Pelican Sound

Key facts from Pelican Sound's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Pelican Sound Owners Association, Inc. (Article I, Section 3)

Developer / declarant

Pelican Sound, LLC (Article I, Section 5)

Governing law

S.C. Code Ann. § 15-48-10 et seq. (1976), as amended (PAGE 1)

Assessments & dues

$1,119.60 per Interest, payable quarterly $279.90 (Article IV, Section 3)

Special assessments

Levied by majority vote for maintenance, improvement, repair, operating expenses, or to pay special assessments levied by Association; also for violations and fines (Article IV, Section 4 and Section 5)

Collections & liens

Assessments create a continuing lien on the Interest; Association may foreclose like a mortgage; lien subordinate to first mortgages (Article IV, Sections 1, 8, 9)

Reserves & fees

Determined by Association for any quarterly installment not paid within 10 days after due date (Article IV, Section 8)

Leasing & rentals

Yes, Owner may rent Use Periods or Weeks to responsible persons; Owner strictly liable for damage and must indemnify other Owners; may not use rental company or real estate agency (except Declarant) (Article II, Section 4)

Maintenance

Association responsible for maintenance, repair, improvement of Property; each Owner obligated to repair/replace damage caused by Owner, family, guests, or renters (Article II, Section 1(a); Article VII, S)

Voting & meetings

One vote per Interest owned; delinquent owners lose vote; cumulative voting prohibited (Article V, Section 2; By-Laws Article II)

Amendments

By instrument signed by at least 80% of Owners (one vote per Interest); Declarant must consent as long as it owns any Interest; Declarant may unilaterally amend to correct scrivener's errors or conform to mortgage lender requirements (Article VIII, Section 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.