Parsonage Point Condominium Owners Association

Key facts from Parsonage Point Condominium Owners Association's documents

Legal name

Parsonage Point Condominium Owners Association, Inc. (Article 2.4)

Developer / declarant

Parsonage Point Development, LLC, a South Carolina limited liability company (Preamble and Section 2.14)

Governing law

South Carolina Horizontal Property Act, S.C. Code of Laws (1976), Sections 27-31-10 et seq. (Section 2.1, also references throughout)

Special assessments

Allowed. Board may levy special assessments for capital improvements or unforeseen expenses (unless otherwise stated in the Act). (Section 10.5)

Collections & liens

The Association has a lien on each Unit for unpaid assessments. Delinquent assessments may be collected by foreclosure or other legal means. (Section 10.2; Section 10.3)

Reserves & fees

Common Expenses include reasonable reserves for repair and replacement. Capital budget and contribution provisions (Section 10.7). (Section 2.9(d); Section 10.7)

Pets

Pets allowed subject to rules and regulations. No specific count or weight limit stated; but must not be unreasonably disturbing. (Section 14.8)

Leasing & rentals

Yes, leasing is permitted subject to provisions: lease must be in writing, lessee must acknowledge and comply with Condominium Instruments, and lease term must be for at least one month? (not explicitly stated but short-term leasing discour (Article 15 (Leasing and Occupancy of Uni)

Parking & vehicles

Parking limited to designated parking areas. No on-street parking (implied by rules). Association may adopt regulations. No repair of vehicles on Common Elements. (Section 14.9)

Voting & meetings

Each Unit owner entitled to one weighted vote per Unit, weighted in proportion to the percentage of undivided interest in Common Elements. Total votes equal 100. (Section 8.2)

Amendments

Amendment requires majority approval of Owners (unless Act requires higher percentage). Some changes may also require Mortgagee consent. (Section 23.3; Section 20.1)

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