Springdale Townes

Key facts from Springdale Townes's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential community of Townhomes (Background Statement: "desire to develop)

Developer / declarant

Lennar Carolinas, LLC

Governing law

South Carolina Non-Profit Corporation Act (Article I, Definition of Bylaws: "pursua)

Assessments & dues

Set by Board; during Declarant Control Period, no maximum and set by Board/Declarant. After control period, Maximum Annual Assessment is previous year's actual plus 10%, may be increased further by majority vote. (Section 5.3 (b) and (c))

Special assessments

Permitted for construction/reconstruction of Common Elements or improvements. During Declarant Control Period, Declarant approval only; after control period, requires 67% vote of Members (Section 5.4). Also neighborhood special assessments (Section 5.4)

Collections & liens

Assessment plus interest, costs, attorney fees is a continuing lien on the Lot, superior except for ad valorem taxes, first mortgages, and recorded Declarant mortgages. Association may foreclose as a mortgage. Also personal obligation of ow (Section 5.6-5.7)

Reserves & fees

Association may establish and maintain reserve funds for periodic maintenance, repair, replacement of Common Elements and Roadways, and for unanticipated expenses. Collectible from assessments. (Section 3.4) (Section 3.4)

Leasing & rentals

Implicitly allowed because Owner may delegate easement rights to tenants (Section 3.1(h)(y)) and tenants may occupy as principal residence. No express prohibition. (Section 3.1(h)(y): "may be delegated fro)

Architectural approval

Not explicitly stated but Association may establish rules and regulations (Article XI). No separate ARC mentioned. (Section 3.1(f))

Maintenance

Not explicitly stated but likely Association if part of exterior surfaces maintained by Association (Background: "exterior surfaces of the Townhomes"). (Background Statement: "maintenance ... o)

Insurance

Association may carry deductible; deductible cost allocated as Common Expense unless caused by Owner's negligence (then Special Individual Assessment). (Section 7.2, 7.7(a)(2)) (Section 7.2: "premiums ... and any amoun)

Use restrictions

Implicit; community of Townhomes for residential purposes. No explicit statement but background indicates residential. (Background: "residential community of To)

Voting & meetings

Two classes: Class A (Owners, 1 vote per Lot) and Class B (Declarant, 1 vote for each Lot owned by Declarant plus 4 votes for each Lot owned by Class A Member or Land Holding Company). Class B terminates upon earliest of: (a) Declarant reco (Article IV, Section 4.2)

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