Fairview Chase Homeowners Association

Key facts from Fairview Chase Homeowners Association's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision homeowners association (WHEREAS, Declarant desires to create on )

Developer / declarant

Fairview Investments, LLC and Aho Homes, LLC (Page 1, first paragraph)

Governing law

South Carolina Uniform Arbitration Act (First page: 'IS SUBJECT TO ARBITRATION P)

Assessments & dues

Maximum Annual Assessment for Class A Lot: $475.00 until December 31, 2007. Thereafter can be increased up to 10% per year without vote, or more with majority vote after December 31, 2008. (Article V, Section 3(a))

Special assessments

Allowed for capital improvements, debt repayment, or any purpose with same assent as annual assessment (majority vote). (Article V, Section 4)

Collections & liens

Unpaid assessments (including fines) become a lien on the Lot. Association may foreclose. Subordinate to first mortgage lien. Sale under foreclosure extinguishes prior assessment liens. (Article V, Sections 1, 9, 10)

Reserves & fees

If not paid within 10 days after due date, late charge as determined by Board. (Article V, Section 9)

Pets

Yes. Reasonable number of cats, dogs, and other household pets may be kept, provided they are kept within the residence, not bred or kept for commercial purposes, and not a nuisance. (Article XI, Section 8)

Leasing & rentals

Yes. Owner may lease or sublet Unit; lease must be for at least six months, in writing, and contain required provision binding tenant to Declaration. (Article XI, Section 15)

Parking & vehicles

Vehicles may be parked only on paved parking surface, driveway, or inside garage. No commercial vehicles (except temporarily present on business), no trailers (except boat/camper). Inoperable vehicles may be kept only if inside garage and c (Article XI, Section 11)

Architectural approval

Yes. After occupancy, no improvements, exterior changes, or building permits without prior written approval from Association or Architectural Review Committee (ARC). (Article VIII, Section 1)

Home business

Prohibited. No trade, business, profession or other commercial activity carried on upon any Lot. (Article XI, Section 1)

Signs & flags

One 'For Sale' or 'For Rent' sign not exceeding 36"x24". Political signs not more than 10 sq ft, placed no earlier than 60 days before election, removed within 2 days after. No other signs on Lots without Association consent. Declarant and (Article XI, Section 9)

Setbacks / home size

All Units must be 1200 square feet or larger. (Article XI, Section 16)

Maintenance

Each Owner maintains improvements on their Lot. Association maintains Common Area. If Owner fails to maintain Lot, Association may do so after 10 days written notice and charge Owner. (Article XI, Sections 3, 7; Article X, Se)

Insurance

Association shall procure and maintain liability insurance, full replacement value hazard insurance on owned real and personal property, and officers'/directors'/employees' liability insurance. (Article X, Section 4)

Use restrictions

Yes. No trade, business, profession or commercial activity on any Lot except showing for sale/lease, and exceptions for Declarant and Builder during development. (Article XI, Section 1)

Voting & meetings

Two classes: Class A (1 vote per Lot) and Class B (9 votes per Lot owned by Declarant or Builder). Class B converts to Class A at earliest of: when Declarant no longer owns Lots, written waiver, or December 31, 2015. (Article III, Section 2(a) and (b))

Amendments

While Declarant owns any Lot, Declarant may amend without consent. After Class B Lots cease, amendment requires 75% of Lots in first 25 years, then 67%. Declarant must approve any amendment while Class B membership exists. Amendment must be (Article XII, Section 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.