Ship Watch Villas Horizontal Property Regime

Key facts from Ship Watch Villas Horizontal Property Regime's documents

Reflects the 1977 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Horizontal Property Regime) (Document title: 'HORIZONTAL PROPERTY REG)

Units / lots

62 (61 residential Villas + 1 business Reception Room) (Article I.D: 'contains sixty-one residen)

Governing law

Horizontal Property Act of South Carolina (First paragraph: 'pursuant to the Horizo)

Special assessments

Funds for Common Expenses not covered by Budget but approved by Co-owners collected in installments as Co-owners determine. (Bylaws Article V.E: 'The funds required )

Collections & liens

Unpaid assessments for Common Expenses constitute a lien on the unit, prior and superior to all other liens except tax liens and recorded mortgages. May be foreclosed by suit. Manager or Board may bid at sale and acquire, hold, lease, mortg (Master Deed Article III.D and E: 'All su)

Reserves & fees

Budget shall include 'reasonable reserves for the payment of future Common Expenses and contingencies.' (Bylaws Article V.B: 'the amount of money)

Architectural approval

Co-owner shall not make additions/improvements to Common Elements or structural alterations of unit without Board approval of plans, and deposit of funds to defray costs including attorney's fees for modifying Master Deed. Board shall not a (Master Deed Article IV.F: 'A Co-owner sh)

Maintenance

Roofs are part of General Common Elements, so association responsibility. (Master Deed Article I.G.6: 'roofs' inclu)

Insurance

Each Co-owner responsible for hazard insurance on Villa and contents and liability insurance for Villa; must deliver policy copy to Board within 30 days of obtaining. (Bylaws Article IX.F: 'Each Co-owner shal)

Use restrictions

Villas shall be used only as residences. Reception Room for parties, group meetings, hospitality room for guests, and other related uses. (Bylaws Article X.A.1 and 2: 'Villas shal)

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