section 4.6.4 (Owner responsible for Lot)

Insurance

Association shall maintain property insurance on Common Areas (all risks, at least 80% replacement cost) and liability insurance. Also fidelity coverage for handling funds. (Sections 6.2.1, 6.2.5)

Use restrictions

Dwellings restricted to use as single family detached Dwelling (Single Family Home), Patio Home, Townhome. Commercial Lots allowed. (Sections 1.73, 1.78, 1.61, 1.84, 9.37 (i)

Voting & meetings

Three classes: Class A (Single Family Lot Owners, 1 vote per Lot), Class B (Patio Home, Townhome, Condo Owners, votes per formula in Supplemental Declaration), Class C (Declarant, 10 votes per Lot/Unit until Turnover Date). Fractional votin (Sections 4.2, 4.2.1, 4.2.2, 4.2.3)

Amendments

Amendment requires compliance with Section 12.3. Declarant consent required while Declarant owns any part. Additional Declarations may add property without full amendment process. Declarant may amend to reconfigure amenities without meeting (Sections 2.2.1, 2.2.2, 12.3)

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