Fairway Oaks Villasowners

Key facts from Fairway Oaks Villasowners's documents

Community type

Covenant / Planned Community

Legal name

Fairway Oaks Villasowners

Governing law

Horizontal Property Act of South Carolina (Article VIII)

Assessments & dues

Board establishes annual budget distributed at least 30 days in advance of effective date and annual meeting; budget may be modified at Annual or Special Meeting by two-thirds vote of Owners present (Article IV Section 3(a))

Special assessments

Board responsible for collection of regular and special assessments (Article IV Section 2(c))

Reserves & fees

Board shall establish and regularly fund an adequate reserve fund for periodic and/or emergency maintenance, repair, replacement of Common Elements (Article IV Section 3(b))

Pets

Yes, usual and customary household pets (dogs, cats, etc.) are permitted (Exhibit D, Pet Regulations introductory )

Parking & vehicles

Permitted if emergency access is not inhibited; overnight street parking is not permitted (Exhibit D, Parking rules)

Fences

Owner responsible for maintenance of privacy fence patios; no trees or bushes with large root systems near fence; climbing vines prohibited (Exhibit D, Landscaping Rules - Privacy F)

Architectural approval

Any alterations affecting the outside of a villa require prior Board approval (Exhibit D, General rules: "Any alteratio)

Maintenance

Board responsible for care, upkeep, maintenance and repair of Common Elements; owner responsible for interior and exterior villa? Not stated explicitly in this document; owner responsible for privacy fence patio maintenance and any owner-in (Article IV Section 2(b); Landscaping Rul)

Insurance

Board obtains insurance and Termite Bond for the Property (Article IV Section 3(c))

Use restrictions

Implied; no specific provision but rules prohibit commercial use of pets and general residential character (Exhibit D, Pet Regulations A: "Pets may )

Voting & meetings

Owners vote in proportion to their percentage of ownership as assigned in the Master Deed (Article III Section 6 (adjourned meeting)

Amendments

By-Laws may be amended by Board at a duly constituted meeting, but no amendment effective unless approved by Majority of the Paries (owners) by vote at meeting or by referendum or written/electronic ballot; exception for technical correctio (Article VI)

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