Marsh Winds Condominium Association

Key facts from Marsh Winds Condominium Association's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Horizontal Property Regime) (Recital - 'establish a horizontal proper)

Legal name

Marsh Winds Owners Association, Inc. (Recital and Art. IV, Sec. 1)

Units / lots

33 in Phase A (Building 1: 12, Building 2: 21); Phases B and C each have 6 units if annexed, for a potential total of 45 (Art. III, Sec. 4(a)-(i))

Developer / declarant

Bushy's LLC #231 (Master Deed, opening paragraph)

Governing law

Horizontal Property Act, Section 27-31-20 et seq. of the 1976 Code of Laws of South Carolina (Art. II, Sec. 1(a))

Assessments & dues

Board prepares annual operating budget by December 1; assessments based on Common Interest percentages (Article VI, Section 1(a), (c))

Special assessments

Board may levy special assessments up to $200 per 1% Common Interest cumulatively per year; larger amounts require majority of Common Interests approval (Article VI, Section 1(h))

Collections & liens

Assessments create a lien on the Unit; Association may foreclose in same manner as a mortgage. Lien subordinate to prior mortgages. (Art. VI, Sec. 1(j)-(l))

Reserves & fees

Budget may include 'creation of one or more reasonable contingency reserves and/or sinking funds'. (Art. VI, Sec. 1(b))

Leasing & rentals

Not prohibited; notice of lease required (Article V, Section 1)

Parking & vehicles

Uncovered parking areas; no reserved spaces unless agreed by all Co-Owners and mortgagees; each Unit entitled to at least one space (Article III, Section 4(j))

Architectural approval

Not explicitly stated; Board has authority over alterations/improvements (Article V, Section 5)

Maintenance

Not explicitly stated; structural elements excluded from Units, so likely Association responsibility (Article III, Section 4(k))

Insurance

Fire, flood, earthquake, vandalism, theft, liability, workers comp, fidelity, D&O, and other as determined (Article IV, Section 8(a))

Use restrictions

Units designed for independent use as single family dwellings (Article II, Section 1(x))

Voting & meetings

Each Unit Owner entitled to number of votes equal to the percentage of Common Interest of the Unit. Votes can be cast in person or by proxy. (Art. IV, Sec. 2(b))

Amendments

Amendments require 2/3 of Common Interests; Declarant may amend unilaterally for certain purposes; changes to Unit boundaries or Common Interests require all Co-Owners and mortgagees (Article VII, Sections 3, 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.