Colecreek Subdivision

Key facts from Colecreek Subdivision's documents

Community type

Subdivision (Preamble, Art. I Sec. 6)

Legal name

Colecreek Subdivision

Units / lots

14 (Lots 1-14) (Art. I Sec. 6)

Governing law

South Carolina Nonprofit Corporation Act (implied) (Art. II Sec. 1; By-Laws Art. 3 Sec. 3.13)

Assessments & dues

Board prepares and approves budget no less than 45 days before fiscal year end; includes operating and capital budgets; annual assessments fixed at uniform rate and due January 1 (Art. IV Sec. 3, Sec. 4)

Special assessments

May be levied for improvements, repairs, or to cover deficiency; requires approval of over half of Membership voting in person or by proxy at a meeting called for that purpose (Art. IV Sec. 6)

Collections & liens

Assessments are a continuing lien on the Lot; may be foreclosed like a mortgage; lien subordinate to first mortgages and real estate taxes (Art. IV Sec. 1, Sec. 9, Sec. 10, Sec. 11)

Reserves & fees

Board annually prepares a capital budget considering replaceable assets, useful life, and replacement cost; required annual capital contribution set by Board (Art. IV Sec. 3(b))

Pets

Yes, ordinary household pets only; maximum 5; under strict supervision; no breeding, kennels, or commercial purpose; livestock, swine, fowl not permitted (Art. VI Sec. 2)

Parking & vehicles

No commercial vehicle may be parked or stored on any Lot unless in garage; no tractor trailer type trucks, box trucks, house trailers, mobile homes may be stored or regularly parked on any Lot (Art. VI Sec. 7, Sec. 16)

Home business

Allowed if not visible or noticeable from exterior (sound or smell), does not violate zoning, does not unduly burden traffic; deliveries limited to 2 per day from express carriers; no trade materials outside; no signage; no tractor trailers (Art. VI Sec. 1, Sec. 16)

Signs & flags

One sign of not more than 5 sq ft advertising lot for sale; two political signs of not more than 5 sq ft displayed within 30 days of an election; any other signs deemed appropriate by Board; no signage on commercial vehicles for home-based (Art. VI Sec. 4, Sec. 16)

Use restrictions

All Lots shall be used for single-family residential purposes only; no business shall be carried on, except home-based businesses meeting conditions (Art. VI Sec. 1)

Voting & meetings

One vote per lot; when multiple owners, they determine among themselves how to cast the single vote (Art. II Sec. 4; By-Laws Art. 2 Sec. 2.7)

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