Lakeview Commons

Key facts from Lakeview Commons's documents

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

Community type

Covenant / Planned Community

Legal name

LAKEVIEW COMMONS

Developer / declarant

PORTRAIT HOMES-LAKEVIEW COMMONS LLC

Governing law

South Carolina law (implied non-profit corporation law) (Preamble (Declarant to incorporate under)

Assessments & dues

Maximum annual assessment initially $2,000.00 per Lot; for Lots owned by Declarant not occupied as a residence, maximum is $5,000.00 (but Section Seven says 25% of assessments – inconsistency in text) (Article V Section Four, page 10-11; Arti)

Special assessments

Allowed with approval of Board of Directors; for capital improvements, reserves, insurance, unusual expenses; equitably apportioned among affected Lots. (Article V Section Five, page 11)

Collections & liens

Annual and special assessments are a continuing lien on the Lot; Association may bring action at law or foreclose lien; personal obligation of owner at time due. (Article V Section One, page 10; Article )

Reserves & fees

Association shall establish and maintain adequate reserve fund from annual assessments for periodic maintenance, repair, replacement, and unforeseen expenses. (Article V Section Three, page 10)

Pets

Dogs, cats, or other household pets allowed, total not exceeding two such animals. Hamsters, small birds, fish etc. not counted. Litter born to permitted pet allowed up to 3 months. (Article IX Section Eight, page 22)

Parking & vehicles

Commercial vehicles prohibited; examples: school buses, taxis, labor trucks, vehicles with lettering, vehicles with racks. Exception during construction by Declarant. (Article IX Section Six, page 21)

Architectural approval

Architectural Control Committee approval required for any landscaping, building, fence, sign, wall, antenna, satellite dish, or other structure/improvement; plans and specs must be submitted. (Article VII, page 14)

Home business

Home offices allowed provided they do not create extra traffic other than Owners and Occupants. (Article IX Section Six, page 21)

Setbacks / home size

Main structure (excl. open porches and garages) not less than 900 square feet. (Article IX Section Four, page 18)

Maintenance

Association responsible for exterior maintenance: paint, roofs, gutters, downspouts, exterior surfaces, trees, shrubs, grass, walks, mailboxes, fences, post lights (excl. electricity). Owner responsible for glass surfaces, interior, and any (Article VI Section One, page 13)

Insurance

Owners bear deductibles for their losses; Association bears deductible for Common Area. (Article VIII Section One(f), page 16)

Use restrictions

The Lot shall be used for residential purposes. No garage, outbuilding, or other appurtenant structure shall be used for residential purposes. (Article IX Section Six, page 21)

Voting & meetings

Class A (each Owner, one vote per Lot); Class B (Declarant, six votes per Lot). Class B ends when 85% of Lots deeded to non-Declarant or 7 years after recording. (Article IV Section Two, page 9)

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