Arbor Chase Townhomes

Key facts from Arbor Chase Townhomes's documents

Community type

townhome homeowners association (not a condominium) (Section: 'This document does not and is )

Developer / declarant

Mattamy Carolina Corporation (Recitals: 'by Mattamy Carolina Corporati)

Governing law

South Carolina Arbitration Act, Sections 15-48-10 et seq. (Cover page and Section: 'CONTAINS AN ARB)

Assessments & dues

Not fixed; set annually by Board based on budget (Section 8.2: 'Board shall prepare and ad)

Special assessments

Board may levy for unbudgeted or excess expenses; effective unless disapproved by 67% of Class A votes and Declarant during Development Period (Section 8.4)

Collections & liens

Association has lien on Lot for unpaid assessments and other charges; superior except taxes and first Mortgage; may foreclose by suit or non-judicial foreclosure (Section 8.6: 'The Association shall have)

Reserves & fees

Board may annually prepare reserve budgets for replaceable assets; amounts included in General Assessments (Section 8.3: 'The Board may, in its sole)

Leasing & rentals

Not explicitly restricted; leasing mentioned in Section 2.1: Owner who leases assigns rights to lessee (Section 2.1: 'An Owner who leases his or)

Architectural approval

Yes, for any exterior structure or improvement, unless exempted; ARB approval required (Section 9.1: 'No exterior structure or i)

Signs & flags

Not specifically addressed; likely subject to ARB approval for exterior structures (Section 9.1: 'No exterior structure or i)

Maintenance

Owner responsible for maintenance of structures on Lot (implied); not explicitly assigned to Association (Section 5.2: 'Each Owner shall maintain )

Insurance

Reasonable deductible allowed (Section 6.1(b): 'The policies may contai)

Use restrictions

Yes; only one Dwelling per Lot; Dwelling defined as primary single family residence (Section 1.20: 'Dwelling: The habitable s)

Voting & meetings

Class A (one vote per Lot for all owners except Declarant) and Class B (Declarant) with control period; voting by Voting Delegates; vote suspended if assessment delinquent (Article 3: Sections 3.1, 3.2(a), 3.2(b),)

Amenities

Common Area may include recreational facilities, but not specified which amenities (Section 1.11(b): 'all common amenities, )

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