Fort Mill Medical Park

Key facts from Fort Mill Medical Park's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Horizontal Property Regime) (Title: 'MASTER DEED AND ENABLING DECLARA)

Governing law

South Carolina Horizontal Property Act, § 27-31-10 et seq. (Statement of Purpose: 'pursuant to the p)

Assessments & dues

Executive Board prepares proposed budget; Common Expenses allocated in equal shares based on number of Units. Budget deemed ratified unless all Owners present reject it. (Bylaws Section 7.1: 'allocate and assess)

Special assessments

Allowed for capital improvements (construction, reconstruction, repair, replacement of Common Elements). (Bylaws Section 7.2)

Collections & liens

Unpaid assessments for more than 30 days constitute a lien on the Unit. Lien recorded. Foreclosure allowed. Personal liability also. (Master Deed Section 7.2: 'Any sum assess)

Reserves & fees

Budget includes general operating reserve, reserve for insurance deductibles, reserve for repair/replacement of Common Elements. (Bylaws Section 7.1: 'an amount for a gen)

Leasing & rentals

Yes, leases in writing and subject to Condominium Documents. (Section 6.6: 'Any lease of a Unit or por)

Architectural approval

Yes, for any exterior addition, change, alteration, building, landscaping, fence, wall, etc. Plans must be submitted to and approved in writing by Association. (Section 6.10)

Maintenance

Roof is part of Common Elements; Association responsible. (Section 5.1(d): 'The foundations, roofs,)

Insurance

Commercially reasonable deductible not in excess of $10,000. (Section 10.1: 'with a commercially reaso)

Use restrictions

Prohibited. No obnoxious, offensive, or unlawful activity. Nothing endangering health/safety or causing insurance premium increase. (Section 6.2)

Voting & meetings

Total votes = 2 (one per Unit). Each Owner has one vote. Joint owners cast vote as whole. (Bylaws Section 4.7: 'total number of vot)

Amendments

Master Deed amendment requires 100% of Owners in writing and Mortgagee consent if rights impaired. Bylaws amendment requires all Owners in writing. (Article XIII; Bylaws Section 8)

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