Sun Coast Villas at Coastal Carolinas

Key facts from Sun Coast Villas at Coastal Carolinas's documents

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

Community type

HOA (Section 24(a): SUN COAST VILLAS HOMEOWNE)

Governing law

Chapter 55A of the General Statutes of North Carolina (Section 24(a))

Assessments & dues

Board of Directors establishes annual assessments. Increase up to 10% per year without membership vote; greater increase requires 2/3 vote of Class A members. (Section 25(e))

Special assessments

Levy allowed for capital improvements with 2/3 vote of Class A members (Section 25(f))

Collections & liens

Assessments are a lien on the lot; may be foreclosed. Lien recorded after default. Subordinate to first mortgage. Foreclosure extinguishes prior delinquent assessments as to new owner. (Sections 25(j)-(k))

Reserves & fees

Interest at 14% per annum after 30 days due; no specific late fee mentioned (Section 25(i))

Pets

Yes - dogs, cats, household pets for companionship (Section 8)

Parking & vehicles

Tractor-trailers prohibited; inoperable vehicles prohibited (Section 7C)

Fences

Developer constructs fenced areas adjacent to units; no other fencing allowed without written approval. Fence maintenance by Association. (Sections 9 and 10)

Architectural approval

Yes - Developer approval required for design, construction materials, exterior colors, fences, temporary structures, antennas, etc. (Sections 4, 5, 6, 10, 19, 20)

Home business

Not allowed (Section 2)

Signs & flags

No 'For Sale' or 'For Rent' signs except by Developer or with written permission. Developer may place directional signs for 5 years. (Sections 15A and 15B)

Setbacks / home size

No specific setbacks; Developer reserves right to control site and location of any structure (Section 3)

Maintenance

Owners maintain exterior of buildings. Association pressure washes exteriors annually, maintains fences, landscaping outside fenced areas, mailboxes, common areas. (Sections 13, 9, 10, 14, 17, 24(a))

Insurance

Association maintains casualty and liability insurance on common areas; minimum liability $1,000,000 (Section 30(a))

Use restrictions

Yes - no business, manufacturing, commercial, or professional purposes (Section 2)

Voting & meetings

Class A (lot owners except Developer): 1 vote per lot. Class B (Developer): 3 votes per lot owned until 75% deeded to homeowners or Dec 31, 2005. (Section 24(c))

Amenities

Sun Coast Swim and Racquet Club, Inc. provides recreational facilities and other amenities. Association responsible for 'other amenities' (not listed in detail). (Section 26 and Section 24(a))

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