Eastway

Key facts from Eastway's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

EASTWAY HORIZONTAL PROPERTY REGIME

Developer / declarant

William B. Polson and Phillip R. Parker

Governing law

South Carolina Horizontal Property Act (Section 27-31-10 et seq.) (Master Deed Art I Sec 1.1)

Assessments & dues

Set by budget adopted at least annually (Bylaws Art VIII Sec 8.3)

Special assessments

Council may levy special assessments for common and limited common expenses (Master Deed Art VI Sec 6.6)

Collections & liens

Unpaid assessments become lien on apartment, subordinate only to tax liens and prior recorded mortgages; may be foreclosed as real estate; includes costs and attorney's fees (Master Deed Art VI Sec 6.6, Art VIII Sec)

Reserves & fees

Council shall establish and maintain a reserve fund for periodic maintenance, repair, replacement of improvements (Bylaws Art VIII Sec 8.4)

Voting & meetings

Each apartment owner has vote equal to percentage interest (50% each) (Master Deed Art V Sec 5.4)

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