Pennington Place Townhomes

Key facts from Pennington Place Townhomes's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhomes (Pennington Place Townhomes)

Legal name

Pennington Place Townhomes

Units / lots

106 (73 of 106 votes)

Developer / declarant

Pennington Place Holdings, LLC

Governing law

South Carolina Nonprofit Corporation Act, Section 33-31-708 (Pursuant to South Carolina Nonprofit Cor)

Assessments & dues

$960.00 per year ($80.00 per month) per Lot, effective January 1, 2012 (Beginning January 1, 2012 the maximum an)

Special assessments

Exempt for Declarant: 'not be subject to annual, special or working capital fund assessments' (shall not be subject to annual, special )

Voting & meetings

Members vote in person or by proxy; 67% of lot owners required to amend Declaration; 2/3 vote of Members for assessment increase above limit (affirmative vote of Sixty Seven Percent )

Amendments

Article XIV, Section Two: affirmative vote of 67% of lot owners required to amend the Declaration. Also South Carolina Nonprofit Corporation Act allows written ballot without meeting. (Pursuant to Article XIV, Section Two, an)

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