White Oak Ridge Homeowners Association

Key facts from White Oak Ridge Homeowners Association's documents

Community type

Homeowners Association (Section 1.6)

Developer / declarant

Centex Homes, a Nevada general partnership, having Centex Real Estate Corporation as its managing general partner (Preamble)

Governing law

South Carolina nonprofit corporation law (Section 1.6)

Special assessments

May be levied for unbudgeted expenses; allocated equally among all Homesites except Builders' Homesites; requires disapproval by 67% of Class A votes; during Development Period requires Declarant's written consent (Section 8.4)

Collections & liens

Association has lien for assessments, interest, late charges, costs, attorneys fees; superior except tax liens and first mortgages; may be enforced by judicial or nonjudicial foreclosure (Section 8.6)

Reserves & fees

Budget shall include contribution to establish and maintain a reserve fund (Section 8.3)

Leasing & rentals

Regulated under Section 10.4 (text not provided in extract) (Section 10.4)

Parking & vehicles

Regulated under Section 10.8 (text not provided in extract) (Section 10.8)

Architectural approval

ARB must approve or disapprove within 30 Days after submission of all information; failure to act results in deemed approval (unless inconsistent with Architectural Standards without variance) (Section 9.3(b))

Insurance

Deductible treated as Common Expense unless loss resulted from negligence or willful misconduct of an Owner, guest, etc., then may be specifically assessed (Section 6.1(a))

Use restrictions

Homesites intended for detached single-family residences (Sections 1.21, 10.5)

Voting & meetings

Two classes: Class A (all Owners except Builders and Class B Member) – one vote per Homesite; Class B (Declarant) – appoints Board during Class B Control Period (Section 3.2)

Amendments

Article 14.2 (specific text not provided in extract); Article 7.5 states Article 7 cannot be amended during Development Period without Declarant's written consent (Sections 7.5, 14.2)

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