South Pointe Estates

Key facts from South Pointe Estates's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

residential waterfront community (Page 2 (Book 2633 Page 559-560))

Legal name

South Pointe Estates

Units / lots

approximately 106 residential lots (Page 2 (approximately 106 residential lo)

Developer / declarant

Dan Ryan Builders South Carolina LLC

Governing law

South Carolina Nonprofit Corporation Act of 1994, South Carolina Uniform Arbitration Act (Page 1 (Book 2633 Page 559), Section 1.3)

Assessments & dues

$600.00 until December 31, 2019; thereafter determined by Board as provided (Section 5.3(a))

Special assessments

Board may levy Special Assessments for unbudgeted expenses, capital improvements, etc. During Declarant Control Period requires Declarant's written approval. (Section 5.4)

Collections & liens

Unpaid Assessments, interest, late charges, costs and attorney's fees are a continuing lien on the Unit. Association may bring action at law or equity and foreclose the lien. (Section 5.1, 5.10)

Reserves & fees

Budget to include reserve accounts for deferred maintenance, replacement costs and capital improvements. (Section 5.3(a) (budget to include reserv)

Architectural approval

Yes. During Declarant Control Period, Declarant has sole absolute right. After, no exterior Improvements or alterations without prior written approval of Association or ARC appointed by Board. (Section 8.1)

Maintenance

Association responsible for Common Areas, drainage/stormwater systems not maintained by government, sidewalks, walking paths, landscaped areas, utility lines not maintained by others, Wetlands. Owners responsible for their Units, including (Section 9.1, Section 4.7)

Insurance

Association shall procure commercial general liability insurance covering Association, Members, Directors, officers; hazard insurance on real and personal property owned or leased by Association. (Section 4.4(c))

Use restrictions

All Units restricted exclusively to residential use. (Section 2.1 (All Units within the Proper)

Voting & meetings

Class A (Owners): one vote per Unit; Class B (Declarant): three votes for each vote held by Class A plus three votes per Unit owned by Class B during Declarant Control Period. Voting Interests defined as votes cast by Owners present in pers (Section 3.2, Section 1.18)

Amendments

By Supplemental Declaration filed by Declarant (often without consent of Members) during Declarant Control Period, e.g., for annexation (Section 2.3) or withdrawal (2.4). After control period, amendment process not detailed; budget disappro (Sections 1.28, 2.3, 2.4, 5.3(i))

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