Weatherstone

Key facts from Weatherstone's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

single-family residential development (HOA) (Article 1, Overview: 'residential commun)

Units / lots

691 (Article 2 definition of Total Planned Un)

Governing law

South Carolina non-profit corporation law (Overview: 'created a South Carolina non-)

Assessments & dues

Base Assessment determined by dividing total anticipated Operating Expenses at full build-out by 75% of Total Planned Units during Deficit Funding Period; after Deficit Funding Period, divided equally among all units (Article 6 Section C: 'first Budget ... s)

Special assessments

Permitted; prior to Turnover Date, assessments ≤5% of budgeted expenses may be levied by Board without owner vote; above 5% requires 2/3 vote of each class. After Turnover Date, 2/3 vote required. (Article 6 Section D)

Collections & liens

Assessments are a continuing lien on each Lot/Living Unit; may be foreclosed like a mortgage; also personal obligation of owner (Article 6 Sections B and I.3)

Reserves & fees

Association may establish a Reserve for periodic maintenance, repair, replacement; monies remain property of Association (Article 6 Section R.12)

Leasing & rentals

Not explicitly prohibited; tenant responsibility provisions in Article 13 suggest leasing allowed (Article 13 Section E: responsibility for)

Fences

Acceptable fence designs and specifications attached as Exhibit D; fences are Improvements requiring Committee approval (Article 1: Exhibit D; Article 2 definiti)

Architectural approval

Yes, Architectural Control Committee approval required for any Improvement; includes buildings, fences, walls, patios, driveways, walkways, antennas, satellite dishes, signs, mailboxes, pools, tennis courts, decks, etc. (Article 10 Sections A, D, E; Article 2 d)

Signs & flags

Improvements include signs (Article 2 definition); Committee approval required for signs (Article 10); specific restrictions in Article 11 (Article 2 definition of Improvement incl)

Maintenance

Owner responsibility: 'roofs ... shall be maintained in good condition' (Article 9 Section B.1)

Use restrictions

Yes, implied by single-family residential development; specific restrictions in Article 11 (Use Restrictions) not fully excerpted but expected (Article 11: 'Use Restrictions' (table of)

Voting & meetings

Class A: one vote per Lot or Living Unit owned. Class B (Declarant): two times total votes of Class A plus one vote until Turnover Date. (Article 5 Section B)

Amendments

Prior to Turnover Date: Declarant may amend unilaterally (subject to FHA/VA approval). After Turnover Date: requires vote of Members as specified in Bylaws. Scrivener's errors may be corrected by Declarant or Board. (Article 14 Sections A, B, C)

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