Cypress Pointe

Key facts from Cypress Pointe's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned community with homeowners association (Recitals B and C, Article III)

Legal name

Cypress Pointe

Developer / declarant

D.R. Horton, Inc., a Delaware corporation (initial); Howard Road Associates, LLC, a South Carolina limited liability company (definition) (First paragraph of Declaration; Article )

Governing law

South Carolina Uniform Arbitration Act (S.C. CODE ANN. § 15-48-10 ET SEQ., AS AMENDED) (Cover page)

Assessments & dues

Board prepares budget at least 60 days before fiscal year; levies Base Assessments equally per Lot; considers expected income from additional Lots; base assessments fund common expenses including reserves (Article IX Section 9.3)

Special assessments

Allowed for unbudgeted or excess expenses; requires affirmative vote/written consent of majority of Board and consent of Declarant during Declarant Control Period; payable as determined by Board (Article IX Section 9.4)

Collections & liens

Unpaid assessments after 30 days become lien on Lot; Association may file claim of lien with York County records; after 60 days may foreclose the lien in like manner as mortgages; lien superior to all but prior recorded liens and tax liens (Article IX Sections 9.2, 9.10)

Reserves & fees

Budget must include contributions to reserve fund for repair and replacement of capital assets, based on separate reserve budget considering number and nature of replaceable assets, expected life, and repair/replacement cost (Article IX Section 9.3)

Home business

Home business use ancillary to primary residential use is permitted, subject to Rules and Regulations and applicable laws (Article IV Section 4.1)

Signs & flags

Rights of Owners and Occupants to display on their Lots flags and political signs normally displayed in or outside of residences in single-family residential neighborhoods shall not be abridged, except that Association may adopt reasonable (Article IV Section 4.3.3)

Use restrictions

Lots and Common Area shall be used for residential and related purposes only, subject to Governing Documents (Article IV Section 4.1)

Voting & meetings

Two classes: Class A (each Owner one vote per Lot, maxima one vote per Lot regardless of number of owners); Class B (Declarant, votes per each Lot owned plus each Lot owned by others, until converted to Class A upon first of: all Lots conve (Article III Section 3.3)

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