Bridgewater Homeowners Association

Key facts from Bridgewater Homeowners Association's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (HOA) – single-family residential subdivision (Article I definitions (Lot, Owner), Arti)

Developer / declarant

Ponderosa Ventures LLC, a Georgia limited liability company (Page 6, recital)

Governing law

South Carolina Nonprofit Corporation Act (implied by Association being a South Carolina nonprofit) (Article 3.1: 'laws of the State of South)

Assessments & dues

Minimum $425 per Lot annually (Article 8.2: 'at no time shall the Gener)

Special assessments

Approval of 51% of Class A members and Class B member (if exists); levy for unbudgeted or excess expenses (Article 8.4)

Collections & liens

Association has lien for unpaid assessments; superior to all except tax liens and first mortgages; may foreclose like a mortgage (Article 8.7)

Reserves & fees

Board may annually prepare a reserve budget and include contributions in General Assessments (Article 8.3)

Architectural approval

Yes; no exterior improvement, alteration, or construction without prior written approval (Article 9.1 and 9.2)

Home business

Not explicitly prohibited; but Association may prohibit activities not normally associated with residential use (Article 10.6(d): 'may prohibit activitie)

Signs & flags

Generally not allowed without approval; Declarant and Builders may place directional/marketing signs; exceptions for holiday/religious displays (Article 9.1 (last sentence), Article 10.)

Maintenance

Owner responsibility (Owner maintains all structures on Lot) (Article 5.2)

Insurance

Treated as Common Expense unless caused by owner negligence/willful misconduct (Article 6.1(b) (deductible provision))

Use restrictions

Yes; Lots intended for single-family residence (Article 1.15: 'intended for development,)

Voting & meetings

Two classes: Class A – each Owner one vote per Lot (except exempt); Class B – Declarant, 100 votes per owned Lot, appoints Board during Class B Control Period (Article 3.4(a) and (b))

Amendments

Article XV (not fully excerpted); referenced as requiring amendment vote; consent of Declarant during Class B Control (Article 15.2 mentioned in Table of Conte)

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