Millbank

Key facts from Millbank's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Millbank

Developer / declarant

FORT MILL SC, LLC

Assessments & dues

Determined by Board each year based on annual budget; each Owner pays proportionate share (Article IV Section 3)

Special assessments

Special assessments for capital improvements, repairs, replacement, debt repayment, unbudgeted expenditures require affirmative approval of at least 50% of Owners at annual or special meeting. Special assessment defined as 30% or more of re (Article IV Section 4)

Collections & liens

Unpaid assessments become a continuing lien on the Lot; Association may foreclose lien as per South Carolina law for mortgages. Also personal obligation of Owner at time due. Subordinate to first mortgage. (Article IV Sections 1, 9, 10)

Reserves & fees

Budget includes reasonable amount allocated to reserves determined by Board each year; may be set aside in separate account for capital expenditures, repairs, contingencies (Article IV Section 5)

Pets

Dogs and cats permitted provided not kept for commercial purpose and not a nuisance. No pit bulls, Staffordshire terriers, or mixes. Number of household pets not exceed 3. Board may adopt pet restrictions. (Article VI Section 13)

Leasing & rentals

Leasing of home permitted subject to reasonable rules adopted by Board (Article VI Section 22)

Parking & vehicles

Vehicles of any kind not to be parked overnight on streets of the Property (Article VI Section 9)

Architectural approval

ARC approval required for all new construction other than by Builders, all improvements and changes to existing homes and Lots, decks, playsets, fences, hedges, swimming pools, hot tubs, satellite dishes over 18 inches, and any structure no (Article VIII Section 1; also specific se)

Home business

Noxious or offensive trade prohibited; no business activity that is an annoyance or nuisance as determined by Board (Article VI Section 1)

Signs & flags

One sign of not more than 6 square feet advertising a Lot for sale may be placed by Owner. Other signs require ARC approval or inclusion in Rules and Regulations. Declarant and Builders exempt. Declarant may place subdivision entrance signs (Article VI Section 3)

Use restrictions

Each Lot used solely for residential purposes; only one detached single-family dwelling per Lot (Article V Section 1)

Voting & meetings

Class I: each Owner (except Declarant) has 1 vote per Lot owned; multiple owners of one Lot treated collectively. Class II: Declarant has 3 votes per Lot owned. Class II ceases when Declarant no longer owns any Lot or upon written consent. (Article II Section 2(a) and (b))

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