The Moorings Condominium Association

Key facts from The Moorings Condominium Association's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

The Moorings at Wild Dunes Horizontal Property Regime

Units / lots

12 (Units 501-512) (Section 2.3 (page 2) and Section 3.2 (pa)

Developer / declarant

Hetafi Development L.L.C.

Governing law

South Carolina Horizontal Property Act (Section 27-31-10 et seq.) (Section 1.1)

Assessments & dues

Based on a budget adopted at least annually by the Board; assessments pro rata according to Percentage Interest (By-Laws Sections 9.2, 9.3 (page 25))

Collections & liens

Unpaid assessments become a lien on the unit, junior to recorded mortgages; may be foreclosed like a real estate mortgage; costs including attorney's fees included (Master Deed Sections 6.6, 8.1 (pages 8-9)

Reserves & fees

Council shall establish and maintain a reserve fund from assessments for periodic maintenance, repair, and replacement of improvements to general and limited common elements (By-Laws Section 9.4 (page 25))

Pets

Permitted but subject to rules; short-term resort guests (under 30 days) may not bring pets; long-term guests (30 days+) must provide documentation; maximum 2 pets (Rules and Regulations (DOC 11454) page 2)

Signs & flags

American flag may be displayed at any time per Section 718.113(4) Florida Statutes (DOC 6792 A.10). Note: This is Florida law, likely not applicable to Isle of Palms, but document includes it.

Insurance

Deductible on common element losses paid as common expense; but if unit owner claims and damage is not due to common element failure, deductible assessed against that owner (Master Deed Section 11.4 (page 12))

Use restrictions

A Unit owner may not use any Unit or portion of a Unit for anything other than residential purposes (Master Deed Section 5.6 (page 6))

Voting & meetings

Each Unit owner has a vote equal to his Percentage Interest (8.333% each unit except as noted) (Section 5.5 (page 5); Percentage Interes)

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