1140 Ocean Boulevard Homeowners' Association

Key facts from 1140 Ocean Boulevard Homeowners' Association's documents

Community type

Horizontal Property Regime (Condominium) (Preamble)

Legal name

1140 Ocean Boulevard Homeowners' Association (Section 1.1 (Definitions - Association))

Governing law

South Carolina Horizontal Property Act, S.C. Code §27-31-10 et seq. (Preamble and Section 1.1)

Assessments & dues

Determined annually by the Board based on adopted budget, allocated to Units proportional to Percentage Interests. (Section 4.2)

Special assessments

Board may levy Special Assessments to supplement Annual Assessments or defray cost of reconstruction, repair, or replacement. If Special Assessment exceeds 20% of total Annual Assessments for that year, must be approved by majority of Membe (Section 4.3)

Collections & liens

Each Unit is subject to a lien for unpaid Assessments. Association may foreclose the lien and recover reasonable attorneys' fees and costs. The lien is subordinate to mortgages. Owner's personal obligation remains. The Association may also (Section 4.1, Section 4.5, Section 4.7)

Reserves & fees

Board shall establish and maintain an adequate reserve fund for periodic maintenance, repair, and replacement of Common Area. (Section 4.8)

Pets

Dogs, cats, or other normal household pets may be kept inside Units, provided they are not bred or maintained for commercial purposes, do not create health hazard, or unreasonably disturb others. (Section 9.2)

Leasing & rentals

Yes, any Owner may lease or rent his Unit. (Section 9.4)

Architectural approval

Yes, for any exterior construction, change, modification, or alteration, including painting, fencing, roof changes, and exterior lights. Plans and specifications must be submitted to and approved in writing by the Board for harmony of desig (Section 7.1)

Home business

Permitted only as combined residence and executive/professional office without client visits or unreasonable mail/shipping/storage/trash. Must not interfere with quiet enjoyment. (Section 9.1)

Maintenance

Association maintains Common Area in first class condition. Owner maintains Unit interior and Limited Common Area. If damage caused by Owner, cost added to that Owner's Assessment. (Section 8.1, Section 8.3)

Insurance

Deductible amount not to exceed lesser of $10,000 or 1% of policy face, at Board's discretion if material savings, treated as Common Expense. (Section 5.1(a))

Use restrictions

Units are restricted exclusively for residential use, except that a Unit may be used as a combined residence and executive/professional office if no client visits and no interference with other Owners. (Section 9.1)

Voting & meetings

Members (Owners) vote in accordance with Articles of Incorporation and Bylaws. Each Unit has votes as per Percentage Interest. Multiple owners must designate one voter. Developer has special voting rights during Transition Period. (Section 1.1 (Definitions - Percentage In)

Amendments

Not fully detailed. Developer may modify Units without Owner consent (Section 3.3). Amendment for condemnation requires 67% vote (Section 6.3). General amendment procedure likely in Bylaws or Condominium Act. (Section 3.3, Section 6.3)

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