Turtle Bay Owners Association

Key facts from Turtle Bay Owners Association's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Owners Association (HOA) – lot/unit ownership with common areas; party walls indicate attached units (townhomes) (Entire document)

Units / lots

30 townhome dwelling units (constructed) (Amendment to Covenants, recitals)

Developer / declarant

Turtle Bay Developers, LLC, a South Carolina Limited Liability Company (Preamble of Declaration; Section 1)

Assessments & dues

Not fixed in document; Board fixes assessments each year (Section 4 (Maintenance Assessments))

Special assessments

May be levied at any time by Board of Directors (Section 4 (end of paragraph))

Collections & liens

Assessment is a continuing lien on the lot; personal obligation of owner; subordinate to bona fide mortgage. Association may foreclose in same manner as unpaid assessments. (Section 4; Section 8(d) (lien for repair)

Reserves & fees

Maintenance fund used for reserve to cover re-painting and re-roofing costs, insurance premiums, etc. (Section 5 (Maintenance Fund))

Use restrictions

Implied; not explicitly stated but all units are dwelling units (Recitals (dwelling units); entire contex)

Voting & meetings

One vote per lot owned; when multiple owners of a lot, they determine how vote is cast but only one vote per lot (Section 2 (Membership and Voting Rights))

Amendments

May be amended by affirmative vote of Owners of 3/4 of units present at meeting with quorum, or by affirmative ballot of 3/4 of lots. During first 2 years, Declarant may amend without owner consent to clarify, correct, or change (but cannot (Section 10)

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